Search found 194 matches

by TigerNest
Sun Feb 05, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 4588

Re: Do you account for likely life expectancy in retirement?

I plan to purchase an annuity at age 80 or 85 to cover all comfortable expenses (when added to social security). I can't have much actuarial life left at that point, but it should provide comfort and safety if I an blessed enough to be in the long tail.
by TigerNest
Sat Feb 04, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 61
Views: 4731

Re: Does anybody else out there still pay for an email address?

Tabulator wrote:I will never use free mail. It "bogles" my mind that so many people, apparently, are unwilling to pay less than 1.70 USD per month for quality mail hosting.


What benefits do you get for a paid service that you don't get from gmail?
by TigerNest
Sat Feb 04, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 3929

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

Yeesh, 0.99% for 30 years. I'm reminded of this xkcd:

Image
by TigerNest
Thu Jan 19, 2017 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 1774

Re: Would you switch investment advisor to save $3000+/yr?

$3,000 is $3,000. It's a lot of money. It doesn't matter how much it is as a percentage of AUM. Think about it as a percentage of your year it would take you to earn that much post-tax.
by TigerNest
Tue Jan 17, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 2133

Re: When is a 401k not worth it?

The S&P 500 fund is a very good choice. Invest your US equity allocation in that, and then consider all your assets holistically: use funds outside of the 401(k) (IRAs or taxable) to invest in bonds and international stocks. All that said, remember that once you leave your job, you can always ro...
by TigerNest
Mon Jan 16, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Job - New 401k
Replies: 4
Views: 362

Re: New Job - New 401k

If you have funds in other accounts (old 401(k)s, IRAs, taxable brokerage) you can always invest in international funds there, and not choose an international fund in this 401(k).
by TigerNest
Mon Jan 09, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 12918

Re: I'll never save a 20% down payment. Rent for life?

OP, since you're a police officer, look into a 'Good Neighbor Next Door' mortgage: https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/gnndserv https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot https://portal.hud.gov/hudportal/HUD?src=/pro...
by TigerNest
Fri Dec 30, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Give $ money gift to earning child, who moves it to roth?
Replies: 9
Views: 710

Re: Give $ money gift to earning child, who moves it to roth?

Fair point. I was referring only to federal taxes.

If you can gift away more than $11 million, I'd say that qualifies. :)
by TigerNest
Fri Dec 30, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Give $ money gift to earning child, who moves it to roth?
Replies: 9
Views: 710

Re: Give $ money gift to earning child, who moves it to roth?

You can gift as much as you'd like to your son, tax free. Neither of you will ever be taxed on it unless you're absurdly wealthy. ⋅ If the gift is under $14,000 in a year, you don't have to tell anyone. That's $28,000 for a married couple. ⋅ If it's over $14,000, you'll have to r...
by TigerNest
Fri Dec 30, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Switch From Bonds To CD's In My Ret. Acc.
Replies: 7
Views: 930

Re: Should I Switch From Bonds To CD's In My Ret. Acc.

By drawing down I mean taking approx 10% a yr. I am thinking of a two year CD for the Bond portion just to step away from the Bond market until things (interest rates) are a little clearer. The bond market and interest rates won't be clearer in two years. This is about as clear as it gets. Folks ha...
by TigerNest
Thu Dec 29, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 4489

Re: All your eggs in one basket vs. concern about being hacked?

I strongly recommend asking Vanguard to enable two-factor authentication on your account: https://personal.vanguard.com/us/insights/article/security-codes-112015 Logon security codes: An added layer of security NOVEMBER 13, 2015 The security of your accounts and personal information is paramount at ...
by TigerNest
Wed Dec 14, 2016 3:13 am
Forum: Investing - Theory, News & General
Topic: Got cash - what to do?
Replies: 9
Views: 1837

Re: Got cash - what to do?

So what does one do if they believe a recession is going to happen? Do we ever hold more cash? The 2008 financial crisis happened over eight years ago. In every year since, folks have come up with theories and predictions about the likelihood of another big recession, a bond market crash, hyperinfl...
by TigerNest
Tue Nov 15, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 13417

Re: Muni bonds are getting killed. Are you bailing out?

Honestly, yes. I just sold our entire position today. I've always been able to stay the course, but today was different. I know it's a fallacy, but I think of our municipal bonds in a separate 'bucket' from our retirement funds. We're in our mid-30s, with plenty of time until retirement. I am able t...
by TigerNest
Sun Sep 18, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Education cost and kids
Replies: 64
Views: 5212

Re: Education cost and kids

My wife and I are your age, with our first child on the way. Our parents paid for our undergraduate educations. We intend to pay it forward and do the same for our kids. We both paid for our graduate schools ourselves (MBA and Law School). We'll probably expect our children to pay for their own if t...
by TigerNest
Wed Sep 07, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 20410

Re: Prospective Employer Wants Salary History & Desired Salary

I've always said "My employer has asked me to keep compensation information confidential, and I want to respect their wishes. What range of compensation do you expect to provide for this role?"

