Search found 245 matches

by fantasytensai
Fri May 19, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Using Plastiq?
Replies: 31
Views: 5539

Re: Using Plastiq?

Great. Thank you for sharing your experience and glad to hear you haven't experienced the headaches that others have. Apart from the promotional offers you referenced (which seemingly aren't as frequent now), using Plastiq to satisfy CC spends doesn't make as much sense as other easier/cheaper MS m...
by fantasytensai
Wed May 17, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7301

Re: Article: "Our emergency fund is exactly $0.00"

However as for his strategy of using 0% interest credit cards, I can tell you that it doesn't work that way. 0% interest is usually only offered as a limited signup reward. So unless you would like to apply for a new credit card every time you make a large purchase, it doesn't float this boat. I ag...
by fantasytensai
Wed May 17, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7301

Re: Article: "Our emergency fund is exactly $0.00"

I don't think there is anything wrong with this author's strategy. Personally I am able to keep $30k at rewards checking accounts earning 4.59 to 5% APY while being as liquid as a regular checking account, so that serves as my emergency fund. But I can absolutely see myself using a HELOC as well. W...
by fantasytensai
Tue May 16, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7301

Re: Article: "Our emergency fund is exactly $0.00"

I don't think there is anything wrong with this author's strategy. Personally I am able to keep $30k at rewards checking accounts earning 4.59 to 5% APY while being as liquid as a regular checking account, so that serves as my emergency fund. But I can absolutely see myself using a HELOC as well. Ho...
by fantasytensai
Mon May 15, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 82
Views: 12124

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all the...
by fantasytensai
Thu May 11, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance cancelled due to nonpayment on record
Replies: 4
Views: 933

Re: Insurance cancelled due to nonpayment on record

I signed up for a new homeowners policy two years ago. For some reason they were not able to setup an online account for this policy. I tried several times. This maybe should have been a heads up for me. Last year I never got a bill and did not set a calendar reminder to pay the homeowner's insuran...
by fantasytensai
Thu May 11, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a pricey car
Replies: 1
Views: 415

Re: Financial check & thoughts on buying a pricey car

Different circumstances but about 70% of the comments in this thread is applicable to your situation.

viewtopic.php?f=2&t=218036
by fantasytensai
Thu May 11, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: did I make a mistake funding a traditional IRA?
Replies: 8
Views: 769

Re: did I make a mistake funding a traditional IRA?

I'd say it's the opposite. At the high income level, most people like traditional retirement accounts for the deduction. If you then invest the tax savings, you come out ahead. At the low income level, many would go for the Roth if they expected their income to be higher in the future. However, usi...
by fantasytensai
Thu May 11, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 15
Views: 1857

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

I have a self-directed brokerage account at Chase as a CPC. I hold VTSAX and VITAX in it as my primary taxable account, so yes you can have admiral shares.
by fantasytensai
Fri May 05, 2017 4:17 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5901

Re: Buffett/IBM

Can you say IRRELEVENT. Yep IBM is just another company with nothing special to offer and no great products to sell. Do you remember Compaq or Univac or Digital? They were great computer companies back when. Now they are gone. IBM is all set to go the same way. They are selling a little service and...
by fantasytensai
Fri May 05, 2017 12:46 pm
Forum: Investing - Theory, News & General
Topic: Buffett/IBM
Replies: 73
Views: 5901

Re: Buffett/IBM

So....nobody likes the outlook (pardon the pun) of IBM? If anything this feels like a buy low opportunity for me.
by fantasytensai
Fri May 05, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 17193

Re: Buying a luxury car (how dumb would it be to do this?)

Plenty of used BMW X5's for sale for under $15K. That tells me a lot. You can get 2 or three of them. This!! my husband the car guy is sitting next to me going, well if you are going to spend 55k at least get a car that holds a lot of value--his suggestions are Porsha 911 or Really nice mustang--Sh...
by fantasytensai
Fri May 05, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 17193

Re: Buying a luxury car (how dumb would it be to do this?)

