Search found 272 matches

by TigerNest
Sun May 13, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Quest for the perfect online savings bank
Replies: 18
Views: 2250

Re: Quest for the perfect online savings bank

...I should be able to link the account to my brokerage and checking accounts... The simple solution is just keep cash in your brokerage account. Who needs an extra account for a couple of tenths of a percent on a few thousand bucks? 10k? More? No need to keep too much in cash . Prime Money Market ...
by TigerNest
Sat May 12, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 138
Views: 9784

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

I feel as though now, it is very different than it was even just 3-4 years ago (primarily home prices but add onto that rising interest rates-although still historically low and a minimal factor- and tax laws that disproportionately affect high cost of living areas- ie mortgage interest and propert...
by TigerNest
Sat May 05, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: How do brokerages make $s on cheap index funds?
Replies: 57
Views: 4980

Re: How do brokerages make $s on cheap index funds?

One small way they generate additional money is by lending shares to short sellers.

When someone sells a stock short, they have to borrow it from somewhere beforehand. Index funds often lend shares out and receive a small fee while doing so.
by TigerNest
Thu Mar 29, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9367

Re: What is the endgame for Millennials?

The end game is that we’ll all die out in 2070-2090. :shock:
by TigerNest
Thu Mar 29, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: As a standard employee, I owe a TON this tax season... why?
Replies: 16
Views: 3546

Re: As a standard employee, I owe a TON this tax season... why?

That happened to me the first year my income jumped significantly. I thought I was fine and ended up owing $19,000. I think what happens is that the withholding doesn't take into account some of the ways your taxes rise at higher income like the additional Medicare surcharge after $250,000, the loss...
by TigerNest
Sun Mar 18, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 7995

Re: Incredibly sleazy Northwestern Mutual cold caller

I did not know principal protected structured products are taxed as ordinary income and not capital gains. It makes sense upon reflection.

Interesting transcript, thanks for sharing!
by TigerNest
Sat Mar 17, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 8399

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

This is your wife's boss that's offering to manage your money? What if you are unhappy with his performance - would you feel comfortable removing your assets? I wouldn't do it for that reason alone. But as others have said the rest of the pitch has huge red flags, so there are plenty of reasons to s...
by TigerNest
Sat Mar 17, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: When don't you need LTD?
Replies: 10
Views: 719

Re: When don't you need LTD?

Those premiums seem really expensive for long-term disability.

Do you mean long-term care insurance instead?
by TigerNest
Sun Mar 04, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 853

Re: Solo 401(k) contributions

Her previous employer has terrible options, unfortunately. No index funds, all active funds with expense ratios of 1.4% - 1.9%, and even the government money market fund has an expense ratio of 0.7%. Good point to highlight on the differences in exposure to creditors, though thankfully that's not mu...
by TigerNest
Sun Mar 04, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 853

Re: Solo 401(k) contributions

One more question: can we rollover her old 401(k)s from prior employers into the new Solo 401(k), or would it have to be a separate Rollover IRA account?
by TigerNest
Sun Mar 04, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 853

Re: Solo 401(k) contributions

Thank you for the replies! So I just want to confirm I understand this correctly: Scenario #2: If she makes $20,000 in NABP yer year, she can contribute $18,500 due to the Salary Deferral, and $1,500 in profit sharing. No. The reason a self-employed person calculates their maximum employer calculati...
by TigerNest
Sat Mar 03, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401(k) contributions
Replies: 9
Views: 853

Solo 401(k) contributions

My wife is a 1099 employee for the first time this year, and we’d like to open a retirement account for her. We’ve looked over the options and I think the Solo 401(k) is the best bet. She’s a sole proprietor, and the business is unincorporated; no employees. We are in a high tax bracket due my compe...
by TigerNest
Sat Feb 17, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 71
Views: 8433

Re: $12,000 Refrigerator?

Sometimes stores put a super high priced item on display for psychological purposes, to make the middle priced item feel more reasonable.

