Search found 138 matches

by NYC_Guy
Sat Oct 14, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: X times salary, backwards calculation?
Replies: 23
Views: 2144

Re: X times salary, backwards calculation?

Hi all: I'm trying to determine if there is a backward applicable formula to arrive at how much retirement savings one should have. For example, if a rule of thumb is that one should have 12X annual salary to retire at 65, what is the ratio for each year EARLIER one would like to retire? If I'm goi...
by NYC_Guy
Wed Oct 11, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Pro and cons of the Prime offer by Amazon.......
Replies: 39
Views: 3630

Re: Pro and cons of the Prime offer by Amazon.......

We probably receive 75 - 100 packages per year from Amazon. We also use the Pantry service. Almost all of my electronics, tools and general household items come from Amazon. Prime is a great deal for us. And the music/video streaming is a big bonus. So much so that I dropped Netflix and Sirius inter...
by NYC_Guy
Tue Oct 10, 2017 12:04 pm
Forum: Investing - Theory, News & General
Topic: Getting deeper small-cap value exposure in taxable is almost free
Replies: 31
Views: 4606

Re: Getting deeper small-cap value exposure in taxable is almost free

Hi NYC_Guy, I realize this thread is 7 months old. But I was digging into some SCV ETF data. I hold SLYV, VIOV, and IJS, in various accounts, for various reasons which make sense to me. SLYV tracks the same index as the other two, no? SLYV has an ER of 0.15%, 10 basis points lower than IJS. Also, t...
by NYC_Guy
Sat Oct 07, 2017 5:37 am
Forum: Personal Consumer Issues
Topic: Best credit cards for our college kids? (credit building)
Replies: 9
Views: 581

Re: Best credit cards for our college kids? (credit building)

I like UNFCU for college kids. I opened an account there and then got a credit card with a $10,000 limit to which I added both my college age children as authorized users. Their credit card is a true Chip+PIN card (first priority is PIN). That was super handy for both of them when they studied abroa...
by NYC_Guy
Sat Sep 23, 2017 7:16 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 11601

Re: Lifestyle Creep

Thanks in advance for anything you share here! I have renewed interest in learning about and increasing my own awareness of lifestyle creep. I am hoping others will share personal situations where they experienced or resisted this issue. What have you dealt with? What creep came into your life that...
by NYC_Guy
Sat Sep 23, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: Anyone used Amazon to buy household goods
Replies: 26
Views: 1900

Re: Anyone used Amazon to buy household goods

Have you used Amazon to buy household goods? (We have Prime so we get free shipping.) Do you think you can save money on things like laundry detergent and papers towels, etc? Thanks in advance! If it has a lot of water in it (drinks, liquid detergent, etc), my wife usually buys from Costco. If not,...
by NYC_Guy
Fri Sep 22, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2322

Re: Large Mortgage

I know fixed vs adjustable has been covered somewhat on this forum but wanted to ask about my situation. I am about to take out a mortgage or $2.5M. I can get a fixed 30 year for 3.125% or get 2.5% 7/1 ARM. I calculated that in 7 years I would save about $150k with the 7/1 and could then just pay t...
by NYC_Guy
Thu Sep 21, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1269

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

Teen P., thank you much appreciated. My biggest concern is to refinance and cash out of the equity in my home to shelter it from these calculations. The math dose work if the home equity is part of the "available" funds (inclusive of policy fees and commissions). If home equity is not considered it...
by NYC_Guy
Thu Sep 21, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24005

Re: I won the Lottery. Need sound advice.

I am just over 40 years old. We have 2 children who have about 10-15 years before College. I'd like to fund about 75-80% of their college education. I don't want to give them a "free ride", I'd like my kids to learn the value of money, and work for it. Comedic genius. :D Almost every sentence in yo...
by NYC_Guy
Thu Sep 21, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1269

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

TBA, The situation you are in matches exactly the reason I came to Bogleheads to ask essentially the same question you did. I was ready to cash in $350k in US Savings bonds and put them with a "College Financial Planner" who had set up a Whole Life policy for my wife. The insurance company nurse ha...
by NYC_Guy
Thu Sep 21, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1269

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

I have a child that is looking to attend an elite school. I have about $50K in a 529 and additional savings that could be used for tuition. I will not have enough to fully fund the expense. I have been told that I can buy a Life insurance policy and stash cash in the "account" and that this cash wi...
by NYC_Guy
Mon Sep 18, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3175

Re: Take The Lump Sum or The Immediate Annuity?

