Search found 98 matches

by davidlukewilcox
Sat Apr 16, 2016 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Planning For Social Security Survivor Benefits In Will
Replies: 6
Views: 724

Planning For Social Security Survivor Benefits In Will

Hi, My wife and I are about to create our will. Between our assets currently and life insurance, we would leave our two daughters about $2 million total. I realized, though, that I didn't know anything about how social security survivor benefits work. I've been working for about six years, and my wi...
by davidlukewilcox
Sat Dec 05, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Before I sign...realtor contract
Replies: 40
Views: 2413

Re: Before I sign...realtor contract

One other thing. There are a lot of reasons why you would want to sever ties with this agent. If you do, you want to make sure you're not hindered from starting with someone else. Most of these contracts have a clause that award them a commission if you sell the house within X months after canceling...
by davidlukewilcox
Sat Dec 05, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Before I sign...realtor contract
Replies: 40
Views: 2413

Re: Before I sign...realtor contract

Something to think about--If your house sells well, I would use a MLS Listing Agent. These are agents that charge a very small fee ($100-$200) to just put your house on the local MLS in the area and also give you comps from that MLS. The MLS in my area is hidden. They don't do any "negotiation&...
by davidlukewilcox
Sat Dec 05, 2015 9:21 am
Forum: Investing - Help with Personal Investments
Topic: I am 34 and have only 3000 bucks to invest...This is a job for...THE BOGLEHEADS
Replies: 49
Views: 3894

Re: I am 34 and have only 3000 bucks to invest...This is a job for...THE BOGLEHEADS

Crazy idea that I don't think anybody has said yet. At least, I couldn't find it above-- Get ready to go back to school. Your income is *super* low if you've already scrimped and saved all you can muster is $100 per month. A bachelors degree in Computer Science or a related field will put you in a g...
by davidlukewilcox
Wed Dec 02, 2015 9:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 17
Views: 1389

Re: Salt Lake City Bogleheads

I would come. I'm in Lehi.
by davidlukewilcox
Fri Nov 13, 2015 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 5/1 or 30 year or 15 year mortgage and use the difference to invest
Replies: 16
Views: 1376

Re: 5/1 or 30 year or 15 year mortgage and use the difference to invest

The finance buff did a great article on this. The punchline is that it's almost always better to go shorter term (like 15-year instead of 30-year). The reasoning is that going for 15-year gives you a break in interest rates that's front-loaded, while you don't have significant investments in 30-year...
by davidlukewilcox
Fri Nov 13, 2015 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Want to retire in less than 2 yrs, think I can?
Replies: 16
Views: 3549

Re: Want to retire in less than 2 yrs, think I can?

Is moving to somewhere in the lower 48 an option?
by davidlukewilcox
Wed Sep 16, 2015 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent House After Moving
Replies: 5
Views: 336

Re: Sell or Rent House After Moving

zagyzebra wrote:Don't forget to factor in an increase in insurance. The rates go up from homeowner's insurance to landlord insurance.


It's already there increasing at inflation. :happy
by davidlukewilcox
Wed Sep 16, 2015 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent House After Moving
Replies: 5
Views: 336

Re: Sell or Rent House After Moving

Make sure you factor in your time. Time spent finding and vetting renters. Time spent on repair calls. Time spent repainting and cleaning up when a renter moves out. Time spent on thinking about all of the above. Can you come out slightly ahead after 2 or 3 years? Maybe. Is it worth your time? Only...
by davidlukewilcox
Wed Sep 16, 2015 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent House After Moving
Replies: 5
Views: 336

Sell or Rent House After Moving

Hi, I made up a spreadsheet that seems to suggest I could make money above the stock market (about $8k) renting out my current house for the short-term for the next two or three years (since the gain is not taxable since I'd have lived there for 2 of the last five years). But, after three years, it ...
by davidlukewilcox
Tue Jul 21, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Huge Mistake, Bought PBYI, Now What?
Replies: 26
Views: 3714

Re: Huge Mistake, Bought PBYI, Now What?