If there hadn't been a $12,000 fridge, maybe the $7,000 fridge would've seemed more expensive.
by TigerNest
Sun Feb 04, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford this home?
Replies: 25
Views: 1921

Re: Can I afford this home?

$850k cash + $1,400k brokerage = $2.25M.

So yes, you can afford the house.

If you'd like to borrow money, secured against your house, to invest in stocks and bonds, you can fund part of it the purchase as a mortgage.
by TigerNest
Thu Jan 25, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 8128

Re: How do you decide how wealthy you really are?

tennisplyr wrote:
Thu Jan 25, 2018 8:04 am
They say when the market goes down, you really haven't lost anything until you sell the assets. By the same token, when the market goes up, until you sell, you have nothing in your hands.
And they would be wrong.

For liquid assets, the decision to buy / sell is irrelevant to valuation.
by TigerNest
Mon Jan 22, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard chief says "You will never see a bitcoin fund from us"
Replies: 33
Views: 2946

Re: Vanguard chief says "You will never see a bitcoin fund from us"

Vanguard also doesn't offer a baseball card-based mutual fund either.
by TigerNest
Mon Jan 01, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out 401k Contributions
Replies: 11
Views: 1027

Re: Maxing out 401k Contributions

I've maxed my 401(k) at three employers to date, and at each one Payroll would automatically stop contributions once it hit the max.

As others have said, check the plan doc, and follow-up with your Payroll Department after you put 10% to confirm that they'll stop it once it hits $18,500.
by TigerNest
Mon Jan 01, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 17
Views: 2191

Re: Costa Rica

Enjoy! Costa Rica is a wonderful vacation spot. Flamingo Beach Resort in Guanacaste province is a hidden gem. It has one of the most beautiful beaches we've ever seen, and it is so relaxing. Manuel Antonio is also 'can't-miss.' The wildlife is stunning and plentiful. Lots of monkeys and sloths. We s...
by TigerNest
Tue Dec 26, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I preserve parents’ risky portfolio? Or “disobey” them?
Replies: 74
Views: 5318

Re: Should I preserve parents’ risky portfolio? Or “disobey” them?

Why did the financial advisor quit? I don't think I've ever heard of a financial advisor giving up AUM once they've got their hands on it.
by TigerNest
Thu Dec 07, 2017 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 4184

Re: Should I file taxes w/o her?

If you are married, you are not allowed to file as 'Single.' 'Married Filing Separately' is not the same as filing as two single people. It is a separate category that is subject to significantly higher taxes in almost all cases. You're disqualified from a lot of credits. Unfortunately there isn't r...
by TigerNest
Fri Nov 17, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 11
Views: 1573

Re: Marijuana stocks

These ventures are still illegal under US federal law, so it's very unlikely you'd find a bank that would help bring a company like this to public investors in an IPO. They have a hard enough time opening a checking account. Most of the companies in the space are funded privately, or operate in inte...
by TigerNest
Tue Nov 14, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: places to live near Stanford University
Replies: 35
Views: 3132

Re: places to live near Stanford University

I've been doing some searching on realtor.com. So I'm thinking of even looking at down town San Francisco. I found a 600 sq ft place for 350 K. I do not know the city. Are there some places in the city that are considered unsafe? What areas in downtown are "safe" vs "unsafe"? Even the 350K seemed s...
by TigerNest
Wed Oct 11, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4767

Re: Offensive Valuations

Why in the world would I buy more shares of this "business" (S&P 500) right now, at a multiple of twice the historical average? Enterprise Value/Revenue is higher than historical averages, but 2x is an exaggeration. It's about 50% more right now: http://www.multpl.com/s-p-500-price-to-sales While i...
by TigerNest
Sat Oct 07, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 2081

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

I know someone at a tech company that staggered his paternity leave: 4 weeks when the baby arrived, then 8 more weeks later in the year when the baby was 6-8 months old. You could consider that.
by TigerNest
Mon Sep 18, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Sending USD between banks
Replies: 2
Views: 339

Re: Sending USD between banks

Write yourself a check.
by TigerNest
Mon Sep 18, 2017 12:41 am
Forum: Investing - Help with Personal Investments
Topic: How would you invest this bonus??
Replies: 13
Views: 1459

Re: How would you invest this bonus??

