Search found 2488 matches

by am
Thu Apr 19, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2976

Re: Lack of FDIC Insurance a big deal?

I wonder if it’s better to be backed by vanguard/fidelity or fed gov/fdic during next crisis? The assets aren't really 'backed' by Vanguard. Vanguard just manages the assets that stand for themselves, are held in custody by another party/bank, and have a third party accounting firm audit. If the as...
by am
Thu Apr 19, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2976

Re: Lack of FDIC Insurance a big deal?

I wonder if it’s better to be backed by vanguard/fidelity or fed gov/fdic during next crisis?
by am
Thu Apr 19, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2976

Re: Lack of FDIC Insurance a big deal?

patrick wrote:
Thu Apr 19, 2018 7:24 pm
Popular Direct now has an FDIC insured savings account yielding 2%. Why settle for 1.8% uninsured when you can get 2.0% insured?
If your at 32% bracket muni mm.yields 1.5% which is 2.5% or so tax equivalent when you count fed + state + investment tax.
by am
Thu Apr 19, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2976

Re: Lack of FDIC Insurance a big deal?

Did mm accounts exist during the Great Depression? If so, what happened?
by am
Thu Apr 19, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2976

Re: Lack of FDIC Insurance a big deal?

From the prospectus for prime money market: “You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your abil...
by am
Sun Apr 15, 2018 4:59 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9759

Re: Trinity Study updated to 2018

Trying to predict the future with math and past performance. And then we debate it ad nauseum. I like Taylor’s method. Make sure you have a reasonable amount to cover basics (ss, pension, annuity) or enough $ to get there if early retirement. In bad years, you may have to buckle down, not travel, ea...
by am
Sun Apr 15, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 10
Views: 742

Re: Max % of tax exempt bonds in portfolio?

I think 25% of your portfolio, and half of your bonds, in munis is totally within reason. Also note that in the 24% bracket the yields on VWIUX and VBTLX are close. If you're uncomfortable just add in a little total bond in taxable. 2.96 vbtlx versus 3.42 vwiux int. Muni TEY at 24% bracket and 4.1 ...
by am
Sun Apr 15, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Max % of tax exempt bonds in portfolio?
Replies: 10
Views: 742

Re: Max % of tax exempt bonds in portfolio?

Our asset allocation goal is 50% stocks and 50% bonds. With a large portion of our portfolio being in a taxable account we need a good chunk of bonds in taxable. With pension issues and some shakiness in municipal finances is there a maximum % that it is reasonable to have in muni bonds? If we go w...
by am
Sat Apr 14, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 30
Views: 2530

Re: Insight Card (APY 5%) full personal review

5 percent is nice, but this sounds like a pain in the butt. Yes, it does. And what if you jump through all those hoops and then Insight changes the rules to something like 5% on the first $1,000 (like Netspend), and 0.01% on everything above $1,000? Or what if they start charging a $10/mo fee if yo...
by am
Fri Apr 13, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1237

Re: Anyone in high bracket switching to muni. Money market?

Municipal bond interest is excluded from the NIIT That is a big plus for high income individuals to use munis for income https://www.irs.gov/taxtopics/tc559 Thanks for posting. So for high brackets, munis are 3.8% more valuable than just the tax equivalent calculation. Seems like this added tax app...
by am
Fri Apr 13, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1237

Re: Anyone in high bracket switching to muni. Money market?

I use Ltd Term TE; it is running about 2% after tax right now. Thought about this fund, 2.82 yield investor shares at my bracket. But, there’s a 30 day hold from buying every time you sell. Taxable event every time you sell. High to low price over last decade is nearly 5%. But 381 dollars extra (ba...
by am
Fri Apr 13, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1237

Re: Anyone in high bracket switching to muni. Money market?

If I remember correctly, somebody posted on another thread that the muni mm yield jumps intermittently only to descend to lower less competitive levels, whereas prime mm does not. Plus muni mm doesn’t have fdic and is riskier than a high yield savings. Next crisis may involve municipalities, and whi...
by am
Thu Apr 12, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1237

Anyone in high bracket switching to muni. Money market?