Are you asking us how to gamble with your money? I don't have a gambling account, so it's hard for me to sympathize, but I'd say take your money out. In the end, this whole account is about doing what feels good in your gut...
by davidlukewilcox
Tue Jul 21, 2015 10:45 pm
Forum: Personal Consumer Issues
Topic: Jet.com
Replies: 56
Views: 7547

Re: Jet.com

Amazon is known for a business model of super low margins. I'd hate to try to compete with them on price, since they already don't make much money. They have negative earnings per share per their last earnings call.
by davidlukewilcox
Sun Jul 12, 2015 2:50 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

I think I've gotten what I wanted out of this... specifically that nobody here knows of any public verifiable research that suggests that buying on a dip is a useful thing to do. If anyone can point to anything concrete in the future, please let me know. Thanks.
by davidlukewilcox
Sun Jul 12, 2015 2:00 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

1. Right. These scientists make a name for themselves doing something public (like in an academic conference or journal), then afterward after they have established credibility on how smart they are, can sell advise to others. I definitely think advise for particular situations should be paid for. B...
by davidlukewilcox
Sun Jul 12, 2015 1:43 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

Selling secrets and useful information to others is a very human activity. Imagine if Jim Simons of Renaissance Technologies gave away all RT intellectual property for free. I guess this is rather off topic now. I have a few thoughts. 1. Do you think scientists and mathematicians make more or less ...
by davidlukewilcox
Sun Jul 12, 2015 1:21 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

I have not published the research and will not publish it. However, I just gave a link with links. Ah. It wasn't clear that the link you have above link was about RBDs. From the context you gave it seemed to be a compilation you made of your quotes. Thanks. Frankly, that's a problem I have with fol...
by davidlukewilcox
Sun Jul 12, 2015 12:51 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

My question is trying to get at that we focus on the loss from the dip and that loss feels great. We don't think about the years where there is no dip and the opportunity cost of not investing that year. What if Jan 1 is the dip? Do we have evidence weighing both the risk of loss and gain weighting...
by davidlukewilcox
Sun Jul 12, 2015 12:31 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

The finance buff is a poster here. You should ask that person directly. PJW I did back when the post was made. His evidence was weak and I already discussed it above providing my own refutation for his arguments. It was basically that most years have a 2% dip so he uses that. He didn't have any ana...
by davidlukewilcox
Sun Jul 12, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

Phineas J. Whoopee wrote:If you want evidence it works, why aren't you searching for some? Then you could come back and ask us what we think of it.

PJW


Asking the best finance experts I know plus those advocating the strategy is part of this search. I am doing the search and this forum part is one part of it.
by davidlukewilcox
Sun Jul 12, 2015 12:19 pm
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

Your specific scenario, 90% 2% dip, 10% 30% gain, is so unrealistic as to be unnecessary to address. What do you mean by a "2% dip?" Two percent relative to what? Previous year close? High point current year? What do you mean by a "year?" A western calendar year? Twelve western ...
by davidlukewilcox
Sun Jul 12, 2015 11:47 am
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Re: Any empirical evidence that suggests waiting for a dip

My question was not to ask if there are dips in most years. In sure there are in most years. And in those years you would do better to wait for those dips. My question is trying to get at that we focus on the loss from the dip and that loss feels great. We don't think about the years where there is ...
by davidlukewilcox
Sun Jul 12, 2015 11:15 am
Forum: Investing - Theory, News & General
Topic: Any empirical evidence that suggests waiting for a dip
Replies: 56
Views: 4035

Any empirical evidence that suggests waiting for a dip

Hi. I know there are a lot of smart people here that when they get cash or are going to make a yearly investment that they wait for a dip. I know the finance buff said he does this with 2% because he says that in almost all years the market comes down 2% from the beginning. My concern is that this t...
by davidlukewilcox
Sun Jul 12, 2015 9:14 am
Forum: Investing - Help with Personal Investments
Topic: 21 year old making first investment
Replies: 10
Views: 578

Re: 21 year old making first investment

What are your short-term and long-term financial goals?

