Search found 384 matches

by Don Christy
Sat Nov 12, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds as tax refund: tracking down a missing one
Replies: 10
Views: 1101

Re: I Bonds as tax refund: tracking down a missing one

I'm missing a $1000 I bond as well! We filed late and I just received all on same day last week except one. Guess I'll wait a week or so and then call to be told to wait a little longer. Why couldn't it be the $50 one!
by Don Christy
Sat Nov 12, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Question on deferred comp options at work
Replies: 7
Views: 650

Re: Question on deferred comp options at work

For the plan I was in, if I terminated employment or was terminated before retirement, the entire balance was paid out to me in a lump sum right away. If I was otherwise employed, that would make it taxable at a very high rate, maybe higher than when I was employed and putting money into the plan. ...
by Don Christy
Fri Nov 11, 2016 8:29 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 204
Views: 25532

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Mav wrote:KlangFool, that jacket is now $129, when was it $99?


Appears to be a 20% off sale in progress now.
by Don Christy
Thu Nov 10, 2016 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Risk of not paying sales tax?
Replies: 36
Views: 3670

Re: Risk of not paying sales tax?

Had a thought, probably not feasible, but will throw it out there :D Most places don't tax services. Could your wife be reimbursed for the cost of materials, which she could buy retail having paid sales tax on those materials, and charge for her services to make a handmade necklace? Wouldn't this be...
by Don Christy
Thu Nov 10, 2016 8:42 am
Forum: Investing - Theory, News & General
Topic: Bonds are getting crushed...
Replies: 42
Views: 8825

Re: Bonds are getting crushed...

Just want to thank Nisiprius for this, and his many other, great posts. I'll simply add that in addition to the issue raised here that headline use of "bond" may differ from boglehead use of "bond", there is also another issue with headlines. As they are meant to get you to read ...
by Don Christy
Thu Oct 27, 2016 7:59 pm
Forum: Investing - Theory, News & General
Topic: Crazy NonBH Strategy of Playing Options on ETFs?
Replies: 15
Views: 1040

Re: Crazy NonBH Strategy of Playing Options on ETFs?

Like any covered call strategy, the big pitfall is that you're capped on the upside, but not on the downside. The downside events are rare, but when the occur, and they will occur, it usually wipes out all the benefits. Would this have been wise in 2006 or 2007? How long before you would have broke...
by Don Christy
Thu Oct 27, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Company Health Insurance Increase
Replies: 12
Views: 738

Re: Company Health Insurance Increase

Definitely shop it. Some markets have quite a bit of variability, with different carriers trying to grow share each year.
by Don Christy
Thu Oct 27, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with potential Investment Venture
Replies: 13
Views: 623

Re: Help with potential Investment Venture

I would tell him you would prefer a 75% ROI.
by Don Christy
Thu Oct 27, 2016 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 100
Views: 5646

Re: HSA Family $6,750 limit questions

Do a little more research for yourself, but I think all the following are true: - HSAs are always individual - contribution limits are tied to the type of coverage, individual or family - if your wife has family coverage in an eligible HDHP and isn't covered under other insurance, she is subject to ...
by Don Christy
Thu Oct 27, 2016 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 100
Views: 5646

Re: HSA Family $6,750 limit questions

Your wife can actually contribute the full $6,750 to her HSA. Here's a good post from TheFinanceBuff with several examples in the post as well as the comments: https://thefinancebuff.com/hsa-contribution-limit-two-plans-mid-year-changes.html Note to mods: sorry I reported this message accidentally....
by Don Christy
Thu Oct 27, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 100
Views: 5646

Re: HSA Family $6,750 limit questions

Caveat... I'm not an expert and you should not rely on this...

My understanding is that if you are covered under your HMO you cannot contribute to an HSA. Also, it would surprise me if the plans would allow for dual coverage.

