Search found 5682 matches

by KyleAAA
Fri Feb 05, 2016 9:41 am
Forum: Personal Consumer Issues
Topic: Anyone travel without hacking?
Replies: 49
Views: 3826

Re: Anyone travel without hacking?

Have you tried traveling without planning? If you're flexible where you go and what you do you can have a lot more fun for a lot less money than if you planned everything out. Need need for hacking, either. In my younger days we would occasionally go out to a bar in a new city and just be really, re...
by KyleAAA
Thu Feb 04, 2016 1:11 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 92
Views: 4707

Re: Sibling's destination wedding?

I'd definitely sit them down and explain that I couldn't afford to attend unless they are able to defray the costs a bit. People who choose destination weddings know most people won't be able to attend. That's part of the attraction.
by KyleAAA
Thu Feb 04, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1251

Re: Inherited a home, any tax benefits?

Wouldn't the imputed value of the discounted rent be taxable as income to the step-mother? I'm wondering if the fact that the house is being rented under market and not at arms length would impact the ability to deduct things like property taxes. I'm almost certain you couldn't deduct things like m...
by KyleAAA
Thu Feb 04, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Inherited a home, any tax benefits?
Replies: 30
Views: 1251

Re: Inherited a home, any tax benefits?

Wouldn't the imputed value of the discounted rent be taxable as income to the step-mother? I'm wondering if the fact that the house is being rented under market and not at arms length would impact the ability to deduct things like property taxes. I'm almost certain you couldn't deduct things like ma...
by KyleAAA
Wed Feb 03, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Should we really trust the market?
Replies: 20
Views: 2840

Re: Should we really trust the market?

Can the market be said to be rigged? Perhaps in the short term, but I don't think it's a fair long-term assessment. And of course markets are unpredictable, but there are tools to deal with that. I don't think "trust" is really a term that applies here.
by KyleAAA
Wed Feb 03, 2016 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 10984

Re: Clueless college new grad 22 yo, 200k income looking to start saving

Given that you're in tech in San Francisco, I recommend you being a bit more conservative with both your investments and your expectations for the future. If another 2000 happens you could be out of a job for a looooooong time. I wouldn't buy a $1mm house on a $200k salary in tech in San Francisco, ...
by KyleAAA
Mon Feb 01, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

I'd rather take my chances with one imperfect entity than two, but thanks just the same. But that isn't an option. There are multiple entities involved regardless of whether or not you do everything on paper and have a carrier pigeon hand deliver it or file electronically. But of course, nobody's p...
by KyleAAA
Mon Feb 01, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

When you "audit the logs and figure out exactly who received access...", hasn't the horse already left the barn? Yes, but then at least you can fix the problem. In your scenario, most of the time there will be no evidence of a breach and nobody will ever know. In the electronic scenario, ...
by KyleAAA
Mon Feb 01, 2016 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

When you "audit the logs and figure out exactly who received access...", hasn't the horse already left the barn? Yes, but then at least you can fix the problem. In your scenario, most of the time there will be no evidence of a breach and nobody will ever know. In the electronic scenario, ...
by KyleAAA
Mon Feb 01, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

I'd rather take my chances with one imperfect entity than two, but thanks just the same. But that isn't an option. There are multiple entities involved regardless of whether or not you do everything on paper and have a carrier pigeon hand deliver it or file electronically. But of course, nobody's p...
by KyleAAA
Mon Feb 01, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

If I were the worrying sort, I'd be much more concerned about third parties having access to sensitve data than dishonest IRS( or postal service) employees. Contracting out services in an attempt to save money is often a false economy. Are you calling into question the data security practices of co...
by KyleAAA
Mon Feb 01, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

Just because you can't enumerate them doesn't mean they do exist. I'm glad you asked! Here are some boilerplate risks. Being as there's an entire industry built around this, the issues are pretty well known. 1.) An authorized insider accidentally (or maliciously) forwarding a document (much less li...
by KyleAAA
Mon Feb 01, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

If I were the worrying sort, I'd be much more concerned about third parties having access to sensitve data than dishonest IRS( or postal service) employees. Contracting out services in an attempt to save money is often a false economy. Are you calling into question the data security practices of co...
by KyleAAA
Mon Feb 01, 2016 10:37 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

