Search found 364 matches

by WL2034
Mon Sep 25, 2017 3:19 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 3898

Re: Asking for no wedding gifts

I agree that giving cash as a wedding gift is not tacky. IMO, it's the best wedding gift. However, requesting cash as a preferred gift is tacky. I would avoid that and just say that you live in a small apartment and don't have room for any gifts, prefer charitable donations in your name. Keep it cla...
by WL2034
Mon Sep 11, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 6441

Re: Financial Independence Mindset

Ok. I will bite. One more last post. :D Smart. I've strongly suspected that we're being trolled, but felt the discussion was worth extending a bit for the benefit of any newbie bogleheads who might be tuning in. 8-) Honestly, it can be difficult to tell sometimes if a new poster is a troll or just ...
by WL2034
Sun Sep 10, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2465

Re: Retirement Checkup - Physician nearing end of Training

GOR Thanks for the advice! We definitely are planning on renting for at least 2 years and making partner before buying property (wherever we end up), as well as, living well below our means (last year we saved 64.58% of our income). Besides the new SUV, we have no intentions nor plans in buying any...
by WL2034
Sat Sep 09, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 23413

Re: Name something you had to have and now you regret purchasing it?

I bought a new full size crew cab truck to replace my older and smaller truck. I soon realized that it was too big and cumbersome as a daily driver. Still had my older truck (dealer offered virtually nothing on trade in) and I started driving it and letting the new one sit. I ended up selling the n...
by WL2034
Wed Aug 30, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2369

Re: Deffered compensation plan? risky?

Yes I am acquainted with CEO and CFO and had a meeting with them. They are very good people. That's one of the reason i think they arent fraud. These are the characteristics of almost every Ponzi schemer, con man, etc. By no means am I suggesting this means your CEO and CFO are scammers, at all. I ...
by WL2034
Fri Aug 25, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: SUV thread (with a twist)
Replies: 44
Views: 4128

Re: SUV thread (with a twist)

sambb wrote:
Fri Aug 25, 2017 5:22 pm
Subaru Outback is the answer. And you get great resale value.
I have never owned a Subaru (so, not a Subaru fanboy), but I have a few friends who own it and was going to recommend the same. Sounds great for this purpose. I would prefer it to the CR-V or Rav4.
by WL2034
Sat Aug 12, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1457

Re: Pay down home or increase Retirement Contributions

With the limited information given, I will join the others saying maximizing retirement seems prudent. 2.62% is so low, and that's before any tax deduction. Inflation was 2.1% for 2016, 1.7% for the past 12 months ending July 2017.
by WL2034
Sat Aug 12, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: taxable accounts
Replies: 8
Views: 605

Re: taxable accounts

Can't go wrong with Vanguard. Another option, since you mentioned Bank of America, is to open a brokerage account with Merrill Edge (you can link it from your BOA account). You can buy any Vanguard ETF (same low ER as the admiral funds) inside the Merrill Edge account with free trades (there is a ba...
by WL2034
Fri Aug 11, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Fed CU 5-month 3% $10k CDs
Replies: 7
Views: 1535

Re: Navy Fed CU 5-month 3% $10k CDs

Rainmaker41 wrote:Sigh... no 'donate $5 to this charity to be eligible to join the credit union' option.
I don't think it's really worth joining for this CD. It's a $10k max and only a 5 month CD. It's $125. There are better bonus options out there for opening bank accounts, I believe.
by WL2034
Thu Aug 10, 2017 9:51 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6512

Re: What Percentage CASH are you?

Usually somewhere between 1-3% of net worth, that includes all cash in checking and savings, emergency fund. 0% of investment portfolio other than the amount that is too little to buy another share of ETF.
by WL2034
Wed Aug 09, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card Bonus to fly to Japan (From west coast)
Replies: 5
Views: 511

Re: Best Credit Card Bonus to fly to Japan (From west coast)

Thanks for the replies! When deciding between Chase Sapphire Reserve and Chase Sapphire Preferred, does CSP have the 1.5x multiplier for points from the Ink card that the CSR has? That combo sounds like it will give us plenty of bonus to book flights and maybe even some hotels. And RM, yes, I would ...
by WL2034
Wed Aug 09, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Best Credit Card Bonus to fly to Japan (From west coast)
Replies: 5
Views: 511

Best Credit Card Bonus to fly to Japan (From west coast)

I've been out of the credit card travel bonus game for a couple of years now, so I'm looking for some advice from the credit card bonus hunters and frequent travelers around here. My family is planning a trip to Japan next spring/summer. Any recommendations for the best CC to sign up for to buy flig...
by WL2034
Tue Aug 08, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Twins on the way = Life insurance questions
Replies: 22
Views: 1028

Re: Twins on the way = Life insurance questions

I think some additional info would be helpful. Salaries, current assets (retirement and/or taxable), future planned expenses (e.g. college tuition, child care). Essentially, what salary are you replacing and what debts and/or expenses will you be trying to pay? That should help you decide how much i...
by WL2034
Tue Aug 08, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Backpack qualified expense for 529 plan?
Replies: 19
Views: 1523

Re: Backpack qualified expense for 529 plan?

