Search found 165 matches

by chinto
Tue Jul 18, 2017 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Do you guys accept first Job offer or negotiate?
Replies: 26
Views: 1690

Re: Do you guys accept first Job offer or negotiate?

In general the only times you have leverage with an employer is at initial hire time and when you have an offer in hand from another employer.
by chinto
Tue Jul 18, 2017 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5296

Re: Investment advice for $4 million - can I do all stocks?

I love all of the advice on this forum. This is my first actual question, but thanks a ton for all of the advice I've gleaned off of other threads in the past. Hopefully I'll be able to give back as I learn more. My wife and I are coming into 4 million dollars and I think we're comfortable enough t...
by chinto
Mon Jul 17, 2017 1:17 am
Forum: Investing - Help with Personal Investments
Topic: Personal Finance Milestone: 20 Times Annual Expense
Replies: 92
Views: 7415

Re: Personal Finance Milestone: 20 Times Annual Expense

Hi, As of this Friday, my investment had reached 20 times my current annual expense. There is a light at the end of the tunnel. And, it is not a train. It had been a long and hard struggle over the last 10+ years but it looks like I will make it. 10+ years ago, Telecom bust wiped out 50% of my inve...
by chinto
Sat Jul 15, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp - minimize taxes, maximize deductions
Replies: 29
Views: 1972

Re: S Corp - minimize taxes, maximize deductions

What is this "retained earnings issue"? I have an S Corp and have not heard of this. I worded that poorly. By definition, retained earnings means you pay ordinary income taxes on the earnings. That is the problem. The idea is not to retained income and retained earning is an indication yo...
by chinto
Fri Jul 14, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 94
Views: 4512

Re: What advice to give 21 year old?

I think the definitive answer was given in 1896 by a Shropshire Lad: Alfred Edward Housman in the form of a poem entitled: When I was One and Twenty. Enjoy... When I was one-and-twenty I heard a wise man say, ‘Give crowns and pounds and guineas But not your heart away; Give pearls away and rubies Bu...
by chinto
Fri Jul 14, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 136
Views: 11141

Re: How are folks handling the unprecedented rise in the market ?

I like many others am a skeptic of this market, given the volatile political situation and lack of any real improvements such as tax reform or infrastructure bills. But the fact is that the market still keeps going up. I am still in the market but What is everybody else doing ? Keeping the faith or...
by chinto
Fri Jul 14, 2017 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Tony Robbins new book Unshakeable
Replies: 21
Views: 2272

Re: Tony Robbins new book Unshakeable

Tony Robbins is what we call a dou_ _ e.

Mr. Hotfoot himself:

https://www.youtube.com/watch?v=LfYtHbmI-NI
https://www.youtube.com/watch?v=7_YD1mmJ8O4
https://www.youtube.com/watch?v=a2c8PMmQxJs

Yeah, I would listen to this huckster. He is a genius.
by chinto
Fri Jul 14, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp - minimize taxes, maximize deductions
Replies: 29
Views: 1972

Re: S Corp - minimize taxes, maximize deductions

I should point out that realizing income in your hand is incontinent with reducing your income taxes unless you do not mind audits. In other words it is hard to put cash in your hand and also not have it taxed. The traditional way you do that is with depreciation and deductions which are audit flags...
by chinto
Thu Jul 13, 2017 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bond Website?
Replies: 34
Views: 1739

Re: Corporate Bond Website?

Within the next several months, I'd like to invest in a number of individual investment grade corporate bonds that term anywhere from 2 to 5 years. These bonds would be held until the maturity date so my principal would not be affected by rising rates. I have a long history investing in stocks, but...
by chinto
Thu Jul 13, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp - minimize taxes, maximize deductions
Replies: 29
Views: 1972

Re: S Corp - minimize taxes, maximize deductions

Let me help you. A business can buy assets. If the income from your business is used to buy an asset for the business the money used to pay for the asset is not taxable.

As I said, you need a different accountant.
by chinto
Thu Jul 13, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Working in New York City and living in NJ: Taxes
Replies: 26
Views: 1921

Re: Working in New York City and living in NJ

Is there a website I can use to make a comparison of the taxes for living on one state and working in another? You really, really, really should look at more than current taxes. For instance, NJ is currently the State with the worst fiscal situation in the nation, followed by Illinois. What that me...
by chinto
Thu Jul 13, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Which online brokerage is best as I get into investing on my own
Replies: 4
Views: 519

Re: Which online brokerage is best as I get into investing on my own

Hmmm...first post and you come to the BogleHead forum and start out looking for a broker to help you find a hot stock lottery ticket. In the event you are in earnest and not a troll, try this to help you get your mind right: https://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy
by chinto
Thu Jul 13, 2017 2:42 am
Forum: Personal Finance (Not Investing)
Topic: S Corp - minimize taxes, maximize deductions
Replies: 29
Views: 1972

Re: S Corp - minimize taxes, maximize deductions

Yes, you are missing a lot. You really need to find a good accountant. Seriously.
by chinto
Thu Jul 13, 2017 2:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 6524

Re: Do you consider business travel to be a perk or a burden?