I have to make a decision shortly to take my pension plan as a lump sum of $197,800 or an immediate annuity for myself of $1,170/mo. Looking at Vanguard's annuity calculator they offer $1,085/mo. I'm 65 in good health, married to a 60 wife, no children, both retired and taking social security at 70...
by NYC_Guy
Fri Sep 15, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15326

Re: Let's talk about your FI # and family income

Yep, it is all about expenses and almost nothing to do with family income. And I'll throw out another twist: I think in 2006 our investable assets were about 6X family income and we could have been considered financially independent (we know how to live well below our means). But 2008-2009 our inve...
by NYC_Guy
Tue Sep 12, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20060

Re: Iphone X is $1000

investing1012 wrote: ↑
Tue Sep 12, 2017 1:59 pm
Holy $$$, Iphone X is $1000
Seems reasonable for the most important device/tech I have. I'd give up my car before I give up my smartphone.
by NYC_Guy
Wed Aug 23, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: When have you achieved financial independence?
Replies: 27
Views: 4265

Re: When have you achieved financial independence?

Props to you for spending $24k a year. We spend more than that a month. Good on you! :sharebeer :shock: How? Now I have two young kids, I'm seeing the effects of lifestyle creep first-hand. Please share your experience so I know what to expect in the future. HCOL area, a couple of expensive vacatio...
by NYC_Guy
Sat Jul 22, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Teenager taking out loans to establish good credit
Replies: 24
Views: 1521

Re: Teenager taking out loans to establish good credit

+1 to everything. Add, pay the loan monthly and do not let the loan "capitalize" interest. Our CreditUnion Visa card is 7.5%. Avoid more than 33% of CC capacity. Pay at least minimum payment to avoid capitalization of interest Open up a checking account. Get a VisaCard. Use checking account pay Vis...
by NYC_Guy
Sun Jul 16, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help! no access to 401k
Replies: 11
Views: 983

Re: Help! no access to 401k

Whole life is the rich mans garbage pile. These products are absolute junk for everyone. Not true. There's a proper use for them. But you need to have a very specific set of conditions to make proper use of them. WCI has a god set of materials on it. As an aside and to be responsive to the OP, $185...
by NYC_Guy
Thu Jul 13, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10654

Re: Do you count vehicle equity in net worth?

Cars and houses are liabilities, not assets. Even if you sell them, you have to buy or lease replacements. I guess they might be assets after you're dead. I completely disagree with this. I could easily downsize (sell my weekend/vacation house, sell my main house and move to a very nice condo) and ...
by NYC_Guy
Thu Jul 13, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10654

Re: Do you count vehicle equity in net worth?

As the subject says and just curious what the majority is. If you do, where do you draw the line? Count jewelry and other objects? Seems excessive and unnecessary. I've always thought of net worth as most reference it as no more than cash, investments, and home equity. I do. When I buy a car (which...
by NYC_Guy
Mon Jun 12, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: Dehumidifier woes
Replies: 66
Views: 5427

Re: Dehumidifier woes

I use the Sante Fe Classic. Going strong after 9 years.

http://www.santa-fe-products.com
by NYC_Guy
Mon Jun 12, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: 529 for child - Gift?
Replies: 6
Views: 869

Re: 529 for child - Gift?

Gift split with your wife (and file the annual form) and move $28k per year. Or gift split with wife and use the special five year rule for 529s to move it all now.
by NYC_Guy
Thu May 18, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 11803

Re: Question for you high net worth individuals...

I've lost money on real estate. My net worth comes from a high income and a reasonable limitation on my expenses. Savings is the result. The less you make, the more you have to cut expenses to get to the numbers you are talking about. Take, for example, a professional couple in their mid-30s who are...
by NYC_Guy
Tue Apr 25, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: How do you build a house?
Replies: 10
Views: 1752

Re: How do you build a house?

Start with an architect. Decide if you want to pay as a percentage/fixed fee or on an hourly basis. If you need a lot of hand holding, on an hourly basis might be pricey.
by NYC_Guy
Fri Apr 21, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 97
Views: 12881

Re: Single most important investing advice?

If you could identify the single most important investing advice you received or carried out, what would that be? I think mine would be "start investing early". Mine would be "invest in your earning potential". My wealth comes from my earning capacity. Everything else (including...
by NYC_Guy
Fri Apr 21, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Removing a tree - expensive!!!
Replies: 85
Views: 8381

Re: Removing a tree - expensive!!!

We have an old Silver maple that needs to be removed. It is still alive, but not "healthy". It is the last of three still standing, where the other two from when we bought the house 38 years ago have fallen down. I suspect that this remaining tree may be suffering from the same sort of in...
by NYC_Guy
Thu Apr 20, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Which small-cap value index is better?
Replies: 7
Views: 1185

Re: Which small-cap value index is better?

