Search found 200 matches

by berg
Sat Apr 16, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Trust date for beneficiary form?
Replies: 2
Views: 169

Trust date for beneficiary form?

Recently created a revocable trust as some of estate planning and I'm updating my beneficiaries on Vanguard, Life Insurance, etc. Vanguard is asking fir a Trust creation date. Anybody know if this is the date the legal doc was signed and the trust created or technically when I opened the trust accou...
by berg
Fri Apr 08, 2016 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: EPO vs. PPO?
Replies: 2
Views: 396

EPO vs. PPO?

Choosing between EPO and PPO for family plan. The EPO plan is $120 cheaper per month ($1440 per year). When I looked at the EPO - 10 doctors my family uses for various needs are all in network. All major Boston hospitals (and suburban hospitals near us are in network). Copays are basically the same ...
by berg
Sun Mar 27, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: EIN needed for revocable trust?
Replies: 6
Views: 615

EIN needed for revocable trust?

Just want to double check the information I am getting from my bank is correct. We recently did some basic estate planning (not particularly complicated, but we have kids so wanted to get it squared away). This included setting up a revocable trust to leave our assets to if something happens to both...
by berg
Mon Mar 14, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bigger mortgage for lower rate?
Replies: 7
Views: 941

Bigger mortgage for lower rate?

Curious what your thoughts are on this one. I was talking to a mortgage broker and currently rates are lower for a jumbo loan. Non-jumbo is around 3.75% to 3.875%. However, jumbo loans in my area are $523,250 or more. We are looking at homes in the $800-$850 range. My plan was to put down about $450...
by berg
Sun Mar 13, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant this year?
Replies: 5
Views: 482

Re: Do I need an accountant this year?

You may want to check and make sure you have the right accounting for your NQSO sales... if you did a same day sale, the 1099 from your broker will show a gain, as they no longer include the taxable compensation that is also in your W2. So if you just entered straight from the 1099 you will be seei...
by berg
Sun Mar 13, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant this year?
Replies: 5
Views: 482

Do I need an accountant this year?

Just looking to get a sanity check here. I've done taxes myself through Turbotax forever (I'm 33). I don't think my tax situation is particularly complicated: Income: W2 (including some NQSO and RSU sales), bank interest, and some dividends from my two Vanguard mutual funds Deductions: Mortgage inte...
by berg
Sun Mar 13, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Is the benefit of paying credit card interest is just to get the item NOW instead of later?
Replies: 24
Views: 1844

Re: Is the benefit of paying credit card interest is just to get the item NOW instead of later?

Out of the blue I just had car problems to the tune of nearly $4000. For me it was a mere annoyance to have to spend funds on something not particularly enjoyable because of my income and savings. However, I could see how a lot of people might need to put it on a card without having a lot of options...
by berg
Fri Mar 04, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Will closing a checking account (with overdraft) hurt credit?
Replies: 5
Views: 639

Will closing a checking account (with overdraft) hurt credit?

I'm closing out a Citibank account as they are no longer brick and mortar in Massachusetts. I have a $5000 overdraft protection with them. I want to close this account out, but might be mortgage shopping in the next few months. According to credit karma, my TransUnion score is 811 and my Equifax is ...
by berg
Wed Mar 02, 2016 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Double check home loan numbers
Replies: 9
Views: 1432

Re: Double check home loan numbers

At a high level you should be fine, provided that you and your wife are comfortable with doing without a few of the finer things for the first couple of years post-move (e.g., not going hog-wild with new furniture, remodeling, etc). The one thing you might have overlooked is the increased property ...
by berg
Mon Feb 29, 2016 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Double check home loan numbers
Replies: 9
Views: 1432

Re: Double check home loan numbers

I'm 33, my wife is 30. That is still a lot of house that would not be a right choice for everyone so you need to be prepared to trade that off with your spending in some other areas for a while. You are in a great financial position but there is an old saying, "You can do anything you want, bu...
by berg
Mon Feb 29, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Double check home loan numbers
Replies: 9
Views: 1432

Re: Double check home loan numbers

I also think you are lowballing closing costs and what it can cost to move. Yes, you can get low/no closing cost mortgages, but they recoup the lower closing costs by having a higher rate. When it comes time, shop, shop, shop for the best mortgage (and in your situation I would pay discount points ...
by berg
Sun Feb 28, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Double check home loan numbers
Replies: 9
Views: 1432

Double check home loan numbers

Hi all - looking for a sanity check on my home purchase numbers to make sure I'm in the right range. Please stick to advice about the finances of this home purchase and not the "I wouldn't spend X on a home" or "You don't need more space" or "Move to a cheaper town" com...
by berg
Thu Feb 25, 2016 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise stock options to hold while price is lower?
Replies: 9
Views: 892

Re: Excercise stock options to hold while price is lower?