I am sitting on over 3 million American Airline miles, 3 million Hilton Honor points, several hundred thousand Marriott points and a bunch of misc stuff. That being said my idea of a good time is not hopping on a plane and staying in a hotel at present, but when I retire? If you are going to value t...
by chinto
Thu Jul 13, 2017 1:22 am
Forum: Investing - Help with Personal Investments
Topic: 13 year old with $2000 to invest
Replies: 20
Views: 2070

Re: 13 year old with $2000 to invest

If the odd jobs meet the IRS definition for taxable compensation, I would recommend opening a Roth IRA for the portion of the money not needed in the immediate future. As mhalley listed above, Schwab is a good place for low minimum funds, or she could use Fidelity or Vanguard and go with ETFs inste...
by chinto
Wed Jul 12, 2017 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Working as a freelance consultant: Sole proprietorship, SCorp or LLC?
Replies: 14
Views: 906

Re: Working as a freelance consultant: Sole proprietorship, SCorp or LLC?

Sniff around for a good accountant, interview them and them decide. They should be accountants/CPAs who focus on taxes. You will find one structure far more suitable for reducing your taxable income. Remember you are paying both sides of SS so it is a major goal to reduce your income as much as poss...
by chinto
Wed Jul 12, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Starting college savings
Replies: 29
Views: 2125

Re: Starting college savings

I would think very carefully about this. I would save outside of a college savings plan. College costs in the future are likely not going to look like today. A number of colleges are now "free" and the number is likely to grow. Moreover the future is likely to be one of continuous educatio...
by chinto
Tue Jul 11, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Making the Leap to Self-Employment
Replies: 16
Views: 1576

Re: Making the Leap to Self-Employment

What were the circumstances that lead to you going out on your own? I could not find a way to get my income up to the level I desired by working for someone else. Also my departed father had told me, son you really need to work for yourself. You are just not the employee type. He was correct, as us...
by chinto
Tue Jul 11, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 113
Views: 5264

Re: Shopping for first bike since I was a kid

If it's relatively flat where you live, consider a single speed bike. There's much less to break and maintain if you don't have to shift, and the simplicity can be really nice for a beginner. Just a comment on this, this is important if you are planning on biking in the winter is a snow/ice area. B...
by chinto
Tue Jul 11, 2017 1:47 am
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 113
Views: 5264

Re: Shopping for first bike since I was a kid

My advice...I have a 1983 10 speed Puch Odyssey I purchased new that I have ridden from IL to CA and back roughly several times and all over the country. It is old technology, heavy etc(actually a tightly ratioed touring bike - sucks on the upgrade)...but that bike has never failed. Understand there...
by chinto
Tue Jul 11, 2017 1:26 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 93
Views: 6003

Re: How much of an increase of salary would you expect before switching jobs?

How crazy is this idea: The HR guy told me at the last interview they are possibly looking to hire two developers and told me to let him know if I know anyone that might be interested. Apparently they are looking to expand the department. I work non-traditional hours including one day off during th...
by chinto
Tue Jul 11, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Switch to federal job?
Replies: 80
Views: 7148

Re: Switch to federal job?

I know a plethora of decade plus Federal contractors who converted to Govies and cannot believe how much better life is on the Govie side. Most are shocked by the health care provision for retirement. I can think of 17 people who converted in the last 3 years and are lovin' on their Govie status. Th...
by chinto
Mon Jul 10, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 93
Views: 6003

Re: How much of an increase of salary would you expect before switching jobs?

You are an experienced hire not a college hire. I would tell them you value your family time and ask for 4 weeks of vacation. They may counter with 3, if not I would not take it. If they value you, they will make an accommodation of at least 3 weeks. If not, you area commodity to them. Better the de...
by chinto
Mon Jul 10, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is the only way to see what people make in business to ask them?
Replies: 12
Views: 1476

Re: Is the only way to see what people make in business to ask them?

