Search found 390 matches

by WL2034
Wed Nov 08, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3718

Re: What is a reasonable emergency fund for HI family?

so lets say I do make 300k. The correct way to save would be to set aside at least 150k in safe accounts even if it means forgoing a significant return from stocks? Are there no insurance products to purchase for a monthly fee that offer that kind of reserve at low cost in a pinch? And if there are...
by WL2034
Sun Nov 05, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 3943

Re: Did I earn an extra hour of interest last night?

The hospital had computer network downtime last night spanning the end of daylight savings. The worst part about the end of daylight savings is working an overnight shift during that time (no extra pay). I actually wonder if the hourly employees get paid an extra hour for working the end of daylight...
by WL2034
Sat Nov 04, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5609

Re: College student... Financial mess... Need advice...

This sounds like you are going to take your lumps one way or another and come away with a life lesson. Don't co-sign a lease with someone who isn't financially responsible. The good news is you can afford it, and it is small change in the long run. Start negotiating, first with her and then with the...
by WL2034
Tue Oct 31, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6307

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Only if you want safeguards against fraud (when you don't know/trust the recipient of funds) such as you are buying something on Ebay or paying a business for a service. For transfers to friends/acquaintances, there is no fee if using a bank account (fees for CC). Venmo also free. And Zelle is free...
by WL2034
Tue Oct 31, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 2943

Re: Invalid airline ticket, seeking reimbursement

You generally only have 120 days to do a credit card chargeback. I would call my credit card company immediately. The problem is he isn't looking for a credit card chargeback. He is looking for someone to reimburse him for the $3000 additional ticket he had to buy last minute - this purchase was le...
by WL2034
Tue Oct 31, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6307

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

PayPal and other methods are best for peer to peer transfers. PayPal charges significant fees. Only if you want safeguards against fraud (when you don't know/trust the recipient of funds) such as you are buying something on Ebay or paying a business for a service. For transfers to friends/acquainta...
by WL2034
Tue Oct 31, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 2943

Re: Invalid airline ticket, seeking reimbursement

Was the $3k one-way ticket purchased through Airline #1 or #2, or a third airline? If it was one of the first 2, I would consider just contesting the $3k charge on your credit card, not paying it, and explain that you were double billed for the flight when you had already paid for it. If it was a th...
by WL2034
Tue Oct 31, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 4001

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

It might have been worth it to have hired a higher cost lawyer who would have drafted your Wills to provide that instead of mandating distributions at 25 and 30, each child would effectively control his/her trust at age 30 (or half at 25 and all at 30). That would have kept the $7 million (plus the...
by WL2034
Mon Oct 30, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 4001

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

Just to close the loop on this thread. We had wills and trusts (flexible that don't mandate or limit distributions, 1/2 of assets transferred to children at age 25 and the rest at age 30), POA, Advance directives completed for a total of $1500 - $1600. I also found out that we live in a state with l...
by WL2034
Mon Oct 30, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 2787

Re: Will we be house poor in Boston? Help us to set a budget limit

Married couple early to mid 40s with a preschooler Income: Salary 1: 180 Bonus1: 120-140 Salary 2: 175 Bonus: 35 Total: 510k-530k 1) What is the maximum house value we should buy? The majority of the responses that Panchilly got was $900k he bought was overhoused. But $900k cannot get much in Bosto...
by WL2034
Mon Oct 16, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: 529 Savings - Is it enough?
Replies: 38
Views: 3714

Re: 529 Savings - Is it enough?

Age of the kid = 5 net 529 as of today = 54k monthly contribution = 1k General question - Is it enough to pay for 4 year college, assuming no help from scholarship etc. Should I keep 1k per month contribution of lower it a bit? Thanks for your help Even if your accounts have no gains between now an...
by WL2034
Sat Oct 14, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 305

Re: 401k Employer match question

I think I've made a horrible mistake and am hoping someone can confirm it. I'm contributing after-tax dollars to a Roth 401k and my employer is contributing pre-tax dollars (4% match). Because I'm contributing less absolute dollars every month because it's getting taxed (I realize it grows tax-free...
by WL2034
Mon Oct 09, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1935

Re: Taxable Vanguard help invest $50,000

I also think much improvement can be made in 401k #2. care to elaborate?? You need to provide the ERs, specific fund names for the funds you are using and then also for the other fund options you have available for you. Again, see the link in retiredjg's post. There is a lot of information needed t...
by WL2034
Mon Oct 09, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2413

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

Are you trolling? Used car business? Really? I'll preface this by saying I don't know if this was a successful business or not, and the person I knew was not wealthy. I knew someone who's family was in the used car business and told me that the trick to the business was in-house financing. Essentia...
by WL2034
Mon Oct 09, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Funding and buying my parents retirement home? Question on contract and siblings
Replies: 4
Views: 725