Do I understand you that you are in both your HMO and her HDHP?
Don
by Don Christy
Thu Oct 27, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: Crazy NonBH Strategy of Playing Options on ETFs?
Replies: 15
Views: 1040

Re: Crazy NonBH Strategy of Playing Options on ETFs?

Long term investors typically aren't interested in the effort, complexities, tax issues, etc... and as you note, you miss out on significant appreciation moves... also if the covered stock plummets, you're limited in getting out, scrambling to rebuy calls. Unable to rebalance... just goes against mo...
by Don Christy
Wed Oct 26, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Looking For Pension Cash Out Investment Advice
Replies: 9
Views: 816

Re: Looking For Pension Cash Out Investment Advice

Will you have a lump sum option at commencement if you don't take this offer? I'm not an actuary, but it's my understanding that plan sponsors will have to use new mortality tables reflecting longer lifespans and therefore higher lump sum values soon (1-2 years). Of course, if interest rates rise th...
by Don Christy
Wed Oct 26, 2016 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10971

Re: 2017 ACA plan previews

Only a small percentage of the insured are in individual ACA exchange and large (83%) number of those are subsidized so that the rate increases won't be felt by them (though they may have fewer plans and narrower networks). Here's an analysis of the health coverage market for the entire US populati...
by Don Christy
Wed Oct 26, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10971

Re: 2017 ACA plan previews

Does anybody have any idea what is causing the spike in these prices? Is it basically because the pool of people that the insurers have to insure now include those with pre-existing conditions and the fact that insurers cant just drop clients? First, the rate "spike" impacts only a tiny p...
by Don Christy
Tue Oct 25, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10971

Re: 2017 ACA plan previews

Data point: 30 year old male, single, no tobacco use or children. The cheapest bronze plan available with an HSA eligible account has a monthly deductible of $246.64, a deductible of $5500, and an out of pocket max of $6550. So nothing is really covered for the first $9510. That doesn't seem like h...
by Don Christy
Tue Oct 25, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 10971

Re: 2017 ACA plan previews

Data point: 30 year old male, single, no tobacco use or children. The cheapest bronze plan available with an HSA eligible account has a monthly deductible of $246.64, a deductible of $5500, and an out of pocket max of $6550. So nothing is really covered for the first $9510. That doesn't seem like h...
by Don Christy
Mon Oct 24, 2016 3:09 pm
Forum: Personal Consumer Issues
Topic: VW Jetta TDI Settlement
Replies: 9
Views: 933

Re: VW Jetta TDI Settlement

Not sure how your deal may differ from my deal for 2010 model TDI, but You should also be getting a damage settlement of several thousand and have the option to have the car repaired for free. I think you can also wait until VW has an EPA approved fix to decide whether to repair or sell back. So dep...
by Don Christy
Mon Oct 24, 2016 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Assistance Requested: Candidate to be CEO of a Small Business
Replies: 23
Views: 2131

Re: Assistance Requested: Candidate to be CEO of a Small Business

Along with an employment contract, with well described responsibilities/authority, I would include a "constructive termination" clause. This will protect you in the event they significantly change your role or make the environment hostile trying to run you off without paying whatever your ...
by Don Christy
Mon Oct 24, 2016 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Assistance Requested: Candidate to be CEO of a Small Business
Replies: 23
Views: 2131

Re: Assistance Requested: Candidate to be CEO of a Small Business

I would also be interested in what the ongoing corporate governance will be, i.e. Will there be a board of directors and/or what "advisors" will you have as CEO.
by Don Christy
Sat May 28, 2016 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Offer
Replies: 21
Views: 2115

Re: Lump Sum Pension Offer

If I'm doing the math correctly, they're using about a 6% discount rate to get from $94k in 32 years to $14k today. Seems like a big discount rate. If it were me and I didn't need the cash, and the plan is an ERISA plan with PBGC coverage, I would not take the offer. 6% guaranteed is worth waiting f...
by Don Christy
Sat May 28, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Offer
Replies: 21
Views: 2115