At 32% marginal bracket now 2.10% tax equivalent yield for Vang. Muni mm. Amex savings which I’m using for some of my cash holding is 1.55 taxable. Seems with rising rates coming, the money market will better keep up and probably beat the high yield savings account. I considered short to limited ter...
by am
Thu Apr 12, 2018 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Top 3?
Replies: 10
Views: 1573

Re: Top 3?

Precious metals and mining, emerging markets, and small cap int.
by am
Wed Apr 11, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investing
Replies: 24
Views: 1801

Re: Emergency Fund Investing

Also consider short term or limited term muni for high brackets. These fluctuate < 5% most of the time,
by am
Wed Apr 11, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Investor to admiral shares conversion question
Replies: 11
Views: 757

Investor to admiral shares conversion question

My partners brokerage currently has Vang. Intermed. Muni fund investor shares. Yesterday, I invested enough to have over 50k in the fund and am eligible for admiral shares. Can I do the conversion myself online (investor—>admiral vwiux) or should I call? Is this a taxable event if I do it myself onl...
by am
Sun Apr 08, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Very short term investment
Replies: 17
Views: 1129

Re: Very short term investment

What about https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=1492&funds_disable_redirect=true The return (current SEC yield 2.17%) is comparable to a 1-year CD but the fund has no early withdrawal penalty. The underlying bonds are investment grade and are held to maturity, with ...
by am
Sun Apr 08, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to start medical info blog- things to consider
Replies: 5
Views: 335

Wanting to start medical info blog- things to consider

I had a discussion over the holidays with a physician I know who was thinking of starting a medical information blog as a hobby and income source. He enjoys writing and thinks this would help him and patients. In particular, he was thinking of writing about medical topics he sees in his practice so ...
by am
Thu Apr 05, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 3580

Re: Credit Card Recommendations

Depending on how often you fly internationally, the Amex Schwab Platinum is worth considering. It gets you 5x points on airfare, which are then redeemable for cash at 1.25c/each into your Schwab account. That makes it a 6.25% cash back card on airfare purchases. It's easy to come out ahead in the f...
by am
Wed Apr 04, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 30
Views: 2530

Re: Insight Card (APY 5%) full personal review

BogleMelon wrote:
Wed Apr 04, 2018 3:14 pm
am wrote:
Wed Apr 04, 2018 3:11 pm
I have one for myself and one for wife. What’s the limit? Seems like the 5% won’t last too long as netspend limits it to 1k and I don’t know of any others.
Currently the limit is $5000 per card
I’ve got total of 10k on 2 cards, can I get anymore cards?
by am
Wed Apr 04, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Insight Card (APY 5%) full personal review
Replies: 30
Views: 2530

Re: Insight Card (APY 5%) full personal review

I have one for myself and one for wife. What’s the limit? Seems like the 5% won’t last too long as netspend limits it to 1k and I don’t know of any others.
by am
Sun Apr 01, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 9968

Re: Retire at 55, what's the magic number

I’d be worried about health insurance costs. For me, 33x expenses(including discretionary expenses)- (ss x 2) - (20k state pension at 62) + 30k for health from 55-65. Wouldn’t living expenses include healthcare? Well, I’m thinking of current expenses which do not include health since it’s paid by m...
by am
Sun Apr 01, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection
Replies: 5
Views: 396

Re: Asset protection

I think malpractice insurance is enough in almost all cases. Awards over policy limits are very rare. If your very wealthy and still practicing medicine, consider a place like the VA where your liability is limited.
by am
Sun Apr 01, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 9968

Re: Retire at 55, what's the magic number

I’d be worried about health insurance costs. For me, 33x expenses(including discretionary expenses)- (ss x 2) - (20k state pension at 62) + 30k for health from 55-65.
by am
Sun Apr 01, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Prepaid card 5% savings account and safety
Replies: 1
Views: 323

Prepaid card 5% savings account and safety

I am using 5% savings accounts associated with netspend and insight prepaid debit cards as part of my cash reserves which is about 20k (2 insights, 10 netspend and brinks for wife and myself). Of late as yields are starting to slowly rise, I have started to wonder about safety of these cards? Is thi...
by am
Sun Apr 01, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2136

