Search found 118 matches

by eye.surgeon
Sat Dec 16, 2017 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Placement of Total International Stock Fund for tax efficiency.
Replies: 2
Views: 285

Re: Placement of Total International Stock Fund for tax efficiency.

I've had this same dilemma recently. Reviewing this video from the BH wiki... https://vimeo.com/23072225 it advises international stock index funds be placed in your taxable account to benefit from the foreign tax credit, as you point out. http://u.cubeupload.com/rodneyremington/Capture.jpg Because ...
by eye.surgeon
Sat Dec 16, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

dellfanboy wrote:
Sat Dec 16, 2017 1:39 pm
Just curious, how would you get another $7500 rebate if you already have a Tesla. Did you buy pre owned?
There's no limit on how many electric cars you can buy and claim the federal tax credit.

I bought new, and between federal, state, local, and power company I got $13,500 in tax credits.
by eye.surgeon
Fri Dec 15, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: 28 Years Old: In the current market, what % into bonds?
Replies: 35
Views: 1663

Re: 28 Years Old: In the current market, what % into bonds?

from 90/10 to age in bonds, depending on risk tolerance.
by eye.surgeon
Fri Dec 15, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: US Postal Service Informed Delivery
Replies: 27
Views: 1378

Re: US Postal Service Informed Delivery

Mine has been hit or miss, might have something to do with the doubling of mail volume that occurs in December.
by eye.surgeon
Fri Dec 15, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Good feedback. Purposefully ordered the smaller wheels so I haven't had to replace tires, and it's been exceptionally problem-free. I'm also protected from high cost off-warranty issues for another 5 years because the motor/battery warranty is 8 years. Based on good advice here I'll probably stay in...
by eye.surgeon
Fri Dec 15, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Won't the resale value of the S go down dramatically when the 3 becomes widely available? Time will tell. Does a 7 series depreciate more because of the 3 series? Might be different for Tesla since many just want in regardless of model. That was part of my thinking about changing now...but seems li...
by eye.surgeon
Fri Dec 15, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

My goal is to save money relative to driving the Model S, while staying in the Tesla universe, as stated above. Obviously driving a corolla would save even more. I feel good about my income:vehicle ratio since it's probably higher than 98% of the population albeit probably average for here.
by eye.surgeon
Fri Dec 15, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Can you really get $55k for your used S? We had a 2013 85 S which we upgraded to an X last summer. Tesla offered us around $25k for the trade. We ended up selling it private party for $40k but we had to put several thousand dollars into it to have some scratches fixed. Mine has autopilot, there's a...
by eye.surgeon
Fri Dec 15, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Re: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Thesaints wrote:
Thu Dec 14, 2017 11:35 pm
Since the two cars have the same value, wouldn't insuring them cost the same ?
Insurance rates aren't based on value so much as loss history.
by eye.surgeon
Thu Dec 14, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite
Replies: 26
Views: 1529

Worth it financially to trade my Tesla Model S for a Model 3? Got my configuration invite

Interested in opinions. I've owned a Model S for 3 years, it's currently worth ~$55k. Full warranty runs out in 1 year,and it has free lifetime charging. I just received my configuration invitation for a Model 3, which will cost me $59k + tax, minus $7,500 in a fed tax credit, has a 4 year warranty,...
by eye.surgeon
Thu Dec 14, 2017 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Sinking fund for dream cars
Replies: 23
Views: 1557

Re: Sinking fund for dream cars

If you're going to buy a new landcruiser better do it in the next few years. Body on frame Japanese SUVs are going extinct, and given the $80k+ price tag they sell by the dozens and won't be around much longer.
by eye.surgeon
Mon Dec 11, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 847

Re: help me predict investment return of my kid's IRA

Vanguard 2060 will be 90% stocks only for another 18 years. Correct. I would change that now to 100% stocks. Who cares what happens to this small amount of money so might as well increase the chances at the best overall return, no? Good luck. I probably will. I picked a target fund more as a teachi...
by eye.surgeon
Mon Dec 11, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 847