Re: Lump Sum Pension Offer

A couple of things to keep in mind... Many plan sponsors are offering these lump sum windows right now due to an upcoming requirement to use new mortality tables to value their benefit obligations. The new tables have both a longer life expectancy, as well as an assumption of future improvements in ...
by Don Christy
Sat Jul 04, 2015 9:05 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 14439

Re: 2 million dollar mistake meeting with MIL's financial guy

You can have fancy software and small errors fed into it will make huge changes compounded over time. My only quibble with the OP is the statement above. Calling the information fed into the fancy software a small error is a misnomer. Those were not errors, but inputs carefully chosen to sell a pro...
by Don Christy
Thu Aug 14, 2014 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Disbursement Fee?
Replies: 6
Views: 1509

Re: 401k Disbursement Fee?

I would ask them to waive it, but wouldn't let $50 impact my decision.

OP said rolling to a 401k, not IRA, so presumably any protections are same.
by Don Christy
Thu Aug 14, 2014 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Do you hold cash/money market outside of your emergency fund
Replies: 31
Views: 2747

Re: Do you hold cash/money market outside of your emergency

I don't have a specific emergency fund, but end up keeping significant cash in all of these places:
Bank account
HSA money market (x 2)
Tax exempt money market (receives cap gains and dividends from investments until reallocated ~qtly)
by Don Christy
Thu Aug 14, 2014 7:27 am
Forum: Personal Consumer Issues
Topic: Best Place to Do Research on Orthopedic Surgeons
Replies: 28
Views: 2742

Re: Best Place to Do Research on Orthopedic Surgeons

If you're in a city with professional sports teams, I would try to find out who is repairing those professional rotator cuffs. If that surgeon is not available to you, ask who they would recommend. Short of that, I would find a shoulder expert in a sports medicine practice who does a high volume of ...
by Don Christy
Wed Aug 13, 2014 5:24 am
Forum: Investing - Help with Personal Investments
Topic: Early Retiree In-Service Rollover to Roth guidance & opinion
Replies: 6
Views: 833

Re: Early Retiree In-Service Rollover to Roth guidance & opi

This site is really great! I did a quick review of the wiki entries around Roth IRA, Roth conversions, Backdoor Roth, etc., and didn't see anything this detailed related to means to isolate basis. This would seem to be a great candidate for a wiki entry. Thanks for taking the time to write such a de...
by Don Christy
Tue Aug 12, 2014 10:13 pm
Forum: Personal Consumer Issues
Topic: Runners and compression socks
Replies: 18
Views: 2141

Re: Runners and compression socks

Last Tuesday night after running with my running club that meets at a running store, a vein doctor was there talking about the benefits of compression socks for runners. He said he wears them during days when he is in surgery for 10 hours. I did purchase a pair of CEP Men's Running Progressive Comp...
by Don Christy
Tue Aug 12, 2014 7:30 am
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 67
Views: 6750

Re: Motorcycle for short commute?

I'm an avid motorcyclist, and wouldn't consider a 10 min commute in 100 degree weather! As someone else said, it will be HOT. Especially if you wear ATGATT. That's "all the gear, all the time." AS YOU SHOULD. I would ride my bicycle or if I took my motorcycle, I would wear ATGATT and figur...
by Don Christy
Mon Aug 11, 2014 6:37 pm
Forum: Personal Consumer Issues
Topic: Robin Williams
Replies: 42
Views: 5585

Re: Robin Williams

RIP.