Are you truly in the position where you a) have no other way to pay for the backpack and laptop cover or b) have so much money in the 529 plan that you really think you cannot spend it on other, much more higher ticket and approved items? +1 -- this is $51 of questionable expenses. Does it matter? ...
by WL2034
Tue Aug 08, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: First Portfolio Review! 31 and 30 y.o. NYC married couple
Replies: 29
Views: 2402

Re: First Portfolio Review! 31 and 30 y.o. NYC married couple

It seems like you have a pretty nice situation, currently. 1. You live in a very HCOL area, but your salary is very high for your profession, as well. Plus the nice pension. If you moved to a LCOL area, wouldn't you take a big pay cut? This is in contrast to a recent poster who lived in NYC and work...
by WL2034
Thu Aug 03, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

I have talked with financial profession who think conduit trusts are not beneficial. Did they mention why the conduit trust is not beneficial? I will inquire about this, or perhaps someone on the forum knows. When you say "financial profession," perhaps this is someone who wants the assets in the t...
by WL2034
Thu Aug 03, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

We bought $1MM 30 year term with a $2MM 20 year rider. So we have $3MM coverage until age 53 and $1MM coverage from 53-63. We bought it while we were young, healthy, easily insurable. It's cheap and represents about 10 yrs salary. I suppose it would cover debts such as a mortgage, childcare if one ...
by WL2034
Thu Aug 03, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: MySolo401k.net
Replies: 8
Views: 741

Re: MySolo401k.net

Fidelity (I have personally used, and would recommend), Vanguard, TDA, Schwab (I believe) all offer solo-401k without additional fees other than the ERs of the chosen funds. If I recall correctly, Vanguard doesn't allow Admiral Shares in solo-401k and doesn't allow incoming rollovers, which is why I...
by WL2034
Thu Aug 03, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Non-match Roth 403b vs matched 403b
Replies: 15
Views: 519

Re: Non-match Roth 403b vs matched 403b

I would be interested to hear a persuasive reason to utilize Roth at that tax level. For Roth vs. traditional: see Maxing out your retirement accounts . For Roth vs. taxable: future earnings in a Roth are tax free; future earnings in a taxable account are taxable. Yes, I understand the difference b...
by WL2034
Thu Aug 03, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Non-match Roth 403b vs matched 403b
Replies: 15
Views: 519

Re: Non-match Roth 403b vs matched 403b

The short answer is I don't think it really matters--it's a small amount per year compared to your overall salary / portfolio. The downside is that you are unlikely to come out ahead on taxes considering your high current marginal bracket for fed + state (IMO, obviously nobody can guarantee). The up...
by WL2034
Thu Aug 03, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Non-match Roth 403b vs matched 403b
Replies: 15
Views: 519

Re: Non-match Roth 403b vs matched 403b

So you make more than $270k per year and you are trying to decide if you should contribute $4k per year into Roth or just leave it all as tax-deferred? If that's the situation, I would just leave it as tax-deferred. Based on tax rate, I think you're unlikely to come out ahead by using Roth compared ...
by WL2034
Thu Aug 03, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

... Personally, I'd DIY. You likely don't need a trust to delay funds receipt past 18. Your state will allow for up to a certain age. ... DIY is a no brainer for simple, easy will if you're smart and willing to learn. Well, there's your contrary opinion, OP. Most of us would disagree. A potential e...
by WL2034
Wed Aug 02, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard account
Replies: 52
Views: 3919

Re: Best Vanguard account

Hard to know if this is appropriate without knowing your entire portfolio and desired AA, but one option would be to convert all of your tax-deferred space to bonds and just pile all of your extra cash into VT ETF (Vanguard total world) which is the most diversified US/international, low-cost equity...
by WL2034
Wed Aug 02, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Job/ life advise
Replies: 7
Views: 1354

Re: Job/ life advise

Don't accept a counter-offer from your current employer. You will be seen as unreliable and you will eventually regret it even if not. I have seen only one case where it worked out fine but the person retired a couple of years later, anyway. There are good reasons employees are secretive about look...
by WL2034
Wed Aug 02, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Number of withdrawals permitted/personal savings account
Replies: 11
Views: 1100

Re: Number of withdrawals permitted/personal savings account

I've never had a problem getting a courtesy refund on any charge, as long as it isn't a regular occurrence. Seriously, if they are putting restrictions tighter than the 6 transaction / month from federal government, I would switch banks. That's pretty bad.
by WL2034
Wed Aug 02, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Bringing back a Vanguard solo 401k after closing it?
Replies: 13
Views: 672

Re: Bringing back a Vanguard solo 401k after closing it?