Make sure to understand exactly how your 401(k) matching policy works. Under some plans you have to contribute every pay period to get the most match.
by TigerNest
Fri Sep 15, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: 100k short term park
Replies: 10
Views: 1887

Re: 100k short term park

Consider an online high interest savings account like Ally, Barclays, Capital One or Goldman, which will give you greater flexibility and liquidity than a CD at similar (or maybe even better) rates.
by TigerNest
Wed Sep 13, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Reaching 401k Max
Replies: 15
Views: 1831

Re: Reaching 401k Max

It stops automatically at $18,000. At least it has at my last few employers. I'm not sure if my employer or the 401(k) provider is the one that keeps track of it.
by TigerNest
Tue Sep 05, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Service organizations/Dinner clubs?
Replies: 10
Views: 1270

Re: Service organizations/Dinner clubs?

VictoriaF wrote:
Mon Sep 04, 2017 7:09 pm
Check out meetups in your area, https://www.meetup.com/ .

Victoria
I second this, my wife and I made several good friends this way.
by TigerNest
Sat Sep 02, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Podcast [Looking for suggestions]
Replies: 29
Views: 2953

Re: Podcast

I really like Tyler Cowen's podcast, Conversations with Tyler.

S-Town was also really interesting.
by TigerNest
Wed Aug 30, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 3603

Re: Evaluating new job offer

Choice #3: look for another, better job.

The offer sounds like a lateral move with for less compensation. You have a good job, which gives you the luxury of time in a job search. Find a job that's a real promotion.
by TigerNest
Wed Aug 30, 2017 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Couple in mid-30s looking for financial independence within 10 years
Replies: 34
Views: 7632

Re: Couple in mid-30s looking for financial independence within 10 years

My goodness, $250k in cryto?

You hit the lottery. I'd sell the entire thing and count your blessings.
by TigerNest
Wed Aug 30, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 64
Views: 7480

Re: When to give resignation notice

I am required to give 90 days notice if I intend to leave. However , my vesting ceases at the time I give notice . I am still required to work (at their discretion), but for salary only. Make sure to read the fine print in your employee handbook carefully. The relationship often changes the moment y...
by TigerNest
Mon Aug 28, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: Can stocks or Bitcoin drop to about zero?
Replies: 45
Views: 4705

Re: Can stocks or Bitcoin drop to about zero?

Bitcoin? My speculation is that yes, over a period of week(s) yes it could go to zero or very low. Many things could cause this but most likely govt action (to me this is the single greatest threat as it is a govt's role to issue currency). I agree with everything you said except this. By its very ...
by TigerNest
Sat Aug 12, 2017 2:42 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16858

Re: What Percentage CASH are you?

We're in our mid-30s, and 40% of our assets are in cash + short-term CDs. That's our emergency fund + saving up to buy a house, which we hope to purchase in the next ~2 years. The rest is in retirement accounts with 75%/25% stock bond split.
by TigerNest
Sat Jul 29, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 179
Views: 20736

Re: Tesla - next big lottery ticket ?

Tesla was a lottery ticket until early 2013. It's now worth $55 billion, more than Ford ($44 billion) and GM ($52 billion). For you to jump from "$350 a share to $1000 in less than a decade", Tesla would have to increase in value to $157 billion, which is about what Ford, GM, Honda and Mitsubishi co...
by TigerNest
Sat Jul 22, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 13998

Re: What's your personal savings rate?