In general, I like to put my money in these locations for short-term vs long-term goals:

current to 2 years -- bank account.
2-10 years -- CDs or bonds.
10+ years -- stocks.

Of course, this all depends on your particular risk tolerance.
by davidlukewilcox
Sun Jun 21, 2015 9:55 am
Forum: Personal Finance (Not Investing)
Topic: House plus rental purchase- please analyze
Replies: 3
Views: 698

Re: House plus rental purchase- please analyze

The answer to your question about whether or not you should take in the mortgage depends much on current retirement savings, how long you both desire to keep working and estimated expenses. You should update the thread with that info.
by davidlukewilcox
Fri Jun 12, 2015 9:30 am
Forum: Personal Finance (Not Investing)
Topic: New Employer Contribution To HSA Mid Year
Replies: 2
Views: 233

New Employer Contribution To HSA Mid Year

Hi, I'm thinking seriously about switching employers. I maxed out my HSA this year already with my current employer. The new plan I get on will probably be an employer plan where they contribute money to it. As I understand it, that money will go against my $6650 maximum yearly contribution (which I...
by davidlukewilcox
Wed Jun 03, 2015 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: 26, 100k, no debt, no investments
Replies: 23
Views: 1689

Re: 26, 100k, no debt, no investments

I guess I am looking for something more concrete than stocks, that have a similar yield, and maybe less risk ? A_merman, you should study Modern Portfolio Theory. What you're trying to do is find alpha. Alpha is defined as return beyond that which has been risk adjusted. Another way to look at this...
by davidlukewilcox
Mon May 25, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 12
Views: 1215

Re: Backdoor Roth IRA Considerations

Thanks for all the help here. I was just getting ready to start this process. I noticed a potential problem. Line 6 of Form 8606 asks what is the balance of your traditional IRAs on December 31 of *last year*. We're into May of the following year. I'm going to have to consider all of my wife's IRA a...
by davidlukewilcox
Thu Apr 23, 2015 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Advice For Buying A House From A Big-Box Builder
Replies: 11
Views: 2103

Advice For Buying A House From A Big-Box Builder

Hi, My wife and I are about to build a house with a big-box builder. The builder is building literally one minute driving away from her work, and about three minutes away from my work, which is why we wanted to go with them. It's literally just across the street from her work, and down the road from...
by davidlukewilcox
Sun Apr 12, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Getting married-do I really need a will?
Replies: 26
Views: 2429

Re: Getting married-do I really need a will?

The estate planning attorney that did our most recent wills, etc. gives an actual case of why almost everyone needs a will. This is a case of a recently married couple - with no will. Dm200, I'm sure that there are situations like the one you discussed where having a lawyer draft a will for you wou...
by davidlukewilcox
Sun Mar 29, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Maximize HSA or ESPP? Cash Flow Issues
Replies: 4
Views: 700

Re: Maximize HSA or ESPP? Cash Flow Issues

It seems pretty obvious to at least get the company match from the hsa. I would also prioritize hsa above Roth ira. Can you talk about your espp plan a little more?
by davidlukewilcox
Sun Mar 22, 2015 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 12
Views: 1215

Re: Backdoor Roth IRA Considerations

I started looking at this today. I recently did a rollover of after-tax funds from this 401k to a Roth IRA in my wife's name. Would this disqualify us from rolling a taxable IRA into this same 401k since we already did it in that calendar year? Can I then later within 365 days rollover more after-ta...
by davidlukewilcox
Wed Mar 04, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 12
Views: 1215

Re: Backdoor Roth IRA Considerations

I was editing my post while you responded. If your wife's 401k plan has low cost investment options and accepts inbound rollovers from IRA, she could rollover all of her Traditional IRA assets into the 401k and invisible to IRS form 8606. This would clean things up and allow her to use the backdoor...
by davidlukewilcox
Wed Mar 04, 2015 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 12
Views: 1215