Thanks all! My gut was telling me it wasn't the right thing, but thanks for articulating it so well! :sharebeer
by berg
Wed Feb 24, 2016 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise stock options to hold while price is lower?
Replies: 9
Views: 892

Exercise stock options to hold while price is lower?

I doubt this is a sound strategy, but wondering what you guys might think. I have some options that are fully vested and don't expire until 2022. My company's stock has been volatile as of late (as have many companies). While I exercise and sell RSUs immediately, since I have already been taxed on t...
by berg
Thu Feb 18, 2016 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Calculating the value of a teacher's pension
Replies: 21
Views: 1670

Re: Calculating the value of a teacher's pension

Thanks all! I appreciate all the opinions on different calculations! :D At the end of the day, I'm not trying to calculate like an exact science. Just looking to illustrate the value to my wife. I handle the finances, but she was curious. She knows in theory that her pension as currently laid out is...
by berg
Wed Feb 17, 2016 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the value of a teacher's pension
Replies: 21
Views: 1670

Re: Calculating the value of a teacher's pension

Trying to calculate the value of a Mass. teacher's pension. As we plan, I think it is important to understand the value there. Currently 11% is deducted toward the pensions, with a full 80% payout at age 58. My wife will have worked 37 years at retirement, and at current salary and conservative gro...
by berg
Wed Feb 17, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the value of a teacher's pension
Replies: 21
Views: 1670

Re: Calculating the value of a teacher's pension

Will she also be eligible for SS. That's the biggest gripe I have about my wife's teacher pension plan: she gets a pension, but no SS. In her case she would be better off with SS and a 6% match in a 401k type vehicle. She is not - but she also doesn't contribute to SS. I haven't done the calculatio...
by berg
Wed Feb 17, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the value of a teacher's pension
Replies: 21
Views: 1670

Re: Calculating the value of a teacher's pension

jwtietz wrote:don't forget the contributions that the local district and the state has made into her fund. All three contribute a percentage.


Right - this is where I was saying, essentially she is getting a 100% match, even though she isn't explicitly in 401k type vehicle.
by berg
Wed Feb 17, 2016 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Calculating the value of a teacher's pension
Replies: 21
Views: 1670

Calculating the value of a teacher's pension

Trying to calculate the value of a Mass. teacher's pension. As we plan, I think it is important to understand the value there. Currently 11% is deducted toward the pensions, with a full 80% payout at age 58. My wife will have worked 37 years at retirement, and at current salary and conservative grow...
by berg
Wed Feb 10, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Feeling guilty for reducing taxable investments
Replies: 8
Views: 966

Feeling guilty for reducing taxable investments

Curious if anybody else has experienced this. Due to some stock options that I sold I was contributing to a taxable account while also saving a large portion in cash for a new home downpayment or home renovation fund. The time horizon was vague during the past few years, but we are getting to making...
by berg
Tue Feb 02, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3790

Re: Anybody budget for daycare like it is college?

Can't one of you forego your career and stay home with the children ?? :shock: Have you price out how much that costs?:) Is it possible? :happy It's funny -- I think this is the dilemma of high five figure salary. I know plenty of people who have a parent with a lower income and the decision is sim...
by berg
Mon Feb 01, 2016 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3790

Re: Anybody budget for daycare like it is college?

So what do you do with that 110k? Stick it in CDs? Invest it in stocks and you run the risk of the money not being there. In general any of these bucket schemes just make life hard. Accept daycare is expensive and pay it out of cash flow. If you can't cash flow it, you should reconsider your budget...
by berg
Mon Feb 01, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3790

Anybody budget for daycare like it is college?

