Search found 449 matches

by WL2034
Sun Jan 14, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 62
Views: 3880

Re: Budgeting Vs Savings Rate

We "pay ourselves first" and then spend the rest. I sometimes think about a budget, but we are both fairly frugal and save a large percentage of our income (not even sure the percentage). If you are saving 50% of your income, what would a budget accomplish? Would you want to cut out Netflix or your ...
by WL2034
Sun Jan 14, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 35
Views: 3791

Re: Merrill Edge best choice for higher net worth accounts?

Currently the ME/BOA reward structure is maximized at $100k. So depending on your definition of “higher NW accounts,” you likely don’t need to transfer all your assets to ME to qualify. If you have a local BOA branch and/or find the credit card booster worthwhile, I think it is worth using. Car loan...
by WL2034
Sun Jan 14, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: AA is much harder than I thought...
Replies: 27
Views: 3080

Re: AA is much harder than I thought...

You might want to just consider putting the money into a target date 2050(?) fund if you don't have a clear reason not to. I think this is a good idea for more of us than we'd like to admit. As I consider it more, if tax considerations weren't an issue I think I'd prefer to pay the extra 0.1% ER an...
by WL2034
Thu Jan 04, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 64
Views: 4006

Re: Two vastly different career considerations...Stability vs. Income

Agree with others that “potential” to make $250k is a far cry from it being likely or realistic for someone with no previous training in the field. Would be interested to see median salary inform and hours worked for job B, as it might tell a different story. I doubt the recruiter will divulge that ...
by WL2034
Wed Jan 03, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Experience with Merrill Edge?
Replies: 20
Views: 1027

Re: Experience with Merrill Edge?

The real value with the Merrill Edge program is to keep $100k in ME, and then you get the highest Platinum Rewards tier at BOA/ME. This gives you the highest rate booster on the BOA credit cards, free trades at ME, other perks (decreased loan rates, decreased mortgage fees, free safe deposit box at ...
by WL2034
Sun Dec 31, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Did you get an Unexpected Year End Bonus because of the Tax Cut?
Replies: 44
Views: 3276

Re: Did you get an Unexpected Year End Bonus because of the Tax Cut?

birdog wrote:
Sun Dec 31, 2017 11:06 pm
I was expecting a Christmas bonus, like I get every year, but this year I got a one year subscription to the jelly-of-the-month club. I was NOT happy because I was going to use the money to put in a pool in the spring.
That truly is the gift that keeps on giving the whole year. Congratulations!
by WL2034
Sun Dec 31, 2017 3:28 am
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 114
Views: 8883

Re: Best 401k Employer Match Structure

My company funds my 401k to the IRS maximum $55k without requiring any contributions from me. I am also fully vested immediately. This is in lieu of a higher salary (I make less than $100k). This seems an interesting strategy by an employer. As a boglehead, I would love it if my employer paid me le...
by WL2034
Sat Dec 30, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9202

Re: I Want to Buy a Horrible, Expensive Car

I'll throw a wrench in here. Lease. If you like getting a new car every 3 or 4 years the upcharge you pay for leasing vs buying will gladly be made up for in decrease in stress with regards to getting rid of the thing, decrease in stress regarding repairs, increase in happiness for a guaranteed new...
by WL2034
Sat Dec 30, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9202

Re: I Want to Buy a Horrible, Expensive Car

I'm confused because for the 2018 models: 2018 Nissan Murano Platinum: starts at $41,980 2018 Land Rover Discovery Sport HSE LUX: starts at $46,795 Those are the respective top of the line models, according to a quick google search. You can get into a base model Discovery Sport new 2018 for $37k sti...
by WL2034
Fri Dec 29, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

And at POF and gasdoc, yes it is too late to start the DAFs, at least w/ appreciated holdings. When I browsed the FAQ section of the Vanguard Charitable website, it had a list of cut-off dates, and I think it was 12/21 to start it w/ a transfer of holdings. This was the same for Fidelity's DAF. Cop...
by WL2034
Fri Dec 29, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: New Tax Law Impact on Georgia & Other Student Scholarship Organizations (SSOs like Georgia GOAL)?
Replies: 4
Views: 176

Re: New Tax Law Impact on Georgia & Other Student Scholarship Organizations (SSOs like Georgia GOAL)?

My state has a similar plan. The charitable donation counts as 75% credit toward state taxes and then can be deducted from federal as a charitable donation. So, currently, if people are at 25% federal bracket it is break even and if at 28% or higher, the individual comes out net ahead by donating to...
by WL2034
Fri Dec 29, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How many years of deductions for a new DAF?
Replies: 17
Views: 1075

Re: Howq many years of deductions for a new DAF?