I'm a big car guy. As in, I really like driving. I've always dreamed of a nice sports luxury car since it's first iteration came out during my HS years. At the time it was the Infiniti G35 Sport coupe. I was actually shopping for Mini Cooper S last year, when I came across a 2008 G37 Sport coupe, w...
by fantasytensai
Thu May 04, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1078

Re: Another Tax Question

Hi, it's that time of the season again. My question is kind of straightforward. I had to amend my taxes because I found additional DIV that increased my tax liability by $122. I paid the entirety of my taxes owed, including the extra $122. Today, I just received a refund check for $122 from Uncle S...
by fantasytensai
Wed May 03, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 17193

Re: Buying a luxury car (how dumb would it be to do this?)

I am in a similar boat. I have a decent income and I love cars. My first car was a Civic, the lease is up in November. The Boglehead in me wants to buy a used Accord and drive it to the ground, but the me in me wants to lease/buy a brand new Jaguar XE AWD fully loaded, which would be around 50k. Whe...
by fantasytensai
Tue Apr 18, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1078

Re: Another Tax Question

Please let me know how I can rephrase the question, or add additional information to make my question easier to answer, thank you! Really need advice.
by fantasytensai
Mon Apr 17, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Tax Question - What to do with a refund check that shouldn't have been issued?
Replies: 12
Views: 1078

Another Tax Question - What to do with a refund check that shouldn't have been issued?

Hi, it's that time of the season again. My question is kind of straightforward. I had to amend my taxes because I found additional DIV that increased my tax liability by $122. I paid the entirety of my taxes owed, including the extra $122. Today, I just received a refund check for $122 from Uncle Sa...
by fantasytensai
Fri Apr 07, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13978

Re: Social Security for Millennials

Many Bogleheads are fortunate enough to be in a position where we can live without it if we have to, but that's not true for many Americans. It is highly likely to be around in one form or another, and your planning should decide how you want to treat it from both sides (the tax side and the claimi...
by fantasytensai
Fri Apr 07, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I drop Chase Sapphire Preferred (have Reserve and Freedom)
Replies: 15
Views: 838

Re: Should I drop Chase Sapphire Preferred (have Reserve and Freedom)

I had the same issue and I downgraded my CSP to a Freedom Unlimited. Best choice ever, 1.5 points for purchase everywhere, great supplement to the CSR and the regular Freedom.
by fantasytensai
Thu Apr 06, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: TLH at Chase Brokerage, is Original Cost the same as Specific Cost?
Replies: 3
Views: 242

TLH at Chase Brokerage, is Original Cost the same as Specific Cost?

https://www.bogleheads.org/forum/viewtopic.php?t=172568 Referencing the above comprehensive guide to TLH, I am currently in Step 0 - changing my cost basis from Average Cost to Specific Cost. However, when I contacted my people at Chase, they told me they do not have Specific Cost, but rather have s...
by fantasytensai
Tue Apr 04, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?
Replies: 56
Views: 3514

Re: Does your employer let you cash out your Vacation and/or Sick time upon leaving the company?

Check you state's laws. I know NY and Cal require PTO to be paid out. Also, this is probably a good time to remind everyone to NOT tell your employer anything, no matter how nice your supervisor is to you, until you have everything figured out and in place. Too many young people (myself included) ma...
by fantasytensai
Tue Apr 04, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 24422

Re: Low-earners- What is your profession?

I'm a surgeon in private practice for 30 years. Used to be a "high earner". Last 2 years I couldn't even take a paycheck to keep my practice afloat. Obamacare is ruining us. Most young doctors want to go and work for a hospital or network for a fat salary right out of training, and I can'...
by fantasytensai
Tue Apr 04, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13978

Re: Social Security for Millennials

I think Bogleheads is the wrong place to ask this question. Millennials on Bogleheads will tend to be good planners/savers and will have enough to live off by retirement, making any SS "gravy". However, I imagine a vast majority of millennials will be depending on SS as a primary source of...
by fantasytensai
Fri Mar 31, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust/Will settlement
Replies: 4
Views: 362

Re: Living Trust/Will settlement

Have the will admitted to probate, collect the assets, pay debts and administration expenses, disburse balance probate estate to trust, administer trust according to its terms. Easy, and I got paid to do it for 40 years. :happy Gill Or, form a living trust and bypass all the probate fees paid to Gi...
by fantasytensai
Fri Mar 31, 2017 9:58 am
Forum: Investing - Theory, News & General
Topic: Subprime Auto Loans packaged and sold to investors.
Replies: 10
Views: 1270