This might just be me moving numbers around, but curious if anybody else thought of daycare costs like this. With our second on the way and four years of care expected for each child, I'd estimate in total it is about $110k (yes you read that number right). :oops: So from a budgeting perspective I c...
by berg
Sun Jan 31, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1920

Re: Home budget calculations

Looks like there are a ton of 4 bed / 2.5 bath homes in the $200-500k range all over the "HCOL" Boston area. Have you read the book, "The Millionaire Next Door", and similar books that talk about wasting money trying to keep up with the Jones's instead of what you need? You can ...
by berg
Sun Jan 31, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1920

Re: Home budget calculations

There are perfectly good forever homes for 150k. Where are we talking for 900k? Silicon Valley? I don't think there is anything that could ever make me want to pay 900k for a house. At 1%/y maintenance that's 9000 which is more than half of my yearly rent by itself. I would rather own a 300k house ...
by berg
Sat Jan 30, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1920

Re: Home budget calculations

If you're feeling uneasy with both options, this is a sign that you're probably stretching yourself too far to purchase the home. What is the motivation for seeking a new home? Is it really a need or is it just a want? Ha. I had a feeling I'd get a response like this as I was typing the words uneas...
by berg
Sat Jan 30, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1920

Home budget calculations

I'm trying to run some numbers and would love a take from the Bogleheads. Thinking up upgrading to a permanent home and thinking about a range of $800-$900k. So two scenarios I'm looking (I suppose this is just a different version of pay down or invest). 1. Use equity in current home + savings to pu...
by berg
Fri Jan 29, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1342

Re: Re-buy after TLH? First timer!

Well, if you put it that way: Doing it today is market timing. Waiting is market timing. I think the only you can say it is not market timing is to roll the dice and do the exchange in 2 to 12 days. :) Or roll one die and do the exchange in 1 to 6 days. I honestly wasn't trying to be cute. Just my ...
by berg
Thu Jan 28, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1342

Re: Re-buy after TLH? First timer!

livesoft wrote:
Also, since you like VTIAX, why not wait until VFWAX goes down some more? I don't see what the rush here is myself.


Isn't that just market timing? If I'm down $4k, which is a substantial amount, why not just take it?
by berg
Wed Jan 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1342

Re-buy after TLH? First timer!

Quick question for the experts here. I sold VTIAX for a loss on 12/28/15 and bought VFWAX. Since then, VFWAX is down another $4,100. Today is the 30th day from when I sold. So am I safe to buy VTIAX back tomorrow on the 31st day? Given I'm down another $4,100 seems like the right thing to do. Thanks!
by berg
Tue Jan 26, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Co-owner of safe deposit box?
Replies: 13
Views: 1337

Re: Co-owner of safe deposit box?

Feels like there should be a simpler solution for keeping the original copy of your will! Sigh.
by berg
Mon Jan 25, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Co-owner of safe deposit box?
Replies: 13
Views: 1337

Co-owner of safe deposit box?

Finally got a will and I am thinking of opening a safe deposit box at my local bank for the will and some other items. I'd feel more comfortable not keeping it in the house. One idea I had was to make a trusted friend a co-owner, so they would have access to the box in the event something happens to...
by berg
Sun Jan 24, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1700

Re: Brick and Mortar Bank in Massachusetts?

Signature Guarantees: Preventing the Unauthorized Transfer of Securities http://www.sec.gov/answers/sigguar.htm An investor can obtain a signature guarantee from a financial institution – such as a commercial bank, savings bank, credit union, or broker dealer – that participates in one of the Medal...
by berg
Sun Jan 24, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1700

Re: Brick and Mortar Bank in Massachusetts?

In researching Needham Bank, they seem like a really great. The one thing that came up is they have a "signature guarantee," but not a "medallion signature guarantee." I've never needed that before. Is that a big difference that I need to be worried about? I don't currently own a...
by berg
Thu Jan 21, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1700

Re: Brick and Mortar Bank in Massachusetts?

I've always only had Citizens Bank coming up on nearly 20 years now. I like that they have branches at supermarkets and that they are open late and on weekends. Never had a reason to leave - although I am grandfathered into a pretty good fee-free checking account. Funny you mention that! My wife an...
by berg
Thu Jan 21, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1700

Brick and Mortar Bank in Massachusetts?

I just found out (which shows just how often I use my brick and mortar bank), that Citibank has closed all of it's retail locations in Massachusetts. For about 10 years I've used them as my primary brick and mortar, while also using Ally for savings. I generally like the idea of having a brick and m...
by berg
Wed Jan 20, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie to tax loss harvest question
Replies: 2
Views: 238

Newbie to tax loss harvest question

Trying to see if from my reading I understand the future implications of tax loss harvesting. I'm sure someone here will correct me on something, but trying to have a simplified view! :D So theoretically, if I were to TLH $30,000 in losses today, then for the next ten years didn't sell any stocks (i...
by berg
Mon Jan 18, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 703

Re: Any reason not to TLH right now?

Hi all - I have a bout $65k in my taxable account in TSM (VTSAX) that is currently down $5k. Even with spec ID, all lots are in the red. Any reason not to TLH right now? I'm still new to TLH and did it for the first time with my international allocation in December. It is something I had looked at ...
by berg
Mon Jan 18, 2016 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 703

Re: Any reason not to TLH right now?

