Search found 363 matches

by anoop
Fri Apr 28, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Cost of car compared to Gross Income
Replies: 94
Views: 7560

Re: Cost of car compared to Gross Income

my first car (used) -- 15%,
4 years later
my second car (new) -- 30%
5 years later
my third car (new) -- 20%
11 years later
my fourth car (new) -- 15%
1 year later (4th car was a lemon)
my fifth car (new) -- 15%

Doing OK by Dave Ramsey, flunking by Financial Samurai.
by anoop
Fri Apr 28, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: Somebody hit my car in a parking lot
Replies: 24
Views: 3177

Re: Somebody hit my car in a parking lot

I have a comprehensive deductible of $100 and use it a lot -- have had several windshields replaced, and recently cracked foglight assembly due to rock impact while driving. I don't think it has affected my rates, but it's possible they lower rates slightly for those with no claims. Even if they did...
by anoop
Fri Apr 28, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Home Warranty
Replies: 10
Views: 666

Re: Home Warranty

I would take some active steps to cancel. I decided not to renew my warranty with AHS last year and just ignored it. They sent it to collections. You should report that to the BBB. That's just plain illegal. How can they send something to collections for service they are not providing? Unless you w...
by anoop
Wed Apr 26, 2017 12:02 am
Forum: Personal Consumer Issues
Topic: Replacing MacBook Pro (retina) Battery
Replies: 12
Views: 626

Re: Replacing MacBook Pro (retina) Battery

Typically if you open up the machine yourself, if something else goes wrong down the line that requires more extensive repair like a system board replacement, Apple may refuse to do it. So it's probably best to get it done from them.
by anoop
Wed Apr 19, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Armageddon Insurance - how to spend $100k
Replies: 29
Views: 2510

Re: Financial Armageddon Insurance - how to spend $100k

Forget it - we live in an inter-connected world. When one domino falls, they will all fall. As far as your metals, guns and butter theory - you'd better have an invisible shield that protects you 24/7/365 because if it ever comes down to it there just is not going to be enough time, ammo, food/wate...
by anoop
Wed Apr 19, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Looking at buying our first home, what can I reasonably afford. Also a tax bracket question.....
Replies: 27
Views: 3107

Re: Looking at buying our first home, what can I reasonably afford. Also a tax bracket question.....

in my case (i'm in ca), bonuses and any other non-salary payouts are withheld at close to 40% as well (it might be higher, i have not tracked it). you should check with your hr/payroll folks, but, at least to me, it does not seem out of line at all, especially if they are withholding social security...
by anoop
Wed Apr 19, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: I bonds May 2017
Replies: 30
Views: 3087

Re: I bonds May 2017

https://tipswatch.com/2017/04/18/i-bond ... -decision/

I'm planning to just buy in May (both I and EE).
by anoop
Mon Apr 17, 2017 11:13 pm
Forum: Personal Consumer Issues
Topic: How to be a good parent to an introverted kid
Replies: 29
Views: 2488

Re: How to be a good parent to an introverted kid

Does he talk about why he would rather be by himself or with adults? Without worrying about the introvert/extrovert issue, I think it's more important for a kid to be able to identify and process feelings and emotions that come up in various situations. He might prefer the company of adults because ...
by anoop
Mon Apr 17, 2017 12:18 am
Forum: Investing - Help with Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 1093

Re: I got a FACTA-related form from my home country?

If it were me, I'd close the account and have my family member pay my bill. It is very easy to transfer money from the US to foreign bank accounts (in India for example) with very low fees (less than $5). Sorry to hijack the thread. How? Most banks seem to charge a lot to do a wire transfer, and se...
by anoop
Sun Apr 16, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why do you save?
Replies: 31
Views: 1996

Re: Why do you save?

I save because parents fought about money all the time because of some poor financial decisions by the father. I didn't want to be like them.
by anoop
Sat Apr 15, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11010

Re: What constitutes "a lot" of money?

If my portfolio goes up or down $10,000 (1% of $1M) in a day, then that amount of money is basically nothing . It's just background noise (even if I peek every day). But if I had to spend $10 on lunch, well that's a lot . Is that being pennywise and pound foolish? Just kidding. :D I think what you'...
by anoop
Sat Apr 15, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11010

Re: What constitutes "a lot" of money?