Very excellent points made. I'm glad I turned to bogleheads first. I will defiantly look into Fidelity. I am a current customer of theirs if you count me having their 2% Visa card. Fidelity's Self-Employed 401k Premium class share expense ratios are <= Vanguard's Admiral Shares What is the $ requir...
by WL2034
Wed Aug 02, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

One problem with giving an upfront cost: part of the attorney's job is explaining the options and answering questions. Some people ask a lot of questions and possibly many "what if" scenarios. Others make prompt decisions and get on with it. Without knowing what type of clients they have it could b...
by WL2034
Tue Aug 01, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

That's about what we paid about 15 years ago for wills and trusts for a situation somewhat similar to yours and recently paid a similar amount to update them as our situations had materially changed. Given your incomes and assets and life insurance it isn't an unreasonable fee. More importantly do ...
by WL2034
Tue Aug 01, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

Thanks, everyone, for the advice. The initial attorney we were considering is a partner at a reputable local law firm with 20-30 attorneys in the firm (listed on the website). We received the recommendation from co-workers who have (very likely) greater assets than we do. He specializes in estate pl...
by WL2034
Tue Aug 01, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard account
Replies: 52
Views: 3919

Re: Best Vanguard account

With your high salary and marginal tax bracket, I would encourage you to spend some time reading the wiki and maybe other Boglehead book recommendations before rushing to open the taxable account and start buying funds that might not be ideal for you. For instance, why are you comparing 3 funds that...
by WL2034
Tue Aug 01, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

Based on the structure and nature of your assets and the planning needs for your family situation, $2,000 would seem to be a reasonable fee. I would not attempt to obtain a firm quote because the attorney does not know the complexities that might arise and would likely quote on the high side. Gill ...
by WL2034
Tue Aug 01, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 31
Views: 3151

Will / Trust attorney fees -- how much? (quoted $2000-3000)

Hoping to get some general recommendations on this situation. (I.E. is this reasonable or too much for what we need?) My wife and I have our first child now, so we are looking to do the responsible thing and have a will made. I don't know much of anything regarding the terminologies of wills, trusts...
by WL2034
Mon Jul 31, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting strategy
Replies: 10
Views: 1030

Re: Tax Loss Harvesting strategy

Thanks all for your comments. I'm 62, and after years of having my funds managed by brokers, I now have the time and interest to be more hands-on, and have transferred the majority of my holdings into a handful of broad-based etf's, and am happy I did. There are of course many things to learn - and...
by WL2034
Mon Jul 31, 2017 2:16 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting strategy
Replies: 10
Views: 1030

Re: Tax Loss Harvesting strategy

I'm interested in your thoughts on tax loss harvesting strategies, and the concept of holding parallel securities, in particular. The reading I've done suggests that holding parallel securities i.e. VTI (Vanguard Total Stock market) & SCHB (Schwab US Broad market) for example, may be more tax effic...
by WL2034
Wed Jul 26, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 4880

Re: Breaking up with my Financial Advisor

After reading a lot on this forum and also the Boglehead guide to Investing I've decided that I need to take back control and stop paying high fees but I don't know how to break up with my financial adviser of 11 years. Naively I never thought to ask about his fees and with no experience of investi...
by WL2034
Tue Jul 25, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, Investment Choice Help
Replies: 8
Views: 457

Re: New 401k, Investment Choice Help

If you want to recreate total stock market for the equity portion I believe you will want to use your small cap index fund as well-- approximately 80% sp500 and 20% small cap for the US equity portion-- I think you can find it in the wiki if you search. Certainly the target funds will be easier to m...
by WL2034
Tue Jul 25, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial Characteristics of Physicians
Replies: 24
Views: 2253

Re: Financial Characteristics of Physicians

I found the data interesting. I do think it seemed to stray into indirect advertisement and maybe was sponsored by the "strategic partner" who runs a financial advising firm for physicians. "67% of physicians who are 'ahead' use a financial adviser, while only 44% of physicians who are 'behind' use...
by WL2034
Tue Jul 25, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Financial Characteristics of Physicians
Replies: 24
Views: 2253