Thank you both. Corrected my original post. That was a typo livesoft. I was talking about TSM. Case in point why a 3 fund portfolio is great for me! I can't even keep track of my three funds. :D So yes - TSM or VTSAX. And great point iceport on VLCAX. I thought there was another fund that was closer...
by berg
Mon Jan 18, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 703

Any reason not to TLH right now?

Hi all - I have a bout $65k in my taxable account in TSM (VTSAX) that is currently down $5k. Even with spec ID, all lots are in the red. Any reason not to TLH right now? I'm still new to TLH and did it for the first time with my international allocation in December. It is something I had looked at b...
by berg
Wed Dec 23, 2015 8:17 am
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 710

Re: First time tax loss harvesting - looking to double check

Okay - so it switched over to spec ID and now I can choose. Of about 54 lots, only 4 are positive for total gain for about $17 and total value of $1500. Should I keep these 4 profitable lots or would it be simpler just to sell all of the shares of VITAX in my taxable account for simplicity and not w...
by berg
Tue Dec 22, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 710

Re: First time tax loss harvesting - looking to double check

I suppose that is a good point. Just figured I was selling all for my $6,600 loss. I just tried going in and needed to update to spec ID. So won't be able to update until tomorrow now anyway according to the Vanguard.
by berg
Tue Dec 22, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 710

Re: First time tax loss harvesting - looking to double check

You may have to do somthing else first: 1. Set your cost basis method to Specific Identification and make sure it has been changed. 2. Read this other thread: https://www.bogleheads.org/forum/viewtopic.php?t=179414 3. Since VTIAX will not pay out any more distributions for a while, I do not think y...
by berg
Mon Dec 21, 2015 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 710

First time tax loss harvesting - looking to double check

Hi all - this is about to be my first time TLH and just want to make sure my plan is sound. I've read this TLH for dummies post and think I understand (https://www.bogleheads.org/forum/viewtopic.php?f=10&t=172568), but for some reason I find this intimating. So as it stands, I have holdings of V...
by berg
Sun Dec 20, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Early mortgage and property tax payment?
Replies: 6
Views: 914

Early mortgage and property tax payment?

Due to the sale of some stock options, I'm in a higher than usual tax bracket and trying to be smart about it this year. From what I've read, I can make my Jan mortgage payment and Feb property tax payment in December and be able to deduct for 2015. Is this correct? Is there anything special I need ...
by berg
Tue Dec 08, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will, POA, Trust, Health Care Proxy - standard?
Replies: 1
Views: 282

Will, POA, Trust, Health Care Proxy - standard?

I'm working with an attorney to create a Will, Durable Power of Attorney, Trust, and Health Care Proxy for my wife and I. He's sent over the docs to review. I've read through them (though some of it is a bit dense for me). They seem like pretty much standard boiler plate with our names entered. The ...
by berg
Tue Nov 17, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2220

Re: Meeting with an attorney tomorrow for a will - what should I ask?

Thanks all. This was very helpful. One thing that I wanted to check-on. He said it was pretty straight forward. He did say thought that if my assets were in excess of $1.5mm, it would be beyond what he does and I'd need to see a tax attorney. My assets are about $1.2mm. Is there any reason I should...
by berg
Tue Nov 17, 2015 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2220

Re: Meeting with an attorney tomorrow for a will - what should I ask?

Thanks all. This was very helpful. One thing that I wanted to check-on. He said it was pretty straight forward. He did say thought that if my assets were in excess of $1.5mm, it would be beyond what he does and I'd need to see a tax attorney. My assets are about $1.2mm. Is there any reason I shouldn...
by berg
Mon Nov 16, 2015 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2220

Meeting with an attorney tomorrow for a will - what should I ask?

I'm meeting with an attorney tomorrow to set up a basic will and trust. I have a benefit through work that covers this legal work. I don't think our finances are particularly complicated. We have a 1.5 year old with a second baby on the way. Anything you wish you had known ahead of time?

Thanks!
by berg
Sun Aug 30, 2015 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Calculating value of mortgage interest deduction
Replies: 13
Views: 1364

Calculating value of mortgage interest deduction

Curious if my math is right here. I feel like I'm missing something, so looking to bounce my numbers off the smart folks here. We are in the process of looking at upgrading our homes. When I'm calculating our payment, one thing I was trying to look at is the value of the mortgage interest deduction ...

Go to advanced search