If my portfolio goes up or down $10,000 (1% of $1M) in a day, then that amount of money is basically nothing . It's just background noise (even if I peek every day). But if I had to spend $10 on lunch, well that's a lot . Is that being pennywise and pound foolish? Just kidding. :D I think what you'...
by anoop
Sat Apr 15, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Washer/dryer suggestions?
Replies: 31
Views: 1986

Re: Washer/dryer suggestions?

Most of the newer ones are not built to last. When I did my research on these a couple of years ago, I found that the only 2 brands that seem to have good reviews now are SpeedQueen and Miele. The Miele is about 2x the cost but it comes with a lot more (like, e.g., an internal water heater and the a...
by anoop
Fri Apr 14, 2017 10:55 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 5881

Re: Anyone else decided not to finish med school?

You could have him read/watch this: http://news.stanford.edu/2005/06/14/jobs-061505/ It's not about dropping out of medical school, but it does cover dropping out of school and also the twists and turns in life. It may also help to have him read some motivational stuff. Not Tony Robbins kind about m...
by anoop
Fri Apr 14, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid heath care surprises?
Replies: 26
Views: 1586

Re: How to avoid heath care surprises?

Using opacity is how they are able to get more and more money from people that need care. It also helps hide billing errors. Good luck with trying to get more information about it. This is healthcare in the USA. Patients don't like it, doctors don't like it. But insurance companies and administrator...
by anoop
Thu Apr 13, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to a Lazy portfolio : Should I wait for a market correction?
Replies: 16
Views: 1958

Re: Moving to a Lazy portfolio : Should I wait for a market correction?

OP, I'm in a similar boat as yours. I don't know what the answer is and I don't think you will be able to find an answer that does not effectively need a leap of faith. The boglehead approach is to determine an asset allocation you're comfortable with and dive right in. The negativity has been going...
by anoop
Wed Apr 12, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Laundry lifestyle creep
Replies: 67
Views: 10544

Re: Laundry lifestyle creep

I don't have little kids, but use one detergent (Costco brand) and even use the quick cycle on the washing machine (27 minutes) and cold water. I never have a problem with things not being clean. Sometimes the clothes have been used for yard work or household repairs and I still don't have a proble...
by anoop
Tue Apr 11, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8397

Re: Extreme Frugality vs Living Life - Where do you draw the line?

You mean those who are tortoises just plodding along as opposed to the hare? Seems to me it is those who are "enjoying life" are the ones who are all flash and no substance. It is they who likely don't have their financial act together. I don't think the current economic climate is conduc...
by anoop
Tue Apr 11, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8397

Re: Extreme Frugality vs Living Life - Where do you draw the line?

This is an extremely complex question. Being crazy frugal guarantees that at the end of your life if you're broke it's wasn't due to poor money management. Figuring out how to be slightly loose while still getting to retirement goals is a very hard problem. There are too many variables - Health - In...
by anoop
Tue Apr 11, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12197

Re: You can never go "home" - retirement

ribonucleic wrote:
PoppyA wrote:Like many people, I long for the city I grew up in.


Be careful to distinguish between a longing for the place where you were young and a longing for the time when you were young.

They are easily confused. And one is recoverable while the other is not.


Which one is recoverable? :D
by anoop
Sun Apr 09, 2017 2:51 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10271

Re: High Income earners, whats your Tax Strategy?

My tax strategy basically boils down to "suck it up buttercup, and be grateful that you have a high salary and a relatively low tax burden as compared to almost all other rich countries". :) I don't think this is really true, but it is a common misconception: https://en.wikipedia.org/wiki...
by anoop
Fri Apr 07, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 3953

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

The legality issue is discussed somewhat in this thread. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=186298 If they really wanted to go after people, in this day and age of electronic filing, how difficult is it for the IRS to automatically detect the backdoor Roth is being done and se...
by anoop
Mon Apr 03, 2017 12:03 am
Forum: Investing - Theory, News & General
Topic: Some 'hints' about brokered CDs
Replies: 15
Views: 1782

Re: Some 'hints' about brokered CDs

I invest in brokered CDs because at current rates they typically yield more than the equivalent US treasury debt. The risk is the same as US treasury debt because of FDIC insurance up to $250,000.00 per depositor per bank. No state tax for UST, and also much more liquid if need to sell before matur...
by anoop
Sun Apr 02, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 6120

Re: Weird house buying experience

Wait, no, all that matters is that you would be willing to pay 10k for a car with the options you wanted. You were happy with the negotiated price when you thought the real price was 11k. The price on the sheet doesn't matter, right? What's changed? Fundamentally it is what happened here, just with...
by anoop
Sun Apr 02, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Weird house buying experience
Replies: 123
Views: 6120

Re: Weird house buying experience

Sadly, these practices are not at all uncommon when buying things like houses and cars.