Re: 4% SWR - planning for worst, hoping for better

I've played with Firecalc and such tools plugging in different withdrawal amounts and seeing the "odds" of success . The 4% studies are more of academic interest than really being all that useful since people expenses are not constant in retirement. You also need to consider the definition of "fail...
by am
Sun Apr 01, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2136

Re: 4% SWR - planning for worst, hoping for better

I've played with Firecalc and such tools plugging in different withdrawal amounts and seeing the "odds" of success . The 4% studies are more of academic interest than really being all that useful since people expenses are not constant in retirement. You also need to consider the definition of "fail...
by am
Sun Apr 01, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on tax situation- optimizing w2 pay versus business income s corp
Replies: 2
Views: 200

Re: Advice on tax situation- optimizing w2 pay versus business income s corp

Roughly optimal salary would be a "take-home pay" of $18,500 plus FICA, tax withholding, etc. 25 percent company match gives you a 401k of $23,125. (Add $6k to salary if 50 or older). However, the IRS expects the salary to be in line with reasonable compensation for the field. I'd guess this would ...
by am
Sun Apr 01, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 71
Views: 8022

Re: Resign from job or possible termination

When we say fired for cause, or not renewed for cause, do we mean doing something unethical or dishonest, or is this simply not performing up to par? If not performing up to par, perhaps due to personal difficulties or toxic environment, how do you go about finding the next opportunity and what do y...
by am
Sun Apr 01, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Advice on tax situation- optimizing w2 pay versus business income s corp
Replies: 2
Views: 200

Advice on tax situation- optimizing w2 pay versus business income s corp

Partner has a blog (non service business) on pace to earn about 100k this year with an s corp. We are at the upper 32% or maybe lower 35% bracket together where I am a w2 worker. She maxes out solo 401k+ max profit sharing. Was wondering about optimal amount of her w2 wages versus pass through busin...
by am
Mon Mar 26, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 6441

Re: Question for physicians-- is my taking call worth it?

If you can opt out with no consequences than it is a no brainer to not to do it. As they say, you can’t take the money with you. Plus all the money you make may not be used if you drop deads from all the stress and pain.
by am
Wed Mar 21, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 3580

Re: Credit Card Recommendations

I’ve been happy with 2% fidelity visa for everyday, chase freedom for 5% quarterly categories, chase sapphire reserve for travel and dining 4.5% back when using portal (plus I get free travel insurance), amazon prime visa for 5% amazon and occasional bonus categories (dining right now). I keep a fre...
by am
Wed Mar 14, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: 200K sitting in brokerage account
Replies: 20
Views: 3223

Re: 200K sitting in brokerage account

200k all at once and forget about it. If your a long term investor it won’t matter.
by am
Tue Mar 06, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Crypto Index Fund
Replies: 26
Views: 2114

Re: Crypto Index Fund

At least it will be very tax efficient as there won’t be any dividends. Don’t think capitol gains will be distributed either as it won’t be regulated like mutual funds. How will it rebalance? Given the volatility, this may be on a daily basis. Fun little product, kinda like gambling every day but no...
by am
Tue Mar 06, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: Free Trades with Fidelity
Replies: 5
Views: 651

Re: Free Trades with Fidelity

I wanted to share how to get 10 or so commission free trades on Fidelity. I have politely requested free trades from a representative through Fidelity chat, and they have granted my request each time. Go here: https://www.fidelity.com/customer-service/overview and click chat with a representative t...
by am
Mon Mar 05, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans
Replies: 127
Views: 12290

Re: Larry Swedroe’s New Book Available: Reducing Risk Of Black Swans

I wonder if any retail investor has actually come ahead of a three funder after fees, taxes, implementation costs, etc?
by am
Wed Feb 28, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Re: Chase sapphire reserve versus BOF premium rewards

It depends. I never consider card X against card Y as the importance is in how does card X mesh with my other cards vs card Y. One card is a cash back card (BofA) and the other is a travel card (CSR). It 100% depends on what the individual needs from the card. As far as strictly cash back, the 2.62...
by am
Wed Feb 28, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Re: Chase sapphire reserve versus BOF premium rewards