Great comedian and fine actor.
by Don Christy
Mon Aug 11, 2014 6:35 pm
Forum: Investing - Theory, News & General
Topic: Reminder: Check your 401K contribution rates
Replies: 27
Views: 4297

Re: Reminder: Check your 401K contribution rates

Thanks for the reminder. I try to get the most in early, leaving just enough to reach the max in last paycheck to capture full match. It's a PITA every year. If your plan is like mine, you need to do "mid-course corrections" to your paycheck contribution rates to ensure that the year's tot...
by Don Christy
Mon Aug 11, 2014 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Tricky Tax: Backdoor Roth + Simple IRA
Replies: 14
Views: 1377

Re: Tricky Tax: Backdoor Roth + Simple IRA

Also note that the I in IRA is for Individual. So (if my understanding is accurate), you can still do the backdoor with your IRAs whether you clean up your wife's SIMPLE IRA or not.
by Don Christy
Fri Aug 08, 2014 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 122
Views: 24201

Re: Affording a 1.3 million home?

Plan for a situation where, post kids, only one of you is working (ditto circumstances if one of you is redundant). . In case it's not clear, in this case "redundant" means laid off / fired. British use. And agree with points made here and by others who suggest renting and considering ret...
by Don Christy
Thu Aug 07, 2014 8:11 am
Forum: Investing - Help with Personal Investments
Topic: How Often to Look for Rebalancing Opportunities?
Replies: 20
Views: 1367

Re: How Often to Look for Rebalancing Opportunities?

Are you really thinking more about missing an opportunity to tax loss harvest (TLH)? If you're really concerned about missing rebalancing opportunities, consider a target date or lifestyle fund that automatically rebalances. Otherwise, TLH not withstanding, IMO, due to momentum and other factors, th...
by Don Christy
Wed Aug 06, 2014 9:27 am
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 75
Views: 8339

Re: Best Coffee Maker? What do you have?

Bonavita for daily coffee with DW. Aeropress for the occasional cup alone. Aeropress with good coffee and proper water temp is my favorite. Burr grinder for consistent grind for both Bonavita and Aeropress. Lately using Starbucks Sumatra beans, but thinking of trying a local roaster to see if there'...
by Don Christy
Tue Aug 05, 2014 1:28 pm
Forum: Investing - Theory, News & General
Topic: AARP: The Great Pension Sell-Off
Replies: 30
Views: 4150

Re: AARP: The Great Pension Sell-Off

Well at least those individual pension obligations become fully funded once they buy an annuity, right? Why do you say that? They are simply general obligations of the annuity corporation, no longer backed by the PBGC. The line I really like is along with proposed new mortality tables that raise li...
by Don Christy
Tue Aug 05, 2014 12:20 pm
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 8641

Re: average American eats out 203 times per year

Not hard to exceed those numbers with a couple lunches or dinners regularly plus vacation.

Also, how do you count the once a week Thai carry out that we make 2 meals out of? Is that 1x or 2x?
by Don Christy
Tue Aug 05, 2014 10:04 am
Forum: Investing - Theory, News & General
Topic: Stop Passing Up This Great Deal - In Money Magazine
Replies: 80
Views: 14818

Re: Stop Passing Up This Great Deal - In Money Magazine

2) Some items in this article seem incorrect or misstated such as, "Roth 401ks leave just about all workers, regardless of age or tax bracket, with more money to spend in retirement than pretax plans do" "The Roth 401k should be considered the default investment" "Every dol...
by Don Christy
Sat Jul 19, 2014 10:04 am
Forum: Personal Finance (Not Investing)
Topic: HSA woes, former employer keeps contributing
Replies: 11
Views: 1538

Re: HSA woes, former employer keeps contributing

Could you transfer to another custodian and close the account?
by Don Christy
Sat Jul 19, 2014 9:56 am
Forum: Personal Consumer Issues
Topic: USPS Shipping Problem Again
Replies: 19
Views: 1293

Re: USPS Shipping Problem Again

I've had problems with all three, USPS, FEDEX, and UPS. Biggest problem was with UPS. Insure to proper value and use track able service if it's valuable. If it's truly heirloom, irreplaceable, reconsider shipping at all.
by Don Christy
Fri Jul 18, 2014 8:41 am
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 8888