There is so much room for them to cheat (with respect to materials they use and fit and finish) that I wouldn't sweat over a small amount.
by anoop
Fri Mar 31, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 99
Views: 8146

Re: Best take it everywhere camera

Thanks for the side discussion. It can probably hijack the main topic and then some. :) I should at least answer the OP. I stopped owning a camera a few years ago and rely only on my iPhone. The last camera that I really enjoyed was a Yashica T4 Super but that was film. IMO, even to this day there i...
by anoop
Fri Mar 31, 2017 7:19 pm
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 99
Views: 8146

Re: Best take it everywhere camera

A really uninspiring pair of photos that offer an extreme demonstration of the same foreground framing, but completely different perspective: Wide angle (zoomed in by walking up close) http://patrickshannon.com/wp-content/uploads/2015/09/7V1B1359-1.jpg Telephoto (zoomed out by walking back away) ht...
by anoop
Fri Mar 31, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with credit card identity theft?
Replies: 22
Views: 1561

Re: How to deal with credit card identity theft?

There are many ways for someone to see and pass along a Social Security number. They require them at our local bureau of motor vehicles, on many medical forms, etc. if there is any fool-proof way to prevent this, I'd love to know it. I never fill out the SSN if it's not required. Medical folks do N...
by anoop
Fri Mar 31, 2017 12:05 am
Forum: Investing - Theory, News & General
Topic: Cars - possible recession indicator?
Replies: 21
Views: 3338

Re: Cars - possible recession indicator?

This used to be a classic sign of recession, back between 1950 to 1980. Now? Meh. The automotive industry has structural issues of overcapacity, its a much smaller part of US's GDP, etc. I would not now how much weight I would give this data point. That's true. If we see hospitals going out of busi...
by anoop
Wed Mar 29, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Another TurboTax 8606 Complaint.
Replies: 9
Views: 667

Re: Another TurboTax 8606 Complaint.

That may be the problem. There are two places that have to be touch--contributions (if you made any) and distributions (conversions are handled under distributions).
by anoop
Wed Mar 29, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Another TurboTax 8606 Complaint.
Replies: 9
Views: 667

Re: Another TurboTax 8606 Complaint.

In my experience, the issue with not ending up with the correct information on form 8606 is due to not answering the IRA questions correctly. The questions are worded very poorly and one has to go through them very carefully. This year, mine went off pretty easily, but in past years I recall having ...
by anoop
Sun Mar 26, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ever apply a competitor and have word get back to your employer?
Replies: 29
Views: 3051

Re: Ever apply a competitor and have word get back to your employer?

I have seen this happen several times. It leads to some uncomfortable talks but I have never seen it lead to termination. The talks will be uncomfortable only if the employee is not emotionally savvy and yields to manipulation from the manager. I have seen HR find resumes of employees on job sites a...
by anoop
Sun Mar 26, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 160
Views: 24663

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

triceratop wrote:There is this case that the IRS lost which IMO provides solid legal footing for the backdoor Roth. Lots of good discussion there.


Thanks for the pointer. This is type of information I was looking for.
by anoop
Sun Mar 26, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2134

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Doing taxes well is more than just making sure all the data gets entered correctly. That said, I think many people are perfectly capable of doing their own taxes but use a paid preparer. Unfortunately, retail software has reduced the process down to answering a myriad of (sometimes vague) questions...
by anoop
Sun Mar 26, 2017 3:03 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 160
Views: 24663

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

If you google "backdoor Roth IRA" you'll see links on how to do it from Vanguard, Betterment, WSJ, Investopedia, Kitces.com, Nerdwallet, and if you preface it with a "how to" then add in Morningstar, The Finance Buff, and the White Coat Investor. Half this forum, myself included...
by anoop
Sun Mar 26, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2134

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

This is the reason I do my own taxes.. you are essentially paying this person to type into a computer what you tell them. If you type it yourself you save hundreds of dollars. Outcome is exactly the same... Not only that, but I think the onus is on the taxpayer to make sure that the numbers were co...
by anoop
Sun Mar 26, 2017 1:19 pm
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 160
Views: 24663

Re: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

Has there been any further insight on this issue? The only post that hints at it not being OK is the one by AviN which has a link to a video where Kitces says people that were audited were asked to roll it back. Fidelity used to have an article describing the backdoor Roth, but looks like they have ...
by anoop
Sat Mar 25, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: Can a cell phone get hacked?
Replies: 20
Views: 2065

Re: Can a cell phone get hacked?