Just because you can't enumerate them doesn't mean they do exist. I'm glad you asked! Here are some boilerplate risks. Being as there's an entire industry built around this, the issues are pretty well known. 1.) An authorized insider accidentally (or maliciously) forwarding a document (much less li...
by KyleAAA
Mon Feb 01, 2016 10:02 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15685

Re: Unwinding day old terrible car deal for mother-in-law

I'd appreciate your feedback on this situation and suggestions for any recourse. There is a subreddit called "askcarsales" (https://www.reddit.com/r/askcarsales) you should visit. They will be able to tell you what to do. People ask stuff like this all the time over there and their advice...
by KyleAAA
Mon Feb 01, 2016 8:43 am
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15685

Re: Unwinding day old terrible car deal for mother-in-law

You HAVE to go to the dealership in person for this. Don't waste your time on the phone and don't bother calling the lender first. The dealership is the ONLY entity capable of unwinding this deal. The fact that the dealership instructed her to fraudulently state her income will be enough to get them...
by KyleAAA
Sun Jan 31, 2016 11:21 am
Forum: Investing - Help with Personal Investments
Topic: How do I move my work 401k?
Replies: 14
Views: 779

Re: How do I move my work 401k?

Does this mean I can't add any new money to the account? Nope. Does "nope" mean that I cannot add to this 401k after i leave the job and roll it into a VG account? You can't add any more money to your old 401k account once you leave that employer. You CAN add more money to your rollover I...
by KyleAAA
Sun Jan 31, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Downward trend over?
Replies: 46
Views: 4039

Re: Downward trend over?

If anything, I think we'll see another drop. Valuations aren't unreasonable but they also aren't exactly what I'd call low. Plus, we're over-due for a full-fledged bear market. I would welcome a bear market at this point in my investing career. On the other hand, we've finally seen the unskilled lab...
by KyleAAA
Sat Jan 30, 2016 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: How do I move my work 401k?
Replies: 14
Views: 779

Re: How do I move my work 401k?

thomasm wrote:Do I open a personal IRA at VG and then roll this money into that new account?

Yep
thomasm wrote:And I control it?

Yep
thomasm wrote:Does this mean I can't add any new money to the account?

Nope.
thomasm wrote: Is there any tax issue with doing this (other than paying taxes, as I'd normally do, in retirement)?

Nope.
by KyleAAA
Sat Jan 30, 2016 10:45 am
Forum: Investing - Help with Personal Investments
Topic: How do I move my work 401k?
Replies: 14
Views: 779

Re: How do I move my work 401k?

The most common option is to roll it over into an IRA. I wouldn't recommend leaving it in your old plan even if they will allow you to do so because you will inevitably end up with 5 different plans at 5 different companies over the years. Rolling them all over into a single IRA every time you leave...
by KyleAAA
Fri Jan 29, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: What's this "magical 5% return" always being referred to?
Replies: 18
Views: 1493

Re: What's this "magical 5% return" always being referred to?

ive heard professionals and people planning for retirement mention "5% return" as if it's guaranteed... i.e. "a million dollars invested at 5% gets you $40K/year for the rest of your life." Hypothetically if I had $1M in retirement and was to retire today, how would I maintain b...
by KyleAAA
Thu Jan 28, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

Just because you can't enumerate them doesn't mean they do exist. I'm glad you asked! Here are some boilerplate risks. Being as there's an entire industry built around this, the issues are pretty well known. 1.) An authorized insider accidentally (or maliciously) forwarding a document (much less li...
by KyleAAA
Thu Jan 28, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

It is also true that most people who do this sort of thing for a living are conditioned to go along with whatever IRS says. That makes their lives simpler. By people who do this for a living, I mean computer scientists, electronic data security experts, privacy experts, fraud experts, law enforceme...
by KyleAAA
Thu Jan 28, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

IRS makes processing errors with both types of returns in roughly the same ratio. I believe they exaggerate the difference in their public pronouncements in order to nudge people to e-flinging because it is cheaper for them. (But of course I have no proof of that - my evidence is strictly anecdotal...
by KyleAAA
Wed Jan 27, 2016 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to implement a glide path
Replies: 37
Views: 2062