Re: Financial Characteristics of Physicians

I found the data interesting. I do think it seemed to stray into indirect advertisement and maybe was sponsored by the "strategic partner" who runs a financial advising firm for physicians. "67% of physicians who are 'ahead' use a financial adviser, while only 44% of physicians who are 'behind' use ...
by WL2034
Mon Jul 24, 2017 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8326

Re: Investing Education and Mansplaining

Mansplaining is not when a man explains something to you. Mansplaining is when a man explains to you something you already know, quite certain in the knowledge that you must not know whatever it is that's being explained to you. I've been on Bogleheads since 2004, if someone tries to explain what c...
by WL2034
Wed Jul 19, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4596

Re: Physician Compensation and Subspecialties

Moving outside of NY will be very difficult for me since I grew up here and all of my family/friends are located here. I took the job that I have now after weighing all of my options in the area, which you all have rightly have guessed were also not so enticing. The monetary differences range +/- (...
by WL2034
Wed Jul 19, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4596

Re: Physician Compensation and Subspecialties

Ha, I am having a really good chuckle at all the comments about my rent. The rent is subsidized by my wife's residency program and we are located slightly outside the city. What specialty is your wife in? If it's another shift-work specialty, EM, etc. then there are some added scheduling perks to b...
by WL2034
Wed Jul 19, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation and Subspecialties
Replies: 53
Views: 4596

Re: Physician Compensation and Subspecialties

For hospitalists and other hospital employed MD specialties, the pay tends to be much lower in HCOL "desirable locations" because doctors will move there and are willing to work for less. In my experience, these places also tend to have higher average census and are more stressful, overall. I know p...
by WL2034
Tue Jul 18, 2017 11:59 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 43
Views: 2668

Re: How Much Would You Spend on a Blender?

Depends on how much you use it and what you use it for. If you want great quality smoothies, I would recommend a refurbished Vitamix or Blendtec for the best value. If you just use it once in a while and don't care that much, buy something less expensive. I have personally owned a Ninja and a Vitami...
by WL2034
Tue Jul 18, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?
Replies: 2
Views: 163

Re: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?

Ascensus is the 22nd largest TPA by assets, 7th by number of plans and is actually the administrator for Vanguard's small business plan. However, what matters is what the plan investment options are and what fees the participants are subject to. These are controlled by the employer and it sounds li...
by WL2034
Tue Jul 18, 2017 7:40 pm
Forum: Personal Consumer Issues
Topic: A week in Iceland
Replies: 28
Views: 1768

Re: A week in Iceland

It's interesting because everyone is going to Iceland these days, but the last 3 people I have spoken to after they traveled to Iceland said they wouldn't go back. Too expensive and they otherwise didn't fall in love with it. Otherwise they had various complaints, but all agreed it was overpriced fo...
by WL2034
Tue Jul 18, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?
Replies: 2
Views: 163

Roll over old 401k to IRA or new employer Profit-Sharing plan (small business)?

My spouse has a new job with a physician group which is something around 30-40 partners and some other employees, I believe. The retirement plan is a profit sharing plan administered by Ascensus. There are plenty of good Vanguard index fund options in the plan with ER < 0.1% to work with our portfol...
by WL2034
Mon Jul 17, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 396

Re: New 401k, looking for a bond fund -- use Vanguard Target Retirement?

Interesting, I read that the PIMCO Total return fund invests in derivatives. I don't know much about it other than it seems riskier. Thanks for the info, I will do some research about that fund. It would be possible to leave the funds in her old 401k but the bond options are not as good as the Targe...
by WL2034
Mon Jul 17, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 396

Re: New 401k, looking for a bond fund -- use Vanguard Target Retirement?

I think the answer depends a lot on the context. What fraction of your overall portfolio will this be? Do you have enough space and options for bonds elsewhere that it doesn't matter? Are you close to retirement? Unless you want all of your bonds in TIPS for a specific reason, I would use the targe...
by WL2034
Mon Jul 17, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: New 401k, looking for a bond fund -- use Vanguard Target Retirement?
Replies: 8
Views: 396

New 401k, looking for a bond fund -- use Vanguard Target Retirement?

Hi all, my spouse is starting a new job with a 401k administrated by Ascensus. We are looking for a bond fund to use and these are the options: PIMCO Total Return Fund Institutional Class PTTRX - 0.46% Prudential High-Yield Fund Class Q PHYQX - 0.46% Templeton Global Bond Fund Advisor Class TGBAX - ...
by WL2034
Fri Jul 14, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 18286

Re: How are folks handling the unprecedented rise in the market ?

I'm buying a boat. How else should one handle having more money than they used to? :sharebeer