Search found 10346 matches

by letsgobobby
Sat Sep 16, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 1912

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year. I have not invested in REIT. I have a 3 fund portfolio and I add rentals as a diversifier. You can however say that I invested in REIT if I own the 3 fund portfolio. I could buy max 6 but if I can only find 3 or 4 deals...
by letsgobobby
Sat Sep 16, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 1912

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year.
by letsgobobby
Fri Sep 15, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: NY 529 Plan
Replies: 8
Views: 692

Re: NY 529 Plan

dskillz1 wrote:
Fri Sep 15, 2017 3:46 pm
Great so if your education expenses are fully qualified this plan basically is completely tax free considering its funded with after tax monies to begin with correct?
Right, as is true with all 529s.
by letsgobobby
Thu Sep 14, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3160

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

madsinger reported that he rebalanced yesterday: https://www.bogleheads.org/forum/viewtopic.php?p=3530662#p3530662 That led to an interchange where neither one of us likes to move more than about a percent or two of our portfolios at once in a rebalancing move. That is, large moves are not for us. ...
by letsgobobby
Wed Sep 13, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1840

Re: Inherited Savings Bonds

I redeemed about ten bonds at once a few years ago. The certifying officer at my credit union certified my signature on the Treasury form requesting redemption, not each individual bond. Correct. since you have the bonds, it's actually pretty easy, and if your bank doesn't know what a certifying of...
by letsgobobby
Wed Sep 13, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Medical residents: pre-tax (403b) vs taxable
Replies: 11
Views: 904

Re: Medical residents: pre-tax (403b) vs taxable

The only reason I thought of why you should choose pre-tax OVER taxable in this situation is the opportunity to roll over to a traditional IRA and convert to Roth your first year as an attending (as your salary will generally still be fairly low - you will be a resident until June/July and only hav...
by letsgobobby
Wed Sep 13, 2017 2:18 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 9693

Re: The 10 year car ownership "rule"

Shoot, we've never retired a car at anything under 10 years.

13, 14, 13, 16 were the last four and currently working 11, 5, and a new truck. Anything under 10 seems really wasteful.
by letsgobobby
Tue Sep 12, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: 529s - Problem w/ age based plan?
Replies: 11
Views: 2308

Re: 529s - Problem w/ age based plan?

Just to revive an inactive thread....I have a child who is two years away from college and I have enough in a Utah 529 to pay for undergrad and I'm still actively contributing. He will probably go to grad/medical school also. I am using a 529 mostly as a tax advantage, I have a million+ net worth, ...
by letsgobobby
Mon Sep 11, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Beneficiaries & Access to Joint Account
Replies: 7
Views: 626

Re: Vanguard Beneficiaries & Access to Joint Account

each of you needs to set up a separate login. each of you will see access to the same joint account under your own login. I don't think this happened. Before we were married (maybe early 2000's), I had a Vanguard account with a small Roth IRA. I transferred the account to Fidelity and I believe I c...
by letsgobobby
Mon Sep 11, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Protection Aginst Tax Fraud in Light of Equifax Hack
Replies: 6
Views: 770

Re: Protection Aginst Tax Fraud in Light of Equifax Hack

it is very difficult to plan in such detail if one's income is variable. dividends, etc aren't well known til mid or late December. K-1s may come six months later. there is the risk of an underpayment penalty if one owes too much.

is there no other step one can take?
by letsgobobby
Mon Sep 11, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Beneficiaries & Access to Joint Account
Replies: 7
Views: 626

Re: Vanguard Beneficiaries & Access to Joint Account

each of you needs to set up a separate login. each of you will see access to the same joint account under your own login.

Vanguard apparently does not allow joint accounts to establish beneficiaries. There may be exceptions for Flagship and up investors as well as a few grandfathered folks.
by letsgobobby
Fri Sep 08, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8085

Re: When calculating net worth, how do you value your house?

But let's be honest, once someone's net worth gets into the hundreds of thousands of dollars, they're just tracking it to make themselves feel good or for bragging rights. They have a pretty good handle on finances at that point and there's really no need to track net worth. Other than to use it to...
by letsgobobby
Thu Sep 07, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5047

Re: To take or not to take delivery of Tesla 3

An EV with 200 mile range is really perfect for my 80 mile roundtrip commute. It's too far for a Leaf, but the idea of never buying gas again for 17,000 miles per year is attractive. At 25 mpg I'm buying 680 gallons per year or about $2000 at current prices. Including other driving I think I could s...
by letsgobobby
Thu Sep 07, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 1353

Re: Chase Private Client, with a small twist

I'm Chase Private Client and they want you to invest in their managed accounts and proprietary funds - but you don't have to. I haven't tried to do it yet but supposedly you can just tell them to buy shares of Vanguard admiral funds and they will. I've found it helpful to have free everything as I d...
by letsgobobby
Wed Sep 06, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5047

Re: To take or not to take delivery of Tesla 3

For all the reasons mentioned, I am about 90% decided to cancel my reservation.
by letsgobobby
Fri Sep 01, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sitting on the sidelines...for now
Replies: 32
Views: 3752

Re: Sitting on the sidelines...for now

Just retired 3 months ago at 64. Not collecting SS just yet. Anticipate that I have enough on hand to wait until FRA. I have enough in my tax deferred accounts to be comfortable after the post election run-up in the market. I recently transferred all of my previous work 401K's to a Vanguard MM IRA....
by letsgobobby
Thu Aug 31, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2416

Re: Pork shoulder on Weber E-310: Best practices?