Re: How to implement a glide path

I plan to follow the 120 - age in stocks rule by adjusting my bond allocation by 5% every 5 years. I could do 1% every year but that seems like more trouble than it's worth. Honestly, 10% every 10 years might be even better. I do all my rebalancing in January every year, so I'd just do it then.
by KyleAAA
Wed Jan 27, 2016 11:38 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

I'm a tax preparer and I refuse to e-file for myself or my clients. I obtain a waiver from IRS each year, and will stop preparing tax returns if the waiver request is ever refused. Even then, I will continue to file my own return on paper. Irrespective of all the glib assurances by the IRS, the tax...
by KyleAAA
Wed Jan 27, 2016 9:43 am
Forum: Personal Consumer Issues
Topic: I think MacBook Air has a "bug"
Replies: 32
Views: 2171

Re: I think MacBook Air has a "bug"

Safari is a subpar browser. Try Chrome. If the problem persists, I'd pay a visit to an Apple store. I find Chrome to be much slower and less intuitive than Safari on my Macbook Pro. Total opposite of your thoughts. Though I agree - take it into the Apple Store. This is what you pay for when you buy...
by KyleAAA
Wed Jan 27, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 75
Views: 4055

Re: File taxes via mail or electronically

I file electronically. It's easier and more secure.
by KyleAAA
Tue Jan 26, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Premier (for tax year 2015): Will it run on XP?
Replies: 14
Views: 599

Re: TurboTax Premier (for tax year 2015): Will it run on XP?

If it turns out not to work, the online version might be worth trying. I've been using it for years and it's just as good as the installed version IMO.
by KyleAAA
Tue Jan 26, 2016 4:45 pm
Forum: Personal Consumer Issues
Topic: I think MacBook Air has a "bug"
Replies: 32
Views: 2171

Re: I think MacBook Air has a "bug"

Safari is a subpar browser. Try Chrome. If the problem persists, I'd pay a visit to an Apple store.
by KyleAAA
Mon Jan 25, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with truecar.com or similar ?
Replies: 26
Views: 1780

Re: Anyone have experience with truecar.com or similar ?

Truecar is usually, but not always, within about $250-400 of what you'd get if you negotiated perfectly. Truecar charges dealers $250 so it's easy to ask for that off the price (assuming you didn't already submit through Truecar). Beyond that, you're within $100-200 of that particular dealer's lowes...
by KyleAAA
Sun Jan 24, 2016 10:29 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10512

Re: Do you pay for exercise?

$10 per month. I'm slightly more likely to work out at home but I tend to go much harder when I'm at the gym.
by KyleAAA
Sun Jan 24, 2016 11:25 am
Forum: Investing - Help with Personal Investments
Topic: 30 YO with 100K looking for investment advise - and a Shocking Chart
Replies: 25
Views: 2142

Re: 30 YO with 100K looking for investment advise - and a Shocking Chart

I looked at the chart of SPY and QQQ from January 2000 - January 2016. SPY returned 30% in 16+ years. QQQ returned 15.74%. These are below subpar returns. How in the world is index investing justified then? Charts are pretty sad for all other index ETFs including Vanguard, International, Small Cap ...
by KyleAAA
Sun Jan 24, 2016 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 9096

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

First things first: until you are married, how your fiancee handles her money is none of your business. Sure, you should have a conversation about money, your goals, and your investment philosophy, but speaking to your future father-in-law at this point is not your place. Rather than just telling yo...
by KyleAAA
Sat Jan 23, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 6937

Re: What was your % pay raise?

0%, although I got a promotion with a sizable raise in September, so I'm not unhappy.
by KyleAAA
Fri Jan 22, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Is this article accurate? I sure hope not...
Replies: 34
Views: 3273

Re: Is this article accurate? I sure hope not...

That's clearly a sales page.
by KyleAAA
Wed Jan 20, 2016 2:59 pm
Forum: Investing - Theory, News & General
Topic: Why buy now, why not wait until the market really crashes??
Replies: 79
Views: 9216

Re: Why buy now, why not wait until the market really crashes??