Rationally, hard to answer because we usually think about these things from the standpoint of which decision is most likely to result in the most positive expected net value as investors. Since we are talking about charity, I’m assuming the goal is to give a specific value (X/year) to charity, while...
by WL2034
Thu Dec 28, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Who knows if you are opening your account at VG and want to use VG assets. I think I read that VG would only guarantee the transaction would be completed if it was initiated by last Friday at 2 pm. Per Vanguard Charitable FAQ, “Contributions of mutual funds or securities that are held at Vanguard e...
by WL2034
Thu Dec 28, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

I spoke too soon. Vanguard has apparently pulled FIFO instead of the specific lot I asked for as part of my DAF funding yesterday. That is annoying. I will try and fix it. This is harder then it should be. I donate right from my account and it is beyond silly that I have to call and speak to someon...
by WL2034
Thu Dec 28, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Who knows if you are opening your account at VG and want to use VG assets. I think I read that VG would only guarantee the transaction would be completed if it was initiated by last Friday at 2 pm. Per Vanguard Charitable FAQ, “Contributions of mutual funds or securities that are held at Vanguard e...
by WL2034
Thu Dec 28, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Dear Gill Sorry i missed your other question. Currently I'm not itemizing. I thought opening DAF would be good item to start itemization but seems like i cannot do this now. I follow bogleheads suggestion for tax deduction which is to max out 1) 401k 2) traditional ira 3) plan for hsa I currently (...
by WL2034
Thu Dec 28, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

OP here. We opened the DAF with Vanguard today. Funded with $25k of VTSAX (of which ~$7500 cap gains). Overall, very simple process. It would have taken about 10 minutes total if not for the spec ID issues. Spec ID can't be designated online, so must call Vanguard. First rep didn't know what to do a...
by WL2034
Wed Dec 27, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

I’m in a similar boat in terms of playing catch-up before year-end, so maybe what I plan to do will help the OP. My situation: (1) I have Vanguard mutual funds that have appreciated that I’d like to use to make the donation, but (2) prefer the greater flexibility of Fidelity's DAF (esp. the lower $...
by WL2034
Wed Dec 27, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 14209

Re: Just not getting it

The trends you seen in amazon and all of these other companies are seen by everyone else and priced into the stock. Why do you think Tesla has such a huge market cap compared to established auto makers when it has a tiny fraction of the output? Its already priced at a level that assumes electric ca...
by WL2034
Wed Dec 27, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Transfers From Vanguard to Bank/America - how long does it take you?
Replies: 1
Views: 224

Re: Transfers From Vanguard to Bank/America - how long does it take you?

I have found Vanguard to be pretty slow with transfers in general. FWIW, if you use BOA I would strongly consider a Merrill Edge brokerage account with Vanguard ETFs -- at least enough to get BOA platinum reserved tier status ($100k). Transfers between BOA/Merrill Edge are instantaneous.
by WL2034
Wed Dec 27, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

Re: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Thanks for the input so far. I have already run TurboTax a few days ago to get an idea for how much AMT we're paying, entering just our estimated W2s but not investment income. I will try it again with the charitable donation and see how it affects the tax bill. And yes, one of the main reasons cons...
by WL2034
Wed Dec 27, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?
Replies: 67
Views: 2748

New Tax Bill -- Should we open a Donor Advised Fund (DAF) before the end of the year?

Hi everyone, we are trying to optimize our situation with regards to the new tax bill. We are only out of student debt and with a positive net worth for a few years now, so have only been donating to charity relatively recently. We only heard about the Donor Advised Fund last week here on Bogleheads...
by WL2034
Mon Dec 25, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 6934

Re: car thread- too much money?

Can you afford it? Yes. Whether it’s “too much money” depends on your goals. I prefer to live like a resident for 3-5 years after residency, which would include not taking on a $38k car immediately. When you say the Honda is on it’s last legs—unless it has 300k miles on it, fender is hanging off, an...
by WL2034
Mon Dec 25, 2017 12:11 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8138

Re: My Christmas Present to You

Merry Christmas, Taylor. Thank you for your service and all you have done and continue to do for the Bogleheads.
by WL2034
Sun Dec 24, 2017 7:51 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 5637

Re: Implications of tax bill on residential real estate (house prices)

Interesting conclusion and intuitively it makes sense. A maybe different perspective. Based on everything I’m seeing on here would indicate the biggest overall breaks are people in the $250-$500k income range. That’s my informal analysis. Those people are more likely mega overly impacted by the SAL...
by WL2034
Sun Dec 24, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 107
Views: 6866

Re: Will you donate less to Charity?

