Search found 215 matches

by TigerNest
Fri Apr 21, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 24683

Re: Age when you started to max out your retirement accounts?

I was 25. I realized I hadn't started saving for retirement yet, and it was the final goal of a broader 'get your financial act together' period in my life. It was 34% of my gross salary at the time, so I was quite proud.
by TigerNest
Wed Apr 19, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6499

Re: Did anything surprise you in your 2016 taxes?

We had a baby last year, but we did not get the famous tax break at all -- the individual deduction was completely phased out!
by TigerNest
Tue Apr 18, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Is all the money flowing into index funds bad?
Replies: 21
Views: 3000

Re: Is all the money flowing into index funds bad?

The one issue I see is a bit extraneous. With index funds, who or whom exercises the voting rights of the shares of the companies owned by the index fund? I'm assuming no one. This would take time and effort on the part of someone to research and place votes. With no one exercising the voting right...
by TigerNest
Thu Apr 06, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 3960

Re: Any reason NOT to do a backdoor Roth IRA?

To be honest, I know it's very popular and common, but I don't do it because I feel like it violates the spirit of the law and I'm not convinced it's quite legal.
by TigerNest
Thu Apr 06, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10291

Re: High Income earners, whats your Tax Strategy?

jambadoc wrote:I think the Roth 401(k) will be better in the end (assuming it doesn't end up means-tested or something like that).


Another poor scenario for a Roth would be if in 30 years the US chooses to rely less heavily on income taxes and instead shifts to consumption taxes like a VAT or sales taxes.
by TigerNest
Wed Apr 05, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's 6 best money and career tips for young people
Replies: 9
Views: 1656

Re: Jack Bogle's 6 best money and career tips for young people

Wow, he had a heart attack 57 years ago and is still chugging along. God bless modern medicine.
by TigerNest
Wed Apr 05, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your definition of 'Savings'?
Replies: 25
Views: 1506

Re: What is your definition of 'Savings'?

Whatever I don't spend or pay in taxes.
by TigerNest
Wed Apr 05, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: How best to handle disrespectful employee?
Replies: 40
Views: 3563

Re: How best to handle disrespectful employee?

Redefine 'sale', and make it clear that the 'sale' isn't complete unless a new client is onboarded appropriately. Make sure the definition is reflected in the commission structure.
by TigerNest
Wed Apr 05, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10291

Re: High Income earners, whats your Tax Strategy?

I wish we had a better one. :-/ Our 2016 effective tax bracket was 38.2%, and our marginal tax rate is 51.8%. Such is life in the Bay Area. I max out my 401(k), but my wife doesn't have access to one at work. We can't afford a house yet, California 529 plan contributions aren't tax deductible, and a...
by TigerNest
Mon Apr 03, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Law school-most cost efficient, yet quality, way to get Real Estate law degree?
Replies: 37
Views: 2509

Re: Law school-most cost efficient, yet quality, way to get Real Estate law degree?

Talk to some local lawyers at firms you'd like to work at after law school. Look them up on their websites, give them a call, tell them you're interested in a legal career, and offer to buy them lunch to hear some advice. Find out what kind of people they hire and from what schools they recruit, the...
by TigerNest
Sat Apr 01, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 7019

Re: Is anyone decreasing % of bonds this year?

silverskates wrote:I was channel flipping the other night and came across Suze Orman saying "no" to bonds. She's all for 100% stocks.


I would consider that a contrary indicator.

25% bonds is a perfectly reasonable allocation for a couple in their 40s.
by TigerNest
Fri Mar 31, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10860

Re: Currently have $700,000 at 26 years old get $100,000 a year

I read the thread on "illusion of poverty" and "illusion of wealth" and I may have the "illusion of poverty" I have this fear like what if the markets go down and stay down. I'm very afraid of the system no longer working for investors, not saying this would happen or ...
by TigerNest
Fri Mar 24, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 54
Views: 3884

Re: The Sweet Spot for Yearly Car Costs

I bought a nice new Toyota Corolla for $15,500 off the lot, drove it for a little over 10 years, and sold it at Carmax for $6,000 in 2014. So that's $950 a year, plus routine maintenance.
by TigerNest
Fri Mar 24, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: So why exactly is everyone gloomy about bonds?
Replies: 34
Views: 4295

Re: So why exactly is everyone gloomy about bonds?

⋅ After taxes and inflation, your real return for safe bonds is likely negative. So you're locking in a small loss in real terms. This is not an attractive investment in normal times. ⋅ That assumes inflation will continue at historic lows. If inflation increases, the value of l...
by TigerNest
Mon Mar 06, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Please hold my hand first few transactions at Schwab
Replies: 5
Views: 461

Re: Please hold my hand first few transactions at Schwab

As others have said, Schwab's customer service is great. I've never been to a Schwab branch, but their phone help is consistently excellent. They walked me through my first ETF purchase back in the day. I recommend giving them a call.
by TigerNest
Sun Mar 05, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Describe your Reasonable Dream Home
Replies: 51
Views: 3358

Re: Describe your Reasonable Dream Home

⋅ Great public schools nearby ⋅ Short commute to work for me and my wife ⋅ Little traffic/safe for my kids to play outside ⋅ Friendly neighbors, while still having some privacy ⋅ Yard/ close to some nature it feels like a bit of a pipe dream, I'm af...
by TigerNest
Sun Mar 05, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: Where do you order checks from?
Replies: 57
Views: 3581

Re: Where do you order checks from?

Learn something new every day. I didn't realize you could get checks from anywhere other than your financial institution. :)
by TigerNest
Sat Mar 04, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5309

Re: Windfall: should we pay cash for ~$1.3M home?

I believe SF Bay area property owners excessively discount earthquake risk. Insurers understand this, hence the high premiums and $100,000 deductibles on earthquake insurance. I wouldn't tie up most of my assets in a home in this area. But on the other hand, a $1.3M three bedroom is probably 0.2-0....
by TigerNest
Sat Mar 04, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5309

Re: Windfall: should we pay cash for ~$1.3M home?

I believe SF Bay area property owners excessively discount earthquake risk. Insurers understand this, hence the high premiums and $100,000 deductibles on earthquake insurance. I wouldn't tie up most of my assets in a home in this area.
by TigerNest
Sat Mar 04, 2017 12:57 am
Forum: Personal Consumer Issues
Topic: Starting a company for first time at age 50
Replies: 14
Views: 1413

Re: Starting a company for first time at age 50

Congratulations! That's very admirable. Note that entrepreneurs are older than most think! The Kauffman Foundation found that high growth start-ups are nearly 2x as likely to be launched by someone age 55+ than age 20-34, and that the average age of a startup founder is 40. The most important parts ...
by TigerNest
Thu Mar 02, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: New YouTube TV Service $35 per month
Replies: 43
Views: 4624

Re: New YouTube TV Service $35 per month

We have a Roku and love it. With Netflix, HBONow, and Amazon there's always a great show to watch. We haven't subscribed to cable in many years (we are in our early/mid 30s). It's nice to see the skinny bundles, but upon reflection I realize I'm not going to subscribe because I'm no longer intereste...
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: 4888

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: 5094

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: 4216

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: 1862

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: 2233

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: 385

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: 13355

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: 752

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: 752

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: 955

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: 4728

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: 1894

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: 14138

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: 5469

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: 20981

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: 1674

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: 6067

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: 9019

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: 8929

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: 8929

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: 8929

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: 8929

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: 3203

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: 6375

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: 1826

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: 5123

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: 2168

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: 8234

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: 1283

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?

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