What you're referring to sounds like SMS spoofing.
https://en.wikipedia.org/wiki/SMS_spoofing
by anoop
Thu Mar 23, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5499

Re: Vehicles as a percentage of net worth

Dave Ramsey uses one where the value of all the stuff you own with motors in it (cars, boats, recreational vehicles, motorcycles etc) total up to no more than 1/2 of your annual income. I think the value of that rule is that all of that stuff is going down in value and assuming you want to maintain...
by anoop
Thu Mar 23, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5499

Re: Vehicles as a percentage of net worth

If I am going to buy a $50k, after 30 years, it will be worth (for example) $zero. I wouldn't count it as net worth. I generally buy new car and drive it into the ground. The net worth proponents in this discussion are talking about their net worth excluding the vehicle in many cases. By that metri...
by anoop
Thu Mar 23, 2017 3:25 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 8304

Re: The $1,124,176 Car.

The numbers can be massaged in a limitless manner, but the main point is indisputabl. For the majority of Americans, cars are the greatest destroyer of personal net worth in our economic system. What about healthcare, or shall I call it sickcare? There are so many "wealth destroyers" incl...
by anoop
Thu Mar 23, 2017 3:03 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 8304

Re: The $1,124,176 Car.

If people spent money only on food, clothing, shelter, and basic transportation, where is the 7% real stock market return going to come from in a free market / capitalist system? By charging more for food, clothing, shelter, and basic transportation. By carefully engineering the quality out of ever...
by anoop
Wed Mar 22, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Should we participate in ESPP?
Replies: 16
Views: 1211

Re: Should we participate in ESPP?

I think it simplifies tax stuff to sell at ML since they have records of the purchase price and sell price, so you'll just have to refer to one statement when doing taxes.
by anoop
Wed Mar 22, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should we participate in ESPP?
Replies: 16
Views: 1211

Re: Should we participate in ESPP?

The difference in those fees is noise. Do what is more convenient/simple.

For me, I would sell at ML, get a check and deposit it wherever.
by anoop
Tue Mar 21, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 51
Views: 3402

Re: Do I need new tires?

Definitely get new tires. At 2/32 your stopping distances are probably 1.5x to 2x what they would be with good tires. So it's really a safety issue. You should be able to get replacements for MUCH less than $550. Check tirerack.com for your car and you'll see various choices including reviews. You c...
by anoop
Tue Mar 21, 2017 1:24 am
Forum: Investing - Theory, News & General
Topic: the important asset that many fail to consider in portfolio construction/allocation
Replies: 15
Views: 3095

Re: the important asset that many fail to consider in portfolio construction/allocation

The two biggest unknowns for me with financial planning are health followed by employability. I have seen enough instability in both areas to know that financial planning for me is really a coin toss. There is no way I can plan for every possible outcome. I am always amazed by, and perhaps a little ...
by anoop
Tue Mar 21, 2017 12:59 am
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1832

Re: When does a new computer make sense...

I recently upgraded from a 2010 13" MBP to a mid 2016 non-touch-bar 13" MBP. The main reason for the upgrade was the laggy performance of the old machine (could take several seconds to start an app like, e.g. skype), but also it would get hot and the fan would turn on a lot, probably becau...
by anoop
Tue Mar 21, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4691

Re: Advice: Overextending by buying? How much house to buy?

Side note: All this "employer housing assistance" is nuts. If employers keep doing this they aren't really doing much of a service because all the subsidy does is continue to inflate local property values to the point where more and more subsidy is needed. Shooting themselves in the foot ...
by anoop
Tue Mar 21, 2017 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 12788

Re: Paying $20 to E-File State Return

DetroitRick wrote:On the bright side, this thread dates back to 2011 - at least that $20 hasn't increased :sharebeer .


Don't give Intuit any ideas. Or they'll turn into Comcast that charges you more per Mbps when the cost is actually dropping!!

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