Re: help me predict investment return of my kid's IRA

It is a Roth for both of them. They're 18 and 21, both full-time students that worked part time in my office. One earned about $7k, the other $12k, all earned income, so I don't think the kiddie tax applies to them.
by eye.surgeon
Sun Dec 10, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down loans or invest
Replies: 14
Views: 1114

Re: Pay down loans or invest

I vote pay off those loans.
by eye.surgeon
Sun Dec 10, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall of 1.5 millions
Replies: 10
Views: 2107

Re: Windfall of 1.5 millions

Same advice we'd give to anyone with their yearly income. Start with an emergency fund, enough for 6 months of expenses ( I'd use an ally 1.6 % no-penalty CD), pay off any debt besides a mortgage, fund a backdoor roth, max any work-offered 401k or other tax advantaged option you have, the rest goes ...
by eye.surgeon
Sat Dec 09, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Prepayment of SALT Taxes? [State and Local]
Replies: 270
Views: 19916

Re: Prepayment of SALT Taxes? [State and Local]

Similar question-- wouldn't those subject to AMT be better off NOT pre-paying property tax and state income tax in 2017, given that the AMT is likely to go away in 2018 thus allowing deductions in 2018 that would have been negated by AMT in 2017?
by eye.surgeon
Sat Dec 09, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10671

Re: Just not getting it

"I would rather be certain of a good return than hopeful of a great one"
Warren Buffett
by eye.surgeon
Sat Dec 09, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 89
Views: 4316

Re: Stocks always in taxable for tax efficient investing?

I've found this video from the boglehead wiki to be very helpful in clarifying this issue.

https://vimeo.com/23072225
by eye.surgeon
Sat Dec 09, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 3862

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Keep in mind interest income produced by a CD is taxed as regular income, while income from Wellesley is mostly taxed as a long-term capital gain. That's a big difference if you're in the top tax bracket. Wellesley is roughly two-thirds in bonds, and much of the income they throw off is not 'qualif...
by eye.surgeon
Sat Dec 09, 2017 3:33 am
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4468

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

The fact that he's seeking one loan to pay off another loan pretty much answers your question.
by eye.surgeon
Sat Dec 09, 2017 3:29 am
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 3862

Re: Which is better: Wellesley or 5-yr 2.5% CD?

Keep in mind interest income produced by a CD is taxed as regular income, while income from Wellesley is mostly taxed as a long-term capital gain. That's a big difference if you're in the top tax bracket.
by eye.surgeon
Fri Dec 08, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Have been sitting out, and ready to invest the Bogle way
Replies: 18
Views: 2295

Re: Have been sitting out, and ready to invest the Bogle way

If 3 years ago you had actually timed the downturn you would be heralded as genuises. As it is unfortunately you cost yourself a not-small amount of money which is a valuable lesson in always being in the market and not trying to time the market. Having said that make sure you have the stomach to se...
by eye.surgeon
Fri Dec 08, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 847

Re: help me predict investment return of my kid's IRA

With all due respect you are asking for a 43 year return projection for a fund that has been in existence for less than 6 years (01/19/2012). You can plug its 11.48% average annual return since inception into a compound interest calculator, but the chances of the result being correct to within an o...
by eye.surgeon
Fri Dec 08, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 847

help me predict investment return of my kid's IRA

As an object lesson in the power of compound interest I just helped my two children, ages 18 and 21, fully fund a roth IRA for 2017. Both had worked for me this summer in my office and had sufficient taxable income for me to contribute $5,500 each in Vanguard target 2060. I'm trying to estimate what...
by eye.surgeon
Thu Dec 07, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5462

Re: What do Bogleheads say when they don't want to spend money?

I usually make a self-deprecating joke like "I want to retire before I'm 70" when someone asks why I'm not driving a $100k car anymore.
by eye.surgeon
Tue Dec 05, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help me recreate VTSAX from these funds
Replies: 7
Views: 676

Re: Help me recreate VTSAX from these funds

Thank-you everyone for the input. I did mix in the small cap fund a bit as suggested, mostly to make myself feel better.
by eye.surgeon
Mon Dec 04, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation across accounts: Twist?
Replies: 23
Views: 1273

Re: Asset allocation across accounts: Twist?