For US investments tilted to small-cap value, I mainly use IJS (S&P small-cap 600 value index) because it invests in somewhat small and value stocks and is "good enough" for a DIY investor who doesn't have access to DFA funds and cares about cost/ tax-efficiency. Which index would be ...
by NYC_Guy
Wed Apr 19, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Chicago NW suburbs to NJ/NY area
Replies: 31
Views: 2812

Re: Moving from Chicago NW suburbs to NJ/NY area

I live in Chicago NW suburbs Software field, I make $150k + bonus. I have 2 offers from from with in our company - one at new jersey for same salary and another at northern NY(weschester county) for an additional 10% salary. Both carry an additional 5% bonus and relocation assistance. So far here i...
by NYC_Guy
Wed Apr 19, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1187

Re: wealthfront and tax loss harvesting

If you own a collection of Vanguard index funds, you will likely experience very small capital gain distributions. In fact, over the last decade or so, I'm not sure I've experienced *any* capital gains distributions from my various Vanguard equity funds. (But don't rely on my memory - better to loo...
by NYC_Guy
Wed Apr 19, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1187

Re: wealthfront and tax loss harvesting

So is it incorrect to say that there is not much tax loss harvesting to do with 3 index funds? I see it if you have tons of individual stocks and can dump the losers at the end of the year but that isn't the case with a 3 or 4 fund portfolio. The basics of my question which no one has really touche...
by NYC_Guy
Wed Apr 19, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: wealthfront and tax loss harvesting
Replies: 13
Views: 1187

Re: wealthfront and tax loss harvesting

Thank you for the reply but I understand the concept of tax loss harvesting but if you have a portfolio that consists of only 3 to 4 index funds is tax loss harvesting actually anything that is substantial in that instance? Scenario #1: You invest 100k in a S&P 500 index fund. It goes up by 10%...
by NYC_Guy
Wed Apr 19, 2017 1:12 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 2419

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

No. But I guess with one exception. If the market is in freefall, and I can manage without the sale and withdrawal, I wouldn't be selling into a major market correction.
by NYC_Guy
Mon Apr 17, 2017 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity equivalent of Vanguard small value index fund
Replies: 9
Views: 887

Re: Fidelity equivalent of Vanguard small value index fund

Can someone please suggest a Fidelity equivalent of Vanguard small value index fund I would like to use a small value index fund in my 401 k with Fidelity I have access to all the fidelity funds through brokerage link but will have to pay extra fees for vanguard funds thanks IJS (Blackrock ETF) sho...
by NYC_Guy
Mon Apr 17, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8296

Re: How much money do you need to generate $50,000 per month?

I know I wouldn't be close to comfortable with a retirement plan that gave me a 40+% chance of needing to cut back expenses (potentially quite significantly). If we assume that they mean they actually want to spend $600k/year, then I'm guessing they have a lifestyle they wish to maintain and don't ...
by NYC_Guy
Mon Apr 17, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8296

Re: How much money do you need to generate $50,000 per month?

$50K/mo = $600K/yr. Using the standard 4% rule, you would need a portfolio of $15M to "likely" never run out. The 4% rule is based on not running out of money in a 30 year period. For periods longer than 30 years, a lower withdrawal rate is necessary to come to the same conclusion. 2.5-3%...
by NYC_Guy
Sun Apr 16, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: General retirement questions
Replies: 24
Views: 3783

Re: General retirement questions

Hi all, hoping to get a little advise and a kick in the right direction. I'm making decent money but I feel I'm lagging a bit in what I could be doing retirement wise. I'm in my mid thirties, married with a family, making around $200k a year. My company gives me 15% of my income in to a retirement ...
by NYC_Guy
Sun Apr 16, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8296

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? That's not an u...
by NYC_Guy
Sun Apr 16, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to generate $50,000 per month?
Replies: 60
Views: 8296

Re: How much money do you need to generate $50,000 per month?

I have a friend who is looking to generate around $50k per month. Let's call it $40k after taxes. In the past it was safe to say you could achieve $50k annually per $1 million invested which would equate to around $12 million or so. I am not sure if this is still the case. Thoughts? Yes, but with a...
by NYC_Guy
Sun Apr 16, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 656

Re: 401K at Fidelity - International SCV and EM Funds/ETF

Gemini wrote:It is a solo 401k. I can purchase any funds or ETFs Fidelity offers.

Ideal would be DISVX, but not avail at Fido.
Thoughts on SCHC or EWX?


IEMG for emerging markets.
SCHC Int SCV, even if it costs $4.95 to trade.

Good luck.
by NYC_Guy
Sun Apr 16, 2017 1:30 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 8000

Re: Is it necessary to diversify across Factors?