Re: Funding and buying my parents retirement home? Question on contract and siblings

Could you just pay for the land and take the mortgage out yourself now? Charge your parents an appropriate rent, and you own the house from the start? Not sure if you would feel awkward charging your parents rent, but it might make things simpler.
by WL2034
Mon Oct 09, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1935

Re: Taxable Vanguard help invest $50,000

I'd put it into VTSAX and call it a day. If you are looking to be 100% in equities, the bond placement question is moot, but as you change your AA, still invest in VTSAX in taxed and put your bonds in your taxed advantaged space. https://www.bogleheads.org/wiki/Lazy_portfolios This would be my choi...
by WL2034
Mon Oct 09, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1935

Re: Taxable Vanguard help invest $50,000

Without knowing anything else about your situation, I would choose $35k in Van Total Stock Market (VTI ETF) and $15k in Van Total International (VXUS ETF). I don't recall the tickers for the mutual funds off hand, but they would be the same functionally if you are buying and holding. Keep the bonds ...
by WL2034
Sat Oct 07, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: tax planning - solo 401K (W2 employee +1099 side hustle) vs tot contri limit
Replies: 8
Views: 338

Re: tax planning - solo 401K (W2 employee +1099 side hustle) vs tot contri limit

I think if you earned $273k you would be required to stop referring to it as a "side hustle." :wink:
by WL2034
Fri Oct 06, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Re: Sent to collections by a hospital we've never been to?

Here's what happened. 1. Called the small hospital the bill was supposedly from. They have no record of any visits or bills to us. 2. Called the collection agency with a plan to give absolutely no information other than name and address since they already have that. We found out the following: -the ...
by WL2034
Fri Oct 06, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Re: Sent to collections by a hospital we've never been to?

The OP stated that the notice was from a collections agency, so I read that as being from an outside agency. Perhaps the OP could clarify this. I don't know whether the FDCPA applies in-house (but I suspect not). If the bill came from an in-house collections department, I would still write rather t...
by WL2034
Fri Oct 06, 2017 3:19 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Re: Sent to collections by a hospital we've never been to?

Yes, the only information I'm sure the collection agency has are name and address. And actually, it's possible the hospital didn't even have an address (since we never received a bill from them). Not sure how that would work. In any case, don't want to give them more info than necessary. Should we s...
by WL2034
Fri Oct 06, 2017 1:55 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Re: Sent to collections by a hospital we've never been to?

Interesting to hear about your experience. My wife's name is unusual enough that I am having a hard time imagining a scenario that this is not some kind of fraud. We have never been anywhere near this hospital (100 miles?). My wife is also a physician and I'm wondering if a patient took her name and...
by WL2034
Fri Oct 06, 2017 12:42 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Re: Sent to collections by a hospital we've never been to?

Does your wife have a common name? Is it possible another Mary Doe went to that hospital and the collection agency is just randomly sending letters to any addresses that come up with that name? I've seen that happen with collection agencies. I would not provide your wife's social security number or...
by WL2034
Fri Oct 06, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3469

Sent to collections by a hospital we've never been to?

Just received a collections notice for a bill from a small regional hospital about 5 hours away from us. It's for $700 and we have never been within 2 hours of this hospital. Initially I thought maybe it was a scam, but after some minimal research it appears the collection agency is legit and the ho...
by WL2034
Tue Oct 03, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5507

Re: Do you foresee a drop in housing prices in the next 5 years

I have no idea, but I did come across this headline today which made me wonder. "Homebuyers rush to riskier mortgages as home prices heat up." https://www.cnbc.com/2017/10/03/rising-heat-in-home-prices-makes-buyers-rush-to-riskier-mortgages.html But then I realize that this is a warning sign from th...
by WL2034
Tue Oct 03, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is an HSA required if one has HDHP?
Replies: 24
Views: 1490

Re: Is an HSA required if one has HDHP?

The $3 / month fee seems pretty standard for an HSA. But at most HSA's that I have encountered, you can have the fee waived as long as you keep a certain amount of cash in the account (usually $1000-$5000), rather than having it all in the investment account. Are you sure that's not available at you...
by WL2034
Mon Sep 25, 2017 3:19 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4528

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: 7049

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: 2683

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: 25229

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: 2452

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: 4433

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: 1562

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: 634

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: 1607

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: 6934

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: 541

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: 541

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: 1144

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: 1644

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: 2571

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: 35
Views: 4001

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: 35
Views: 4001

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: 809

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: 612

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: 612

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: 612

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: 35
Views: 4001

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: 4185

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: 1415

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...