If your equities in taxable account diminish significantly due to a market crash, can't you simply rebalance within your tax advantaged accounts to match your desired asset allocation? You can rebalance within the various asset classes at-will in your IRA and 401k and 529 accounts.
by eye.surgeon
Sun Dec 03, 2017 9:46 pm
Forum: Personal Consumer Issues
Topic: Target Gift Cards are 10% Off Today (Sunday 12/3/17)
Replies: 17
Views: 1927

Re: Target Gift Cards are 10% Off Today (Sunday 12/3/17)

Thanks just bought one with my discover card.
by eye.surgeon
Sun Dec 03, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 30
Views: 2879

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

I used target date funds for 15 years and am happy I did, but as I've learned more, I'm happier with a 3 fund portfolio, for 3 reasons. Lower fees using admiral funds, proper placement of stocks vs bonds vs international in my 401k/IRA/taxable account, and more control over asset allocation.
by eye.surgeon
Fri Dec 01, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: For Musk, an Energy Feat the Size of a Football Field
Replies: 52
Views: 2143

Re: For Musk, an Energy Feat the Size of a Football Field

p0nyboy wrote:
Fri Dec 01, 2017 9:01 am
Musk is a modern day snake oil salesman. I wouldnt touch that stock with a 10 foot pole. This may be the first time ever that he actually delivered what he promised.
If you own index funds you are touching Tesla stock quite passionately.

And I'm driving something that he promised.
by eye.surgeon
Thu Nov 30, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help me recreate VTSAX from these funds
Replies: 7
Views: 676

Help me recreate VTSAX from these funds

My 401k doesn't offer VTSAX/Vanguard total stock market, but it does offer these Vanguard funds: Vanguard 500 index admiral (VFIAX), small cap growth index admiral (VSGAX), small cap index admiral (VSMAX), midcap index admiral (VIMAX). I've been using VFIAX as one of my funds in my 3 fund portfolio,...
by eye.surgeon
Tue Nov 28, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8615

Re: Can I afford a $1,400,000 house

Perspective--I'm also a physician, I make about the same as the two of you combined and have NW>$1m, mostly because I'm 20 years older. My house is currently worth $600k, in California. Do yourself a favor and read The White Coat Investor, written by a physician member here, before you buy that hous...
by eye.surgeon
Tue Nov 28, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

Re: The fallacy of spending money on "experiences" vs hard assets

Wow! 300 posts in three days. You struck a nerve. A few minor points which have probably already been made. # 1 Driving a sports car is an experience # 2 Buying things comes with some additional costs. You have to maintain, store, insure, and eventually get rid of them. I just paid $40 today to hav...
by eye.surgeon
Mon Nov 27, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: Growing Number of Electric Vehicles
Replies: 112
Views: 8335

Re: Growing Number of Electric Vehicles

Tesla owner for the last 3 years. 95% of my charging is in the middle of the night when many utilities literally give away or even pay other utilities to take their excess production.
by eye.surgeon
Mon Nov 27, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

Re: The fallacy of spending money on "experiences" vs hard assets

I'm not sure you understand what "objective financial value" means . It's a literal monetary value. It ignores anything you cannot sell to another person. If you can't sell the happy memories from your hiking trip, it has no objective financial value.
by eye.surgeon
Mon Nov 27, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

Re: The fallacy of spending money on "experiences" vs hard assets

As the OP, let me chime in to clarify my initial remarks. I wasn't attempting to compare the emotional value of lifestyle experiences, like travel, vs things, like luxury cars. I was placing an objective financial value on the two and comparing them. A luxury car, when you get bored with it, is wort...
by eye.surgeon
Mon Nov 27, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7850

Re: CNBC says Vanguard says 70% Chance of "Correction"

In other news the sky is blue.

The chance of a correction is always 100%, it's just a matter of when. For boglehead investors it doesn't change much.
by eye.surgeon
Sun Nov 26, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 137
Views: 12007

Re: Bonds Are Riskier Than People Think

Keep in mind your CD not only has risk, it is a virtually guaranteed risk that you will lose to inflation. Use CDs for money needed in the near term. It is not an investment vehicle.
by eye.surgeon
Sun Nov 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: Why?
Replies: 29
Views: 2300

Re: Bonds: Why?