I would be interested to see the data on amounts given to charity by group of people: group 1 - people who have taken standard deduction in the past and will continue to take standard deduction group 2 - people who have itemized previously, but will now take standard deduction group 3 - people who h...
by WL2034
Sun Dec 24, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Implications of tax bill on residential real estate (house prices)
Replies: 62
Views: 5637

Re: Implications of tax bill on residential real estate (house prices)

I would suspect my local housing market will be impacted for the moderate to higher priced homes. High state taxes, moderate property taxes, so anyone looking at $500k+ homes will definitely be itemizing their deductions under the current plan. This means that property tax and mortgage interest in t...
by WL2034
Sun Dec 24, 2017 12:23 pm
Forum: Investing - Theory, News & General
Topic: Not investing through your 30's
Replies: 60
Views: 5623

Re: Not investing through your 30's

As with many things in life, balance is key. Would definitely not recommend waiting until 40 to start saving for retirement. What if you burn out and want to retire early? What if you get sick and can't work? What if your skills aren't in demand and you are chronically under-employed or unemployed? ...
by WL2034
Sat Dec 23, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19935

Re: Do you see a meaningful change in your income with new Tax Bill?

I'd also like to ask everyone who does come back in 2019 to tell us how it affected their total state and local tax picture as well. One hidden wrinkle is that in many states and for many people a higher federal AGI will result in significantly higher state tax bills (e.g. see the comments on Fruga...
by WL2034
Fri Dec 22, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Paid Off $340K in Student Loans in 4 Years!
Replies: 21
Views: 1650

Re: Paid Off $340K in Student Loans in 4 Years!

Congratulations! We paid off our student debt aggressively too, and it is such a relief. Life changing!
by WL2034
Fri Dec 22, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19935

Re: Do you see a meaningful change in your income with new Tax Bill?

Seems like the bill was especially favorable to our sector of the Boglehead types - solid dual-income but not crazy high, zero debt/interest paid, low overall tax household including SALT for income level due to our choices in what state we live in and LBYM lifestyle choices. Marriage penalty tax w...
by WL2034
Fri Dec 22, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19935

Re: Do you see a meaningful change in your income with new Tax Bill?

Does anyone know of a comparison calculator that works with AMT? We pay about $50k-$60k in SALT, so have large deduction--but then we have also been paying significant AMT which I'm assuming negates much of the benefit of the SALT deduction. Is that true? Under new tax law, we would move from 39.6% ...
by WL2034
Fri Dec 22, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5835

Re: Bitcoin in Freefall

https://www.cnbc.com/2017/12/22/coinbas ... -rout.html

"Coinbase, one of the biggest bitcoin marketplaces, says buying and selling temporarily disabled amid price rout"
by WL2034
Fri Dec 22, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5835

Re: Bitcoin in Freefall

Livesoft, is this an RBD for BTC? Alt-coins? I think we need an official ruling. BTC is not in my RBD universe, but you can start your own Newsletter and make millions! I don't even follow cryptocurrency beyond what the bitcoin price is every 1-2 weeks and I personally know of 2 newsletters, 1 blog...
by WL2034
Fri Dec 22, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"
Replies: 12
Views: 1984

Re: New Schwab spot: "Buy invididual stocks impulsively in the middle of the night!"

You can tell by the stylish glasses he wears during the commercial that he is thoughtful and successful enough to beat the robots at investing. I just signed up for a Schwab account and moved my computer to the bedside so it is ready for my midnight epiphanies.
by WL2034
Fri Dec 22, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 90
Views: 5835

Re: Bitcoin in Freefall

What is the most accurate way to track BTC price? I'm finding sites that are varying +/- $1k instantaneously.
by WL2034
Thu Dec 21, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: 403b to tIRA to backdoor Roth IRA?
Replies: 4
Views: 294

Re: 403b to tIRA to backdoor Roth IRA?

PSLF requires 10 years of payments (120 on-time payments), not 5. If you're wanting to enroll in this, be sure to read up to make sure everything qualifies and fill out the paperwork: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service Probably already has 5 years from ...
by WL2034
Thu Dec 21, 2017 12:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: @@Happy Holidays Bogleheads. How others here helped you?
Replies: 49
Views: 3942

Re: Holiday thanks to Bogleheads. How have they helped you?