You can hire a consultant to tell you. And no, I am not soliciting business here, I have a multi-year waiting list and am looking to retire. Almost every business vertical has consultants who serve in an advisory role. For instance if you want to start a sub concept there are a plethora of consultan...
by chinto
Mon Jul 10, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 47
Views: 3244

Re: Fidelity, Vanguard or Schwab? I need to choose.

bondsr4me wrote:
Wricha wrote:Personally over the course of 30 years I have been with all three, Schwab's service is heads above Fidelity and heads and shoulders above Vanguard (this is capital offense on this site)


+1

I tend to agree with it all.

Don


I agree too.
by chinto
Mon Jul 10, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4330

Re: Dave Ramsey's advice on investing?

I generally have issues with people who built their personal wealth by aggressively hawking generic advice to the masses. That goes for Dave Ramsey and Robert (who is your daddy) Kiyosaki.
by chinto
Mon Jul 10, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Robo advisor
Replies: 20
Views: 2304

Re: Vanguard Robo advisor

Too much attention is being given to Vanguard's transient staffing and systems build-up challenges during a period when massive funds are being transferred to Vanguard as people learn about low ER index fund investing. We have had all of our non-employer-based savings at Vanguard for over thirty-fi...
by chinto
Mon Jul 10, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1330

Re: Should I invest in this business?

Let me give you the secret code..... If it is such a great business, why is he willing to give up 49%? A. He wants to cash out and leave you holding the bag. Pardon the pun. B. He needs a cash infusion to continue to operate the business. Hell, no. Run away! As a former serial entrepreneur I can sa...
by chinto
Mon Jul 10, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1330

Re: Should I invest in this business?

You really need a lot more information. It starts with a customer demographic profile, to make sure you have the customer base and they have the disposable income to support the business. Next you need a survey of the competitors and also what happens to the projected profit and loss if a competitor...
by chinto
Mon Jul 10, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 47
Views: 3244

Re: Fidelity, Vanguard or Schwab? I need to choose.

If you are going to stay in place for a while (not move), I would decided between Fidelity and Schwab based on which one has an office closer to me. Both are excellent. I think Fidelity has great product offerings and a fantastic fixed income support desk(IMO, the best in the industry)..but I think ...
by chinto
Fri Jul 07, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 43
Views: 4872

Re: For retirement at 55 what is a good multiplier?

No really. I don't know how to make it clear. If 50x is what makes you feel safe, and then your predicted health insurance expense goes up, it should still be 50 times a BIGGER number, not 62.5x your original number. Your method is very strange to me. Most of us multiply expected expenses by 25x-30...
by chinto
Fri Jul 07, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Question - Roth IRA
Replies: 16
Views: 821

Re: Practical Question - Roth IRA

Phineas J. Whoopee wrote:
chinto wrote:...
What is a "DH"?

Dear Husband.
PJW


Awww...that is so cute. Thank you for the response.
by chinto
Fri Jul 07, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 43
Views: 4872

Re: For retirement at 55 what is a good multiplier?

I included a guesstimate of health care, which is why I pushed from 50X current lifestyle expenses to 62.5X. You're just doing it opposite from the rest of us. We say one needs 25x to 30x expenses. Expenses INCLUDE health care. So I might say I need $50k a year without health care so a guestimate f...
by chinto
Fri Jul 07, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Question - Roth IRA
Replies: 16
Views: 821

Re: Practical Question - Roth IRA

But my wife works. So, two separate logins? I can only speak to my experience with Vanguard, but hopefully it's helpful. I recently opened up a ROTH IRA for DH. I called Vanguard for some advise. I was advised to have DH create a separate account and then have DH (if he agreed, of course) complete ...
by chinto
Fri Jul 07, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Practical Question - Roth IRA
Replies: 16
Views: 821

Re: Practical Question - Roth IRA

Each of you needs W2 (or other earned, e.g. non-investment) income independently up to the Roth contribution and the I in IRA means individual so each of you would need separately opened/title accounts with separate up to $5,500 contributions A correction. Your spouse does not need income. Only one...
by chinto
Fri Jul 07, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Helping an 18 year old start investing
Replies: 16
Views: 818

Re: Helping an 18 year old start investing

I'll disagree with the consensus so far. At 18, total stock market or S&P 500 all the way. The best part is, they should be instructed to mechanically write down the ending balance. After 10 years they will have seen some volatility and developed an awareness that will allow them to stay the cou...
by chinto
Fri Jul 07, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 43
Views: 4872

Re: For retirement at 55 what is a good multiplier?