Re: Options/guidance for a lazy person to be fit

For weight loss, you obviously have to burn more calories than you consume. The calorie in side is typically the biggest challenge. And especially challenging are calories from alcohol. With alcohol, you get lots of relatively useless calories, an appetite stimulant, and reduced self-control. And if...
by Don Christy
Tue Jul 15, 2014 11:20 pm
Forum: Personal Consumer Issues
Topic: A question for the Bogleladies or those who can consult one
Replies: 70
Views: 7554

Re: A question for the Bogleladies or those who can consult

http://www.marieclaire.co.uk/blogs/545106/8-lingerie-brands-we-should-all-have-in-our-underwear-drawers.html My favorites: Rosie for Autograph and Beautiful Bottoms. My favorites: Rosie for Autograph and Stella McCartney. Victoria A third vote for Rosie. Perhaps a poll is in order. Good luck to PE,...
by Don Christy
Sun Jul 13, 2014 6:41 pm
Forum: Investing - Theory, News & General
Topic: But why not 100% stock index fund?
Replies: 76
Views: 9319

Re: But why not 100% stock index fund?

Dutch wrote:Ok I'm calling the top of the market


With several 100% equity threads in short order, I think you may have made the right call. Just waiting for stock tips at cocktail parties to confirm.
by Don Christy
Sat Jul 12, 2014 7:35 pm
Forum: Personal Consumer Issues
Topic: Travel Converters/Adapters
Replies: 11
Views: 1095

Re: Travel Converters/Adapters

Most electronics can handle the voltage/frequency, so an adapter is all that's needed for charging most electronics (phones, iPads, Kindles, etc.). Adapters don't change the voltage or frequency, they just physically adapt one plug to another. We used type L adapters, but from what I understand, typ...
by Don Christy
Mon Jun 30, 2014 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 6630

Re: Pay down (not off) mortgage?

To the extent that you would be putting the cash into fixed income in your taxable, paying down the mortgage seems a reasonable option. If you're going to need the extra cash when you move, either home equity or any risky investments may not be there when you need them. In other words, think about w...
by Don Christy
Mon Jun 30, 2014 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Maxed out contributions help!!
Replies: 14
Views: 1468

Re: Maxed out contributions help!!

You say you don't have medical insurance.

Perhaps reconsider that decision and choose a plan with an HSA.
by Don Christy
Mon Jun 30, 2014 8:08 am
Forum: Investing - Help with Personal Investments
Topic: How to get father on board with index funds
Replies: 34
Views: 2889

Re: How to get father on board with index funds

indexmeasap wrote:
Maybe an agreement could be worked out that would allow you to help your mom manage the finances if something were to happen to your father? Mothers tend to be susceptible to those nice boys...


In my experience, fathers are just as susceptible.
by Don Christy
Mon Jun 30, 2014 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Help choosing DI policy
Replies: 3
Views: 561

Re: Help choosing DI policy

I would research a bit about prevalence of conditions which are limited under the Principal policy. Also, check to see if EmergDoc's blog (the white coat investor) has anything to say about this. Saw this on WebMD, Mental health problems. You might think of disability as physical, but mental health ...
by Don Christy
Sat Jun 28, 2014 11:50 am
Forum: Personal Finance (Not Investing)
Topic: 401k mandatory withdraw after parent dies?
Replies: 13
Views: 901

Re: 401k mandatory withdraw after parent dies?

my dad is over 70 and not in good health. if he dies, the 401k $ goes to my mom who is under 70. does she still have to do mandatory withdraws? Here's a link to the IRS website on the subject. http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics---Required-Minimum-Distri...
by Don Christy
Thu Jun 26, 2014 9:23 am
Forum: Personal Consumer Issues
Topic: Best Road Trip Vehicle
Replies: 35
Views: 3634

Re: Best Road Trip Vehicle

Are you sleeping in it or just driving? If latter, consider a VW Jetta Sport Wagon with Turbo Diesel. Great fuel mileage, space and comfort. Large panoramic sunroof. We love ours for road trips. Good luck!

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