This has always worked for me. The employer should always provide the first number.
by TigerNest
Sat Aug 20, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1526

Re: Credit Card Fraud: How many times is 'normal'?

I've never encountered fraud in 10+ years of using a credit card for nearly everything... I guess I've been lucky.
by TigerNest
Mon Jun 20, 2016 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Can we/Should we buy this house (SF Bay Area)
Replies: 54
Views: 5910

Re: Can we/Should we buy this house (SF Bay Area)

Please do seriously consider earthquake insurance, and double check the maps to make sure you're not buying in a high-risk zone (i.e. liquefaction). There's a 70%+ chance the Bay Area will be hit with a 6.7+ earthquake in the next 30 years. The magnitude could be severe. The 1906 earthquake was a ma...
by TigerNest
Thu Apr 28, 2016 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond vs Municipal Bond Funds
Replies: 66
Views: 8690

Re: Total Bond vs Municipal Bond Funds

I consider the stable value of a CD to be a bit of a mirage. Its intrinsic value is impacted by interest rates just like publicly-traded bonds, but we can't see it because it's not publicly traded. If you've locked in your money in a CD for 10 years at 3%, and then interest rates suddenly jump to 7%...
by TigerNest
Thu Apr 28, 2016 2:14 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 55
Views: 8265

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

• The Department of Labor (DOL) and the Internal Revenue Service (IRS) require any employee 401(k) contribution deposited later than 7 days (if you have less then 100 employees) and 15 days (if you have 100 employees or more) after paycheck date to be ‘made whole’ by calculating and paying interest...
by TigerNest
Thu Apr 28, 2016 1:42 am
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 55
Views: 8265

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Thank you all so much for the updates. I really appreciate it! As an update of my own, it looks like my March 15 contribution was finally invested on April 20(!!), with an April 19th price. The market is up 4.7% + dividend during that time, but at least the contribution isn't in limbo anymore. Actua...
by TigerNest
Mon Apr 18, 2016 10:58 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 55
Views: 8265

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

Thanks moorefd3. The transaction report link worked, so I can finally see my statement details. It looks like they only report out to 3 decimal places now. For those of you who have noticed the skimming, could you provide more details on which numbers are off? Sure, I'll give a real example: ⋅&...
by TigerNest
Sun Apr 17, 2016 7:10 pm
Forum: Investing - Theory, News & General
Topic: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems
Replies: 55
Views: 8265

Re: Avoid Ubiquity Savings as 401(k) provider until they fix Mar/Apr 2016 problems

However things are still off in spooky ways. Account balances are all displaying incorrectly. The totals displayed are off by a few cents on every transactions. It looks like rounding errors but still not acceptable. This has been the case with every transaction I've made with them for the past two...
by TigerNest
Sun Feb 28, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.
Replies: 24
Views: 3129

Re: Could lending club be a Ponzi scheme, evaluating Risks other than typical loan defaults with p2p.

Yes, as a publicly listed firm its audited annually. Deloitte & Touche just gave LC's financial statements a clean bill of health last week:

http://edgar.sec.gov/Archives/edgar/dat ... C552D63026
by TigerNest
Wed Feb 10, 2016 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Plan on your Credit Card Getting Hacked once a year....Some Tips....
Replies: 72
Views: 6246

Re: Plan on your Credit Card Getting Hacked once a year....Some Tips....

3. Froze all credit reports so no one can open credit using my data. remomnyc, I've been considering freezing mine as well. Any regrets or issues you've encountered as a result of the freeze? No regrets here. I froze mine seven years ago. I've only had to lift it twice: starting a new job and signi...
by TigerNest
Fri Sep 11, 2015 1:03 am
Forum: Investing - Theory, News & General
Topic: Will the refugee crisis drag European economies down long term?
Replies: 16
Views: 1773

Re: Will the refugee crisis drag European economies down long term?