This is a good thing? Was this achieved to due to insane returns, generous pension, frugal lifestyle or very high compensation? What age are you planning to retire? What are you seeing that necessitates such a high multiple of expenses? This is a good thing? I think so yes. Bot you are talking to a...
by chinto
Fri Jul 07, 2017 1:35 am
Forum: Personal Finance (Not Investing)
Topic: HO Insurance Deductible
Replies: 15
Views: 1028

Re: HO Insurance Deductible

10K...I also have the property underinsured as the rebuild cost is 4x the market price...I try an dkeep my premium below 400 a year.
by chinto
Fri Jul 07, 2017 1:07 am
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 11309

Re: "Bond wipeout has just begun"???

This is why I am luving on my stable value fund...
by chinto
Fri Jul 07, 2017 12:36 am
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 43
Views: 4872

Re: For retirement at 55 what is a good multiplier?

I am almost there...I originally shot for 50X but after reflection went with 62.5X...I should hit it this year... : ) I increased it because of the uncertainty of healthcare... This is a good thing? Was this achieved to due to insane returns, generous pension, frugal lifestyle or very high compensa...
by chinto
Thu Jul 06, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: For retirement at 55 what is a good multiplier?
Replies: 43
Views: 4872

Re: For retirement at 55 what is a good multiplier?

I am almost there...I originally shot for 50X but after reflection went with 62.5X...I should hit it this year... : ) I increased it because of the uncertainty of healthcare...
by chinto
Thu Jul 06, 2017 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard got rid of Ask A CFP
Replies: 9
Views: 1246

Re: Vanguard got rid of Ask A CFP

I think folks are expecting too much from CFP's at Vanguard and elsewhere. First, Vanguard has never done a financial plan as far as I am aware. They do an investment plan. But ask them about taxes, insurance, estate planning, then you are simply out of luck. I expect that the CFP's at the other pl...
by chinto
Thu Jul 06, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a move to Vanguard
Replies: 37
Views: 2479

Re: Considering a move to Vanguard

Okay, FINALLY got the formatting right on the 403b options. It was a very manual process as the spreadsheets americanfunds provides doesn't include all the info in one sheet, and then they have ALL funds, not just the ones I can select. Car payments is definitely my biggest failure in finance. I am...
by chinto
Thu Jul 06, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Accounting for Dividends in Safe Withdrawal Rate
Replies: 42
Views: 2309

Re: Accounting for Dividends in Safe Withdrawal Rate

Hi all, I was wondering how you account for dividend payments when determining safe withdrawal rate in retirement. As an example, VTSAX has a dividend yield of 1.84%. Under the assumption a retiree requires $50,000 a year (inflation aside for now), if their nest egg was $2.7M, the dividend payment ...
by chinto
Thu Jul 06, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard got rid of Ask A CFP
Replies: 9
Views: 1246

Re: Vanguard got rid of Ask A CFP

Scottrade, Fidelity and Schwab all offer free CFP access (at least to me).
by chinto
Thu Jul 06, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Fund Choices At Fidelity In Roth IRA
Replies: 16
Views: 954

Re: Help With Fund Choices At Fidelity In Roth IRA

You do know for the $4.86 cents a year you are paying on FFNOX you do get a lot..automatic re-balancing etc. I mean that is a cup of coffee. Now when you get a couple of million the difference between .04% and .15% is somewhat more substantive $800 vs $3000. Or even at 100K $40 vs $150. All in all I...
by chinto
Wed Jul 05, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a move to Vanguard
Replies: 37
Views: 2479

Re: Considering a move to Vanguard

First post, less than pleased with my "financial adviser". There was some worth in his tax planning advise when I was self employed, but that is no longer the case. I want to ensure that I am not missing out on gains on my investments due to poor management. • Emergency Funds – Check • De...
by chinto
Wed Jul 05, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 4853

Re: What is the advantage of deferring taxes vs paying them up front?

My view is we do not know what tax policies will be in place years from now. So using today's rates or some historic lookback may be the best we can do when deciding, but it's somewhat akin to using past stock market performance to predict the market's future. For all we know, sometime down the roa...
by chinto
Wed Jul 05, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover an exiisting IRA to my current 401K account?
Replies: 49
Views: 2999

Re: Should I rollover an exiisting IRA to my current 401K account?

Rolling an IRA in can be very tricky, so make sure you get explicit instructions. I was shocked by the requirement that I take possession rather than a custodian to custodian transfer. That caveat out of the way, I would do it in a heartbeat. A single place to deal with RMDs, superior creditor prote...
by chinto
Wed Jul 05, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 4853

Re: What is the advantage of deferring taxes vs paying them up front?

The issue I have with deferring taxes is you become a member of an imaginary socio-economic group that may become a target at any time and as part of this group your access to your money is under very strict regulatory control.

Personally I do not think this is an unreasonable concern.

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