I am leaning towards keeping my chase sapphire reserve. I value the better insurance and the 4.5% return when using portal and transfer to travel partners. I figure the difference between the two cards year two after bonuses will not be worth the hassle and add complexity. I don’t want to open a ne...
by am
Wed Feb 28, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Re: Chase sapphire reserve versus BOF premium rewards

I am leaning towards keeping my chase sapphire reserve. I value the better insurance and the 4.5% return when using portal and transfer to travel partners. I figure the difference between the two cards year two after bonuses will not be worth the hassle and add complexity. I don’t want to open a new...
by am
Tue Feb 27, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Re: Chase sapphire reserve versus BOF premium rewards

I have both these cards and suggest the answer to your question is "It depends" ! The simple math - if you maximize travel credit - is that CSR annual fee is a net $155 more. To offset that at the 3.5 vs. 4.5% difference means spending more than $15,500 on travel/restaurants. In addition the Premiu...
by am
Tue Feb 27, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Re: Chase sapphire reserve versus BOF premium rewards

I have both these cards and suggest the answer to your question is "It depends" ! The simple math - if you maximize travel credit - is that CSR annual fee is a net $155 more. To offset that at the 3.5 vs. 4.5% difference means spending more than $15,500 on travel/restaurants. In addition the Premiu...
by am
Tue Feb 27, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: Does anyone realize how special last year was?!
Replies: 38
Views: 5919

Re: Does anyone realize how special last year was?!

As I gain more experience with investing (boglehead 10+) yrs, I have added another certainty: no one can predict the future. I have tuned out the noise and stick to my plan. Despite occasional urges to change allocation, add something, speculate, I almost always resist now given my experience and pa...
by am
Tue Feb 27, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Chase sapphire reserve versus BOF premium rewards
Replies: 36
Views: 3535

Chase sapphire reserve versus BOF premium rewards

Right now I have chase sapphire reserve card and was wondering if it’s worth the trouble to switch to the Bank of America premium rewards? I would transfer 100k of etfs from Vanguard to Merrill edge to achieve the highest tier status giving me something like 3.5% cash back in travel/dining and 2.625...
by am
Mon Feb 19, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: 457 versus taxable contributions
Replies: 2
Views: 415

Re: 457 versus taxable contributions

Use the 457. The risk of failure is small (never heard of a doc. losing money in one of these). If your system fails, it won’t break you given your savings and you may get some of the money. 18500 put in the account only costs you 11-12k in take home pay. Tax deferred growth beats taxable. Good inve...
by am
Sun Feb 11, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 taxes and AMT
Replies: 13
Views: 1681

Re: 2018 taxes and AMT

I’ve been hit with amt for a decade. For 2018, I ran a bunch of income simulations and could not find one where amt got included. Looks like most of us are in the clear.
by am
Sat Feb 10, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody hit their rebalance bands?
Replies: 20
Views: 1255

Re: Anybody hit their rebalance bands?

I didn’t because I got 10% bands. This makes rebalancing rare and less than this doesn’t matter (arguably even 10% doesn’t matter).
by am
Sun Feb 04, 2018 5:11 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Rebalancing
Replies: 49
Views: 7433

Re: The Final, Definitive Thread on Rebalancing

I love this thread! Just sayin': Jack Bogle: Bogle: Be Sensible About Rebalancing http://www.morningstar.com/cover/videocenter.aspx?id=615379 (Choice of quoting mine) "I am in a small minority on the idea of rebalancing. I don't think you need to do it...<snip>...sometimes rebalancing improves your...
by am
Sat Feb 03, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 9781

Re: How risky is Med school student loan debt?

There's a lot of bad advice being given. Facts are facts... physician salaries are decreasing and will continue to decrease... there are many unstoppable policies in place that will facilitate this. Couple that with tuition inflation (much higher than general inflation) and regular inflation. Decre...
by am
Thu Feb 01, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt Fund
Replies: 9
Views: 2179

Re: Vanguard Intermediate-Term Tax-Exempt Fund

I’ve owner this fund for years. This fund is actively managed and from what I remember, vanguard uses their own credit analysis instead of depending on outside ratings.
by am
Sun Jan 28, 2018 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4806

Re: Does anyone not rebalance?

Here’s another one about best investors -

http://www.businessinsider.com/forgetfu ... est-2014-9