...One odd thing to me about this debate is almost everyone here is comfortable with a one-factor model version of all this... That would be incorrect. While CAPM and other models that come out of the EMH school of thought are interesting, not everyone uses that as a reasoning for indexing in a low...
by NYC_Guy
Sat Apr 15, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: Is it necessary to diversify across Factors?
Replies: 123
Views: 8000

Re: Is it necessary to diversify across Factors?

This is a non-issue for most people. For most people, if they invest at all, it is in a 401k or other employer plan, where they just have to pick from the available fund lineup. If they're lucky, they'll find a couple of low cost funds, maybe a large-cap or all-cap domestic fund, maybe even an inte...
by NYC_Guy
Sat Apr 15, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 656

Re: 401K at Fidelity - International SCV and EM Funds/ETF

If it's an employer 401k, you will be limited to the options in the plan, which likely includes non-Fido options, too. Really can't advise without a list of options. If it's a self employed 401k, you should clarify.
by NYC_Guy
Sat Apr 15, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Savings for a 1st/3rd House
Replies: 1
Views: 417

Re: Savings for a 1st/3rd House

So I own two houses. Both are rented and I rent in another state. I'm saving for a house to buy to live in-(not sure which state it'll be in/if I'll move again) Time horizon 1-3 years. I max out 401k and IRA. Efund is sufficient at 1/3 checking 1/3 high yield savings 1/3 stable value fund. Theres a...
by NYC_Guy
Fri Apr 14, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 5267

Re: What do you do with your coins?

Just took $430 in coin to my bank. Walked out with a deposit to my checking account. I don't know, but I guess I think that Money is a function of banks - so they should take my money and deposit it. It took about 2 minutes to count the coins, and that was only because they had to change a bag it d...
by NYC_Guy
Fri Apr 14, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: What do you do with your coins?
Replies: 76
Views: 5267

Re: What do you do with your coins?

My time is worth something, so I'd rather pay the machine the fee to count it than wrap up coins myself and take them to the bank, or figure out the 7-step procedure for getting my bank to take them. I'm sure that will put some diehard BH's nose out of joint, but meh. It is beyond my understanding ...
by NYC_Guy
Thu Apr 13, 2017 10:26 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 4210

Re: Cost Creep and Teen and College Years?

Adding a few things to genxer's good list: Dual credit courses taken in HS can run $200/class; varies by school and region. Sports and activities now cost at most schools, ~200 per term. Not to mention equipment. If kids do get into competitive club sports, you're looking at >2k/yr. Even if they de...
by NYC_Guy
Thu Apr 13, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Cost Creep and Teen and College Years?
Replies: 52
Views: 4210

Re: Cost Creep and Teen and College Years?

OP, It is very simple. Can you say no? 1) I save 30+% of my gross income. I do "Pay Yourself First". If I do not have the money, I could say no. 2) If the children want something beyond what I can or willing to pay for, they have to find and use their own money. We give cash for their bir...
by NYC_Guy
Thu Apr 13, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX vs. IXUS (international ex-US)
Replies: 10
Views: 1008

Re: FTIPX vs. IXUS (international ex-US)

I would not pair IXUS and FTIPX for TLH. If you want to use IXUS (a perfectly good choice if you want to use ETFs), I would pair with FSGDX or FSIVX. So they are too similar for TLH, as I figured. Thanks whodidntante for your feedback as well. Any reasons not to make the switch with new money or TL...
by NYC_Guy
Thu Apr 13, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: FTIPX vs. IXUS (international ex-US)
Replies: 10
Views: 1008

Re: FTIPX vs. IXUS (international ex-US)

I would not pair IXUS and FTIPX for TLH. If you want to use IXUS (a perfectly good choice if you want to use ETFs), I would pair with FSGDX or FSIVX.
by NYC_Guy
Thu Apr 13, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: ~20 year long investing
Replies: 17
Views: 1572

Re: ~20 year long investing

Really curious also what is your profession. Here are my guesses: astronaut, military, working on a ship, CIA spy? Second that. This is a weird, ambiguous post, with lots of spelling and grammar errors by the OP, and sounds like a situation too good to be true. My guess was oil fields in Saudi, Nig...
by NYC_Guy
Wed Apr 12, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: See advice for traveling to NYC on a regular basis
Replies: 14
Views: 1377

Re: See advice for traveling to NYC on a regular basis

You will be driving. There's no train that doesn't take forever (and a day) from Western NY. Maybe flying depending on where you live...but I would drive it. Forever and a day is a bit of an exaggeration. Scheduled Amtrak time from Rochester to Penn Station is about 8 hours . Driving from Rochester...