Re: Backdoor Roth IRA Considerations

Are you and your wife contributing to Traditional 401k, 403b, or 457b? These traditional contributions will reduce your AGI and MAGI for Roth IRA purposes to help you stay under the MAGI limits for direct Roth IRA contributions. Roth 401k/403b/457b contributions do not reduce AGI/MAGI. Yes. We are ...
by davidlukewilcox
Wed Mar 04, 2015 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Considerations
Replies: 12
Views: 1215

Backdoor Roth IRA Considerations

For 2015, I expect my AGI to be right at about 180k. It could be higher or lower by as much as 10k-15k. This is the cutoff for roth ira contributions. I like to contribute as early as I can, but am realizing I may need to make my contributions through the back door. Is the best option here to just w...
by davidlukewilcox
Tue Feb 17, 2015 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Implementing Mega-Backdoor Roth IRA
Replies: 1
Views: 298

Implementing Mega-Backdoor Roth IRA

Hi, My wife has access to after-tax 401k contributions of up to 10% of her salary. As well, she's allowed to make one in-service withdrawal of after-tax funds per 12-month cycle. I'm about at the point where I want to roll her after-tax funds everything over to a Vanguard Roth IRA I'm filling out th...
by davidlukewilcox
Fri Feb 06, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Screws Up My Roth IRA And Won't Fix It
Replies: 9
Views: 1119

Re: Merrill Edge Screws Up My Roth IRA And Won't Fix It

The deadline for a rollover is 60 days. However, the IRS has discretion to waive the 60-day deadline. See this from the IRS website: http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-relating-to-Waivers-of-the-60-Day-Rollover-Requirement. We've obtained a number of private letter rulings wa...
by davidlukewilcox
Fri Feb 06, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Screws Up My Roth IRA And Won't Fix It
Replies: 9
Views: 1119

Re: Merrill Edge Screws Up My Roth IRA And Won't Fix It

I would ask for the dispute resolution dept. I would tell them what I was told, ask them if there is a record of the conversation, and ask how disputes are handled. In fact, you may ask if there is a record of the initial conversation where you were told to just transfer the money over. I have a ph...
by davidlukewilcox
Fri Feb 06, 2015 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge Screws Up My Roth IRA And Won't Fix It
Replies: 9
Views: 1119

Merrill Edge Screws Up My Roth IRA And Won't Fix It

Last November, at the beckoning of the finance buff in the article here (http://thefinancebuff.com/merrill-edge-commission-free-etf-no-atm-fee.html), I wanted to sign up for a Merrill Edge account. I moved $100k over to that account. Part of that was about $35k in a Roth IRA from Vanguard. The perso...
by davidlukewilcox
Sun Feb 01, 2015 11:56 am
Forum: Personal Consumer Issues
Topic: Cutting the cable cord using media center
Replies: 27
Views: 3569

Re: Cutting the cable cord using media center

I have a similar setup. Except I installed some automatic commercial skipping software for wmc. I love the automatic commercial skipping.
by davidlukewilcox
Tue Nov 04, 2014 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Early Withdrawal
Replies: 10
Views: 909

529 Early Withdrawal

Hi, I have a question about 529 early withdrawals. It seems like you can withdraw principal without any penalty and that the penalty only applies to interest. I live in a state with a tax deduction for my 529 (Utah). What happens if I take the deduction then very soon afterward remove the money from...
by davidlukewilcox
Fri Oct 31, 2014 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Moving--Rent or Sell Current Home
Replies: 4
Views: 1160

Moving--Rent or Sell Current Home

I'm moving soon. I was going to ask if I should rent or sell my current home. But, I decided to spend a couple of hours and make a spreadsheet for it. https://docs.google.com/spreadsheets/d/1H_9AdijsJYiBOrFvcyYc3lBstnoK_i-xGbcpNjv2r0U/edit?usp=sharing I assume a 8% discount rate (predicted stock mar...
by davidlukewilcox
Thu Oct 23, 2014 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options For Home
Replies: 16
Views: 1330