183,000 refugees going to the EU / 503 million citizens in the EU = +0.04% increase in the population
by TigerNest
Fri Aug 07, 2015 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Get to 2.4 million in 10 years
Replies: 22
Views: 5089

Re: Get to 2.4 million in 10 years

Why are you filing separately? Rarely is that advantageous. That was my thought too. "Married Filing Separately" isn't the same as both of you filing as Single filers. You usually see a much higher tax bill because MFS often don't qualify for the same tax breaks as the other filing status...
by TigerNest
Fri Apr 17, 2015 10:13 am
Forum: Forum Issues and Administration
Topic: Abbreviation: "OP"[? = "Original Poster"]
Replies: 14
Views: 2150

Re: Abbreviation: "OP"

What about "DW"? From the context, it sounds like it means spouse, but for the life of me I can't figure out what it stands for.
by TigerNest
Wed Feb 25, 2015 3:05 am
Forum: Personal Consumer Issues
Topic: Buying a home in SF Bay Area [Dumbo]
Replies: 79
Views: 7732

Re: Buying a home in SF Bay Area

And what about Earthquake insurance? http://www.wsj.com/articles/study-bolsters-view-that-san-francisco-area-is-due-for-big-earthquake-1413234343 The U.S. Geological Survey has said there is a 63% chance of one or more quakes with a magnitude of 6.7 or larger striking the Bay Area in the next 30 yea...
by TigerNest
Mon Feb 09, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Pay Off Home in SF?
Replies: 10
Views: 1278

Re: Pay Off Home in SF?

Great question. I've often wondered about this, and I'd also like to know the answer. Does the mortgage have a 'force majeure' clause? What happens to the mortgage if the house is completely destroyed? How expensive is earthquake insurance annually on a $1M house? Do most of your neighbors buy it?
by TigerNest
Mon Feb 02, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Crispin Odey's warning
Replies: 15
Views: 2672

Re: Crispin Odey's warning

nisiprius wrote:Between the folks who say governments control interest rates and those who say governments are powerless to affect interest rates, a feller don't know what to think.


Especially because the two views are often expressed by the same person.
by TigerNest
Sat Jan 24, 2015 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k - What Next?! Backdoor Roth sounds complicated....
Replies: 18
Views: 2113

Re: Max 401k - What Next?! Backdoor Roth sounds complicated

I don't have a Traditional IRA, but I have a Rollover IRA. Does that count as a traditional IRA when running the numbers on whether one can/should do a backdoor Roth?
by TigerNest
Tue Jan 13, 2015 10:30 am
Forum: Investing - Help with Personal Investments
Topic: How does a Boglehead handle stock options?
Replies: 29
Views: 3135

Re: How does a Boglehead handle stock options?

We are creatures of habit.

If you had $100,000 in cash, would you use it to buy the options you have right now?
by TigerNest
Fri Jun 20, 2014 3:03 pm
Forum: Investing - Theory, News & General
Topic: Do you see profit or ponzi?
Replies: 109
Views: 13563

Re: Do you see profit or ponzi?

Hmmm something is fishy. 2011 2012 2013 1st Q 8.31% 6.38% 5.52% 2nd Q 8.36% 7.41% 6.73% 3rd Q 8.61% 7.34% 7.11% 4th Q 7.96% 7.00% 6.08% 500 index admiral 11, 12, 13 1stQ 5.9% 12.57% 10.6% 2ndQ 0.1% -2.75% 2.9% 3rdQ -13.87% 6.34% 5.23% 4thQ 11.81% -0.39% 10.5% I didn't add it up. Thats not what caug...
by TigerNest
Tue Jan 21, 2014 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: RE: asked for salary at new job
Replies: 14
Views: 2426

Re: RE: asked for salary at new job

"I signed a non-disclosure agreement with my current (former) employer. My salary compensation was considered confidential - thus I am unable to discuss the specifics." Many people do in fact have non-disclosures with employers and salary is considered by most employers and many employees...
by TigerNest
Wed Jan 01, 2014 2:04 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 537
Views: 24405

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2180.

We're in for a good year.
by TigerNest
Thu Dec 12, 2013 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 9980

Re: How to respond to request for current salary in an inter

Another good response: "What is the range and average salary for this type of position in your organization". If they refuse to answer - you can politely indicate the hypocrisy of such a question. While I agree with the sentiment, this is unnecessarily antagonistic, especially in an inter...
by TigerNest
Tue Jul 16, 2013 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Feeling trapped in a dead-end finance job
Replies: 28
Views: 4103

Re: Feeling trapped in a dead-end finance job

I was in a very similar position to you a few years ago. I graduated from an ivy with a similar GPA. I’m 30 now, doing corporate development and M&A. The degree has definitely been an asset, and the GPA has barely mattered. No one ever asks for my GPA, but the name recognition definitely helped ...
by TigerNest
Sat Jul 13, 2013 2:15 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k
Replies: 3
Views: 349

Re: Roth 401k

Are the companies contributions taxed the same as mine before they go into the account? Do you mean the match? A company match is (usually) pre-tax, non-Roth, even if you contribute to a Roth. It's kept in a separate account. Can I roll the existing traditional 401k into the Roth 401k a little at a...
by TigerNest
Sun Mar 31, 2013 11:35 am
Forum: Investing - Help with Personal Investments
Topic: School Loans, IRA, Vanguard, OH MY!
Replies: 35
Views: 2499

Re: School Loans, IRA, Vanguard, OH MY!