Because you don't know if the market will drop 30%. And even if it does, you won't know if it is going to drop even more. I buy a little with every paycheck specifically so I don't have to worry about missing the bottom. I never miss the bottom!
by KyleAAA
Wed Jan 20, 2016 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5093

Re: Insane Notice / Counter Offer Situation

I'd try my best to put in my 3 weeks and leave, just as I promised. But if things got REALLY unprofessional I wouldn't hesitate to leave earlier.
by KyleAAA
Mon Jan 18, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for a used Mazda in the Seattle area
Replies: 18
Views: 836

Re: Looking for a used Mazda in the Seattle area

I'd withhold payment information. Dealers usually get a kickback for arranging financing so you'll probably get a slightly better price if you don't tell them you're paying cash upfront. Doesn't sound like there's a trade-in involved, but if so, it would probably be worth driving the 150 miles to Ca...
by KyleAAA
Mon Jan 18, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating with sibling to reduce taxes???
Replies: 21
Views: 955

Re: Incorporating with sibling to reduce taxes???

This sounds extremely illegal. Please consult a CPA before trying this.
by KyleAAA
Sun Jan 17, 2016 8:18 pm
Forum: Personal Consumer Issues
Topic: Bank of America disses older clients
Replies: 24
Views: 2492

Re: Bank of America disses older clients

Had they said upfront they were looking for the responses of their younger customers wouldn't that have led to a pretty severe self-selection bias? Administering a survey to all their customers when the subject clearly doesn't apply to most of them (the aforementioned student checking product, perha...
by KyleAAA
Sat Jan 16, 2016 11:48 am
Forum: Investing - Theory, News & General
Topic: I'm Calling an Emerging Markets Bottom
Replies: 127
Views: 12249

Re: I'm Calling an Emerging Markets Bottom

I sure hope so. Emerging markets make up 15% of my portfolio and is my worst-performing asset class by far over the past 5 years.
by KyleAAA
Sun Jan 10, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Best Heart Monitor (Exercise type)
Replies: 24
Views: 1491

Re: Best Heart Monitor (Exercise type)

I have a Polar M400 with the chest strap and I love it for running/cycling/weight lifting. The chest strap monitors, to my knowledge, are significantly more accurate than the wrist-based monitors used by Fitbit. That said, Fitbit monitors your heart rate 24/7 whereas I only monitor mine when I'm act...
by KyleAAA
Fri Jan 08, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Resort in Scottsdale, AZ
Replies: 23
Views: 1870

Re: Resort in Scottsdale, AZ

The Fairmont in Scottsdale is excellent, as are all Fairmonts.
by KyleAAA
Sat Jan 02, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: No to Betterment advisory fee, but yes to...?
Replies: 28
Views: 1944

Re: No to Betterment advisory fee, but yes to...?

I believe you've described two "investment" options which are incomparable. The power of compounding works for you with respect to investment returns and against you with respect to fees (or lower returns). Consider the following: If you invest 100,000 for 30 years at an 8% annual return ...
by KyleAAA
Wed Dec 30, 2015 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Losses at Betterment.com ... HELP!
Replies: 81
Views: 7294

Re: Losses at Betterment.com ... HELP!

Were you under the impression that the stock market always goes up even over short periods of time?
by KyleAAA
Tue Dec 29, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Do you think Big Data technologies could aid active investing in the future?
Replies: 31
Views: 1548

Re: Do you think Big Data technologies could aid active investing in the future?

Only if you're the ONLY one with access to those tools. Since you're not, no. Besides, Big Data is not in any way a new thing.
by KyleAAA
Tue Dec 15, 2015 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a BMW i8 priced at ~150k?
Replies: 64
Views: 4916

Re: Can I afford a BMW i8 priced at ~150k?

You'd probably have more fun in a Miata anyway.
by KyleAAA
Tue Dec 15, 2015 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: [Intending to drop international funds]
Replies: 70
Views: 7545

Re: I've been duped by index investing it seems.

Go back a little further and you'll see international out-performed domestic for a good little while. Don't try to time the market.

https://content.sharefc.com/sites/clien ... ntent=8353
by KyleAAA
Sun Dec 13, 2015 11:31 am
Forum: Personal Consumer Issues
Topic: Where to Rent a Honda Accord
Replies: 25
Views: 2005

Re: Where to Rent a Honda Accord

Just don't let them sell your car while you're test driving the new one. It happened to a friend's parents. Needless to say they weren't too particularly happy about that. They ended up getting a steep discount on the car and a free extended warranty. How can they do that? This sounds like an "...

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