Re: Mortgage Options For Home

Another way to look at it is, do you feel it is more advantageous to have more cash flow (and flexibility) or build equity in the house? Or why not take the 30 yr fixed and pay down extra towards principle? You'd have to be disciplined enough to do that though but it gives you a little more flexibi...
by davidlukewilcox
Thu Oct 23, 2014 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options For Home
Replies: 16
Views: 1330

Re: Mortgage Options For Home

I just talked to my lender. Regarding the 15-year loan. He says that it would be at 2.75% with a monthly payment of $1810 or so.
by davidlukewilcox
Thu Oct 23, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options For Home
Replies: 16
Views: 1330

Re: Mortgage Options For Home

Watty, Thanks so much for the response. You also didn’t mention if using any of the $185K in assets would cause you to pay things like capital gains taxes. If so that would favor a smaller down payment. Good point. I can make a 20% downpayment by only selling securities at a loss basically. I've alr...
by davidlukewilcox
Thu Oct 23, 2014 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Options For Home
Replies: 16
Views: 1330

Mortgage Options For Home

Hi, My wife and I are going to buy a home soon. I need to figure out what mortgage option I want to do. Home costs $335k. I have First, no matter what else, I negotiated with my buyer's agent that he keeps $2k of his 3% commission. I keep the rest and can apply it to closing costs. Not counting 401k...
by davidlukewilcox
Sun Sep 28, 2014 3:32 pm
Forum: Personal Consumer Issues
Topic: American Express Blue preferred vs Sallie Mae Mastercard
Replies: 45
Views: 19647

Re: American Express Blue preferred vs Sallie Mae Mastercard

I have a Sallie Mae Mastercard. I use it on Amazon all the time. I've gotten 5% cash back on almost every purchase. There is a $750 per month limit. I say almost because i seem to remember one weird purchase where i didn't. But in general all amazon and marketplace purchases are included. Another pr...
by davidlukewilcox
Thu Sep 25, 2014 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get an HSA?
Replies: 17
Views: 1587

Re: Should I get an HSA?

IcedTea, I plan on doing that exact same plan when I get an HSA. The money is not taxed at any point as long as you save receipts and take it out in retirement for health needs. Even in retirement, though, after age 65 or so, it's treated just like an IRA (no penalties, but taxes for withdrawals for...
by davidlukewilcox
Sun Aug 17, 2014 11:14 am
Forum: Investing - Help with Personal Investments
Topic: ESPP [Employee Stock Purchase Plan]
Replies: 4
Views: 551

Re: ESPP

It seems like you already know the answer. Just to do the math... Assume you sell twice a year as soon as you get the stock. Assume that the stock makes no major fluctuations during those two days. How much do you need to put into the plan each period in order to break even? X=X/.85-$50 X=1.18*X-$50...
by davidlukewilcox
Sat Jul 26, 2014 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Upcoming changes to my 401K - Please help me adjust my AA
Replies: 6
Views: 848

Re: Upcoming changes to my 401K - Please help me adjust my A

Sorry, either your post is confusing to me, or I'm tired from a brand new baby. I'll try my best to help you out where I can. Regarding #1, if you need the money in two years or so, it seems like the best you should do is some type of short-term CD or if you're OK with losing a little bit of princip...
by davidlukewilcox
Thu Jul 17, 2014 11:22 pm
Forum: Personal Consumer Issues
Topic: Purchasing Food at Work
Replies: 41
Views: 4657

Re: Purchasing Food at Work

I'll come out of my lurker corner for this one. I'm normally scoffed at at work for what I do. My wife bought me a rice cooker awhile ago. Then I buy bulk brown rice for about $0.55 per pound and keep a large bag with me. Then I find canned beans on sale for $0.45 per can. Overall, I spend about $0....

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