Re: Subprime Auto Loans packaged and sold to investors.

http://www.msn.com/en-us/money/markets/why-deep-subprime-auto-loans-are-beginning-to-worry-wall-street/ar-BBz6OsQ?li=BBnbfcN This obviously does not have the same buildup and potential consequences as the housing crisis, but is still worrisome. Is there any way to tell if one of the popular Boglehe...
by fantasytensai
Fri Mar 31, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 11136

Re: Currently have $700,000 at 26 years old get $100,000 a year

Chalk me up as another voice saying that "balanced fund" could mean many different things, and being more specific will elicit better advice. Reading through the wiki, as linked to, would be very sensible. I debated writing the following, but feel that it's important. Please realize that ...
by fantasytensai
Fri Mar 31, 2017 8:53 am
Forum: Investing - Theory, News & General
Topic: Subprime Auto Loans packaged and sold to investors.
Replies: 10
Views: 1270

Subprime Auto Loans packaged and sold to investors.

http://www.msn.com/en-us/money/markets/why-deep-subprime-auto-loans-are-beginning-to-worry-wall-street/ar-BBz6OsQ?li=BBnbfcN This obviously does not have the same buildup and potential consequences as the housing crisis, but is still worrisome. Is there any way to tell if one of the popular Boglehea...
by fantasytensai
Wed Mar 29, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2159

Re: Max Out 0% Promo Credit Card

There are plenty of banks that will let you do this (I can think of 1 off the top of my head that will let you do $5k) but it's really not worth it. OP I would definitely not do this. Your card issuers do routinely pull you credit and if they see it drop significantly they could increase your inter...
by fantasytensai
Wed Mar 29, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 39
Views: 2159

Re: Max Out 0% Promo Credit Card

Hi, I wanted to know what your opinion is on this... I have a $10K credit limit on a cashback card with 0% interest till 2018. I'd like to use it to fund a new bank account I opened. I was thinking I'd max out the $10K (maybe with $100-$200 left in available credit) and wait till 2018 to pay it off...
by fantasytensai
Tue Mar 28, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for late 20s couple with 100k cash
Replies: 14
Views: 1252

Re: Strategy for late 20s couple with 100k cash

Just added the template to my original post, our income is too high to invest in IRA, we just have 401k and brokerage + checkingaccount, nothing else Google or search this forum for backdoor Roth conversion. You can still take full advantage. As for AA, it is completely up to your risk tolerance at...
by fantasytensai
Tue Mar 28, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4908

Re: Daughter maxed out credit cards, needs help from me

My opinion will probably be in the minority. I do not and would not loan money to my children, family, or friends. I gift with no strings attached where my gift will be a blessing. Maybe this is an appropriate instance? You can decide that. There seems to be boundary issues between the boyfriend (s...
by fantasytensai
Tue Mar 28, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4908

Re: Daughter maxed out credit cards, needs help from me

It sounds like you already have a well-thought out plan. Here is my $.02. 1. If you want to focus on financial education, then I would draft a formal loan document. 2. I would not make this loan interest free, something like 1% would be a good lesson. Just speaking from experience, 25-year-old me wo...
by fantasytensai
Tue Mar 28, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting an apartment to my cousin--Incur gift tax or not?
Replies: 7
Views: 991

Re: Gifting an apartment to my cousin--Incur gift tax or not?

If you inherited several, and they still have years to appreciate, your estate might go up more than you think. If your Mom's estate is still open... could you sort of refuse this one asset and have it go directly to your cousin as next in line? Or is that too late or too risky (other relatives). D...
by fantasytensai
Tue Mar 28, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: An Alternative to ER...
Replies: 2
Views: 651

Re: For those that are considering early retirement...

So many "oy" as I was reading that article. I won't lie, I envy a man who goes to work happy.

Will still aim to retire by 45.
by fantasytensai
Mon Mar 27, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Why are international and US stocks down today?
Replies: 53
Views: 3631

Re: Why are international and US stocks down today?