I understand the “basic” premise - much less volatile / won’t drop as much in a crash ... My question is basically why would you have your “safe” portion of assets in something that can still fluctuate / drop? I see things like 3-5 year CDs with guaranteed rates of return and I wonder why I shouldn...
by eye.surgeon
Sun Nov 26, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: What 529 plan is recommended for California residents?
Replies: 15
Views: 1200

Re: What 529 plan is recommended for California residents?

There are no state income tax benefits for 529 plans in California so shop around. Mine's in Utah also. It it wasn't it would be in Nevada. Those two are consistently top rated in service, funds offered, and low fees.
by eye.surgeon
Sun Nov 26, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

Re: The fallacy of spending money on "experiences" vs hard assets

OP - My take is that the 'experiences over things' movement is just slick marketing to get people to rationalize overspending on vacations and the like. In posts within this forum and others, I frequently see people rationalizing their massive budgets dedicated towards vacations, bar outings, high-...
by eye.surgeon
Sat Nov 25, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter did Summer job
Replies: 20
Views: 1908

Re: Daughter did Summer job

My only reluctance in funding my employed teen's Roth IRA is their financial priorities don't lend towards retirement savings. I'd rather put that money in a 529 or a vehicle that lends itself towards withdrawal for a down payment on a house when my kids are ready. They can save for their own retir...
by eye.surgeon
Sat Nov 25, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Daughter did Summer job
Replies: 20
Views: 1908

Re: Daughter did Summer job

My only reluctance in funding my employed teen's Roth IRA is their financial priorities don't lend towards retirement savings. I'd rather put that money in a 529 or a vehicle that lends itself towards withdrawal for a down payment on a house when my kids are ready. They can save for their own retire...
by eye.surgeon
Sat Nov 25, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on The Aurora Report? [Arora Report]
Replies: 33
Views: 6157

Re: Any thoughts on The Aurora Report?

Read up on regression to the mean. It's a statistical inevitability and it's not kind to the hot fund manager or newsletter maestro.
by eye.surgeon
Sat Nov 25, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

Re: The fallacy of spending money on "experiences" vs hard assets

I guess my wife is right, there is something wrong with me :happy
by eye.surgeon
Sat Nov 25, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17431

The fallacy of spending money on "experiences" vs hard assets

The trendy thing these days is to talk about spending money on "experiences", basically a new-age description of a vacation, and how it's better than spending money on "things", basically a new-age description of hard assets. The news is full of pop-science articles touting the benefits of this, mos...
by eye.surgeon
Sat Nov 25, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 3650

Re: What are average incomes for luxury vehicle purchases? Will help me decide

I'll try and actually answer your question. If you can afford a luxury car without sacrificing an aggressive savings rate of 30-40% of your income, go for it. Keep in mind if you aren't making a lot of money this is unlikely, by a lot I mean 5x the cost of the car. What you spend your money on beyon...
by eye.surgeon
Sat Nov 25, 2017 12:56 am
Forum: Personal Consumer Issues
Topic: Etiquette question: Paying for meals out & out of town guests
Replies: 79
Views: 5564

Re: Etiquette question: Paying for meals out & out of town guests

Remember you're saving and investing to allow you to enjoy life. At the end of your life, are you going to want that $65 or the friendship of those people?
by eye.surgeon
Sat Nov 25, 2017 12:52 am
Forum: Personal Consumer Issues
Topic: Target Pre-pay phones on Thanksgiving in store issues
Replies: 13
Views: 1277

Re: Target Pre-pay phones on Thanksgiving in store issues

What's your time and aggravation worth?
by eye.surgeon
Thu Nov 23, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs target fund
Replies: 18
Views: 2234

Re: 3 fund vs target fund

randomizer wrote:
Thu Nov 23, 2017 7:59 pm
Main reason to go 3-fund is to facilitate tax-loss harvesting.
For me it's more about controlling the asset allocation and lowering the ER.