As an aside, revisit your choice to file as "Married filing separately." It is almost never a good choice. It's not the same as filing Single. The status is really only useful for couples in the midst of a divorce or some weird situations to take advantage of itemized deductions like medic...
by TigerNest
Sat Mar 02, 2013 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation thought with over 100K in student loans
Replies: 16
Views: 1418

Re: Asset allocation thought with over 100K in student loans

Frame the question differently: if you had no debt and $22k in your retirement account, how much cash would you borrow at fixed 2.875% interest in order to invest it? It's the exact same question, but re-framing it helps address our natural tendency to irrationally prefer the current situation to al...
by TigerNest
Fri Sep 28, 2012 12:49 am
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 56
Views: 10446

Re: How much you need to save as multiple of salary

wrysys wrote:Your income grows 1.5 percentage points faster than inflation each year.

That'd be nice. :|
by TigerNest
Mon Sep 03, 2012 10:10 am
Forum: Investing - Help with Personal Investments
Topic: I have ROTH 401k option through work but numbers dont work!
Replies: 15
Views: 2855

Re: I have ROTH 401k option through work but numbers dont wo

Here are my reasons for using a Roth: ⋅ A Roth 401(k) lets you shield relatively more of your salary, since the 17k limit is the same both before and after taxes ⋅  It also makes sense for people that expect to have pensions, second jobs, or other forms of income when they retire...
by TigerNest
Wed Jun 13, 2012 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 21105

Re: Ivy League Myths Uprooted

When I was 18, I had to choose between a full scholarship to my state school (a very good one) and Princeton. I chose Princeton. In a different thread, Texasdiver mentioned that an ivy league degree matters a lot for certain jobs with high social barriers to entry like law, business, finance and aca...
by TigerNest
Tue May 22, 2012 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Facebook -- what if instead
Replies: 11
Views: 1134

Re: Facebook -- what if instead

I'm not sure I understand the problem. The role of the IPO is to raise cash for as little dilution as possible, right? The bankers seem to have done a great job, at least from Facebook's perspective. It's not like investors weren't told of the risks. If I were a company like LinkedIn, and saw my sto...
by TigerNest
Mon May 21, 2012 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: CPA exam
Replies: 39
Views: 5865

Re: CPA exam

I plan on taking REG/AUD in August. I'm only using Wiley. Keep us posted on how it goes!
by TigerNest
Sat May 19, 2012 7:20 pm
Forum: Personal Consumer Issues
Topic: Could you realistically make more after-taxes abroad?
Replies: 42
Views: 4430

Re: Would you make more after-taxes abroad?

Probably not, for salary reasons - especially opportunities for salary growth. I'm in finance, so there aren't too many places out there to choose from other than New York and London. I have no Asian expertise (Tokyo, Hong Kong, Singapore), and other financial centers (Zurich, Frankfurt, Toronto, Pa...
by TigerNest
Tue Apr 03, 2012 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend to get taxes done?
Replies: 86
Views: 5814

Re: How much do you spend to get taxes done?

In 60 years of paying taxes, I have not paid anyone to complete my returns including complicated ones with tax shelters and multiple stock trades. I preferred to learn the tax codes so I could do it myselt. Actually, I enjoyed learning to do it. Yeah, I know I'm weird. When tax preparing software c...
by TigerNest
Fri Mar 30, 2012 4:26 pm
Forum: Investing - Theory, News & General
Topic: How you got to be a Boglehead, with a twist
Replies: 42
Views: 3331

Re: How you got to be a Boglehead, with a twist

I was very lucky. My first Finance class in college was taught by Burton Malkiel, so I got a semester's worth of the passive investing philosophy drilled into me before I even knew what a mutual fund was.
by TigerNest
Mon Feb 20, 2012 12:29 pm
Forum: Investing - Theory, News & General
Topic: country "collapse" and silver gold coins?
Replies: 50
Views: 3920

Re: country "collapse" and silver gold coins?

In the Argentine crisis, people switched to US Dollars as much as they could. Argentina and Russia have more physical dollars per capita than anywhere else in the world. Zimbabweans used the rand, euro, US dollar, and anything else they could get their hands on, including gold and silver, but those ...
by TigerNest
Thu Feb 09, 2012 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Bonus into 401K pre-Tax and avoid withholdings?
Replies: 30
Views: 14827

Re: Bonus into 401K pre-Tax and avoid withholdings?

Do you have a company match? From what I understand, in some companies, you only get the match on a per paycheck basis. Say you get 100% match for the first 6%. Is it the first 6% of each paycheck or 6% of your total salary? Yeah, my company's like that. Because of the way my company matches contri...

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