I just made my annual IRA contribution on Friday. I don't time contributions, I just make 1 annual order when I find the time before April 15. Anyway, this morning I see stocks are looking to be down around 1% so far because of what seems to me to me to be a non sequitur. The insinuated correlative...
by fantasytensai
Mon Mar 27, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 906929

Re: U.S. stocks in freefall

Uncle Pennybags wrote:I knew it; I felt it in my bones........sell,sell,sell....NOW. :oops:


Can't tell if serious.
by fantasytensai
Fri Mar 24, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Point taken....maybe I do need to just back off a little and stop being so affixiated on minute details. You are absolutely right...so what if the government gets a 5000 interest free loan from me for a year...it's not a big deal I guess? This would be so much easier without a type A personality. Si...
by fantasytensai
Fri Mar 24, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Your terminology is a bit confusing to me. You started w/ estimated taxes but then are walking about withholding in your last post. If you really are withholding, why not do it all by withholding. That way it is not critical when you pay. If you had enough late income, you could even withhold all o...
by fantasytensai
Thu Mar 23, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize increases for apartment rent?
Replies: 18
Views: 1511

Re: How to minimize increases for apartment rent?

It sounds like you're getting a very good deal if you're on the low end when compared to other places. One nice thing about my lease is I don't have to pay extra per month for my two cats. I only had to make one pet deposit since both of my cats were spayed and declawed when I adopted them. I see o...
by fantasytensai
Thu Mar 23, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Thanks for that info. Also, I am not paying the full amount that they want me to pay on the 1040-ES, which is why this is not as simple as just "follow the directions". I did my own calculations, and I am only paying just enough every quarter to meet 110% of my 2016 tax liabilities. The w...
by fantasytensai
Thu Mar 23, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

I make quarterly payments under 110% safe harbor as my tax obligation generally goes up each year. I take that tax amount and pay 1/4 of it at each quarterly due date. The fact that the dates are not exactly 3 months apart does not mean you have to prorate the amounts or do anything tricky. I just ...
by fantasytensai
Thu Mar 23, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Thanks for that info. Also, I am not paying the full amount that they want me to pay on the 1040-ES, which is why this is not as simple as just "follow the directions". I did my own calculations, and I am only paying just enough every quarter to meet 110% of my 2016 tax liabilities. The wh...
by fantasytensai
Thu Mar 23, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1381

Quarterly Tax Payments Planning to Avoid Refund and Penalties

Hi, I am structuring my 2017 tax estimate payments so that I can avoid getting a tax refund, but at the same time avoid paying any underpayment penalties. I decided the best way to do this is using the "110% of 2016 tax" safe harbor that's available for both federal and state taxes (NY), s...
by fantasytensai
Thu Mar 23, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5713

Re: Vehicles as a percentage of net worth

Is it really that much of a sin to borrow money to pay for a car? I almost always qualify for a <2% loan, sometimes even 0% for x number of months. Wouldn't that be worth it?
by fantasytensai
Tue Mar 21, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inlaw Suddenly Wants Financial Security in 60's..
Replies: 31
Views: 5569

Re: Inlaw Suddenly Wants Financial Security in 60's..

I tell this to my parents, half-jokingly, that if they invest their retirement funds with low cost index funds, and the market crashes and they need to stay with us for a few years, I would welcome them 100%. However, if they want to invest their funds with a fancy suit at Edward Jones, if they run ...
by fantasytensai
Mon Mar 20, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1731

Re: How much cash to withdraw when retiring

I need to (and I am currently) reading up on converting 401(k) to Roth IRA. I did not previously know it was possible.
by fantasytensai
Sun Mar 19, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1731

Re: How much cash to withdraw when retiring

First, a preliminary question - for long term capital gains to be 0%, does the taxable income have to be less than $75,900? As in, if your taxable becomes $75,901, it jumps all the way to 15%? I know the normal brackets are progressive but idk about capital gains. If so, then I guess $75,899 is the...
by fantasytensai
Sun Mar 19, 2017 1:14 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1731

Re: How much cash to withdraw when retiring

Here is a good link to understand the tax treatment of capital gains vs regular income. http://fairmark.com/general-taxation/your-tax-bracket/ Dan Great info. Thanks! I copied and pasted the below from the link you provided. If my ordinary income puts me in the 15% tax bracket, can I receive an unl...

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