Have been here since 2013 and knew nearly nothing about investing. Still remember being so confused by all the terminology that is like second nature now -- Roth, 401k, 403b, equities, fixed income. I knew nothing. Bogleheads saved me from probably hiring an expensive financial advisor or maybe havi...
by WL2034
Tue Dec 19, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5681

Re: Who missed out on maximizing 401k?

All is not lost, you still have 12 more days in 2017. I strongly advise you to contribute that last $20 or you may never be able to retire. :wink:
by WL2034
Tue Dec 19, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: "Breaking the seal" on more expensive travel
Replies: 38
Views: 4224

Re: "Breaking the seal" on more expensive travel

Just a comment on the timing. We traveled to Hong Kong once with only 7 days off, and enjoyed ourselves just fine. It is definitely a compact trip, but I'd rather travel with the amount of time that we have off than wait for a better opportunity that might not come in the foreseeable future. You wil...
by WL2034
Tue Dec 19, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: "Breaking the seal" on more expensive travel
Replies: 38
Views: 4224

Re: "Breaking the seal" on more expensive travel

OK, I'll 'fess up. I'm thinking of doing this as a retirement/milestone B-day present to myself. Not sure if I can pull the trigger, but I'm trying to get there. :D :moneybag http://www.nationalgeographicexpeditions.com/expeditions/around-the-world-jet-tour/detail Wow, what an itinerary! My only qu...
by WL2034
Sun Dec 10, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 2419

Re: How much house can I afford? (First Home)

I would not recommend buying a new house when she is 3.5 years from graduating medical school. If you do buy something, I would find something inexpensive and nearby the medical school as reasonably possible. The hours are going to get longer and more intense for the next 2-3 years before she gradua...
by WL2034
Mon Dec 04, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Trip to Los Cabos - do I need to have Pesos?
Replies: 12
Views: 1270

Re: Trip to Los Cabos - do I need to have Pesos?

Using Pesos is not rocket science and insisting on using dollars is sort of an Ugly American thing to do even though it is common in the heart of some tourist areas. If you insist on paying for dollars you will likely get a VERY bad exchange rate and receive any change in Pesos anyway, or not get a...
by WL2034
Mon Dec 04, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 2900

Re: Who keeps more money out of 100k? Self-employed vs Employed?

It depends in large part on the benefits. A $100k salary for W2 is going to be better (in most cases) than $100k gross earnings on 1099 because the added value of benefits and not paying both halfs of SSI + medicare taxes (self employment taxes). Hourly rate for a physician on 1099 vs. W2 is usually...
by WL2034
Mon Dec 04, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Keep SUV or Trade in? Financials...
Replies: 11
Views: 1145

Re: Keep SUV or Trade in? Financials...

I’m having trouble following. It seems you are saying that you prefer to pay interest by having a monthly car payment rather than take the depreciation which is nearly the same amount. But if you own the car, the depreciation is occurring whether or not you have a monthly payment or own the car free...
by WL2034
Thu Nov 30, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3356

Re: Unexpectedly in the housing market--should we buy this house or wait?

Skip it and go to one of the other new build homes where you can pick your lot and what's around it. You have mentioned the lot size more than once. That's obviously a concern for you. If you're having to justify the smallish lot size to yourself now, you would only be disappointed after moving in ...
by WL2034
Wed Nov 29, 2017 2:52 am
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3356

Re: Unexpectedly in the housing market--should we buy this house or wait?

A few random points; You mentioned a 25 foot buffer. Compared to your 7,000 square foot lot that could be a lot of square footage and in an ideal situation it could be almost like a bit of green space once the landscaping grows up. If there was house there instead you could be looking right at thei...
by WL2034
Tue Nov 28, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3356

Re: Unexpectedly in the housing market--should we buy this house or wait?

WL2034, I hope that you will not take the seller's word on the home inspection. It is worth spending the $500. KlangFool Yes, do not plan to take their word if we proceed. And thanks for the input. I can now cross “have KlangFool comment on home buying decision” off of my bucket list. :wink: Always...
by WL2034
Tue Nov 28, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3356

Re: Unexpectedly in the housing market--should we buy this house or wait?

We went to see this house today. Overall, we liked it. Nice finishes, good size, but not huge. I think, overall, it is about what I was expecting. Very nice neighborhood, relatively small lot, but with a small useable backyard. We are debating whether this is what we want, or if we would prefer to p...
by WL2034
Mon Nov 27, 2017 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8862

Re: Can I afford a $1,400,000 house

Really? The mortgage payment is high but collectively they'll make 650K and I'm guessing they're both doctors.. so the job will be safe enough. "The job," meaning the field of medicine, may be safe enough to easily afford this house. But new attending physician jobs straight out of training have so...