Last year: 43% Savings / 38% Taxes / 19% Spending
This year (so far): 43% Savings / 35% Taxes / 22% Spending
by TigerNest
Sat Jul 22, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Health Insurance Around Child birth to reduce costs
Replies: 25
Views: 2338

Re: Changing Health Insurance Around Child birth to reduce costs

Congratulations! I don't want to worry you, but be prepared for things to not go as planned. 1 in 8 babies are born prematurely in the US, and 10% - 15% of babies spend time in the NICU (neonatal intensive care unit). We had a perfectly normal pregnancy up until birth (full term). We then had an unp...
by TigerNest
Sat Jul 22, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k
Replies: 3
Views: 437

Re: Roth 401k

Welcome to the site, DoubleR. I also recommend reading the wiki. Basically they should be equivalent if your current marginal tax rate is the same as your marginal tax rate in retirement (i.e. you either pay 28% now or in the future). If there's a divergence then one is better than the other. A few ...
by TigerNest
Fri Jul 21, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash to hold for ~2-4 yr home buying time horizon
Replies: 12
Views: 1339

Re: How much cash to hold for ~2-4 yr home buying time horizon

We're hoping to buy a 2br/1ba for about $1M And this is why we can't bring ourselves to settle down in the Bay Area. For a million dollars I'd want a second bathroom! :shock: The brokerage is already quite liquid, but it's risky. You should gauge whether it's ok for it to be +/- $50k by the time yo...
by TigerNest
Thu Jul 20, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 8826

Re: Would you let your teenager spend all his savings on a gaming computer?

Also, as an aside, I tried to get back into some light gaming recently. There are few if any wholesome/family friendly games. It became an issue of having to keep it on "mute" even in a WW1 combat game, about every other word your fellow soldiers shout in game is foul language. The most popular gam...
by TigerNest
Wed Jul 19, 2017 9:12 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 8826

Re: Would you let your teenager spend all his savings on a gaming computer?

Honestly, I'd not only let him do it, I'd encourage it and learn how to do it with him. Building a computer is a great learning experience. You learn how all the parts work and fit together. You can save money in the long run by buying quality parts that last and replacing things like graphics cards...
by TigerNest
Wed Jul 19, 2017 1:44 am
Forum: Investing - Theory, News & General
Topic: Expense Ratios, how high is too high
Replies: 72
Views: 5854

Re: Expense Ratios, how high is too high

The cheapest fund in my wife's 401(k) is 1.4%. :| All actively managed, no index funds of course.
by TigerNest
Tue Jul 18, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 7265

Re: Investment advice for $4 million - can I do all stocks?

Our current assets are: 401-Ks: $1,000,000 Stocks: $1,000,000 I feel like those numbers will both likely double over the next 10 years, but even if they don’t and say worst case they don't move at all, with $2,000,000 saved and $70,000 in social security we'd get by fine. 0% return is by no means t...
by TigerNest
Sat Jul 08, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: What to wear for job interview - skip the tie?
Replies: 53
Views: 5866

Re: What to wear for job interview - skip the tie?

I'd wear the tie. Your shirt collar might be too tight if you hate ties that much. Go to a suit store and buy a white collared shirt with a wider collar. Neck collars go up in 0.5 inch increments (i.e. 15" to 18"). You should be able to button the top button comfortably. Your tie doesn't need to be ...
by TigerNest
Sat Jun 17, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Risk on or Risk off? An NYU professor's take
Replies: 5
Views: 1435

Re: Risk on or Risk off? An NYU professor's take

Glassman and Hassett first wrote an article in 1999 called "Stock prices are still far too low," and followed it up in 2000 with a book called "Dow 36,000," which said "A sensible target date for Dow 36,000 is early 2005, but it could be reached much earlier." And one of the author of that book, th...
by TigerNest
Sat Jun 17, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3982

Re: Example of why this forum is so good

That is a great quote. Thank you for sharing.
by TigerNest
Sat Jun 17, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 25008

Re: Siblings in disagreement over mom's house.

What if you take out a line of credit and use that cash to buy out the parties that don't want to own it? The ones that do want to own the house are left with a reasonable mortgage payment.