Side note, what do you two think of the E-310? It is on my list to buy this fall. Recommended by Cooks Illustrated.
by letsgobobby
Wed Aug 30, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Umbrella Policy Coverage
Replies: 17
Views: 1529

Re: Umbrella Policy Coverage

This question has been asked many times and the bottom line is no one knows. Get at least one million and after that your guess is as good as mine.
by letsgobobby
Wed Aug 30, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2148

Re: [How can people avoid the estate tax?]

There don't seem to be any trivial ways other than to spend down the estate to under the limit? In places like WA with the 2M limit especially. Step 1: Talk to a lawyer based in WA to ensure that you and your spouse gets WA's $2.1M exemption EACH. Step 2: Give your heirs part of their inheritance e...
by letsgobobby
Wed Aug 30, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2148

Re: [How can people avoid the estate tax?]

You have a $5.49M lifetime gift exemption ($11M for married couple), so as long as you are able to gift the money before you die you do not have to pay a dime of estate tax. You do have to be either stupid or very, very rich to pay estate tax, in which case I am all for it. state estate tax exempti...
by letsgobobby
Tue Aug 29, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns about under/over funding 529
Replies: 16
Views: 1374

Re: Concerns about under/over funding 529

I'm unsure about how to consider the tax penalty. Would the benefit of tax-free growth at least partially cancel out the penalty? Not really because you'd pay ordinary income tax rates on the growth, not capital gains rates, in addition to the penalty. surprisingly, this can still be a net positive...
by letsgobobby
Tue Aug 29, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2612

Re: Taxable retirement account for young physician

I don't think anyone is in a position to be advising him to spend less or that he is living too rich. Residency is stressful, healthy and mobile years are only so long, and looking at numbers on a computer screen is a lot more boring than living an abundant life. In my opinion, saving 20% of a 500k...
by letsgobobby
Tue Aug 29, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2612

Re: Taxable retirement account for young physician

You're off to a great start because you're informed. You might think about saving more than $100k. Even paying $200k in taxes that suggests you are spending $200k per year, which is rich. I usually suggest living like a resident for 5 years; WCI suggests 3 years; we did 7. Put aside $200k per year a...
by letsgobobby
Sun Aug 27, 2017 11:12 pm
Forum: Investing - Theory, News & General
Topic: Dividing retirement savings between taxable and tax-advantaged accounts
Replies: 13
Views: 1510

Re: Dividing retirement savings between taxable and tax-advantaged accounts

which is why I say OP already has substantial diversification into after tax accounts (roth or taxable) and should max out pretax accounts otherwise.
by letsgobobby
Sun Aug 27, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2141

Re: Who is doing 50:50 traditional:Roth 401k/TSP

diversification means different. it doesn't mean better. obviously roth space is limited.
by letsgobobby
Sun Aug 27, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2141

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Seems like lots of people on here say to max out pretax/ tradtional for anybody with substantial savings but i posted my information in here and based on those assumptions, including taxability of social security, my marginal rate in retirement according to one of the wonks in here using one of the...
by letsgobobby
Sun Aug 27, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2141

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Seems like lots of people on here say to max out pretax/ tradtional for anybody with substantial savings but i posted my information in here and based on those assumptions, including taxability of social security, my marginal rate in retirement according to one of the wonks in here using one of the...
by letsgobobby
Sun Aug 27, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2141

Re: Who is doing 50:50 traditional:Roth 401k/TSP

You would be diversifying with $18k pretax and $5.5k Roth and the additional in taxable. The latter will minimize your tax bite in retirement as well. In particular if you are single and in the 28% tax bracket, and there is a reasonable chance you will not be single in retirement, you should take ad...
by letsgobobby
Sun Aug 27, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2141

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Who is doing 50%-50% traditional-Roth 401k or TSP, and what is your reasoning? Do you think it is a good idea for possible diversification and not exactly knowing what tax bracket you'll be in. It seems like having too many different 401k buckets and too many different 401ks may prove too complicat...
by letsgobobby
Sun Aug 27, 2017 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4006

Re: Transitioning management of investments as cognitive ability declines

We have several friends who are only 7 -15 years older than us and already struggling with cognitive decline and/or serious health issues in spite of leading healthy lifestyles. In some cases, their financial security has suffered or been at risk. This has raised concerns about how we can protect o...
by letsgobobby
Sat Aug 26, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6616

Re: Sigh...I'm ready for criticism...how am I doing?

It annoys me that you are getting so many snarky responses and I almost feel the need to apologize on behalf of this community. You posted a reasonable question and deserved a reasonable answer. And yes, I know there are a few posts that can get under all of our skins ( we have 50 x expenses saved, ...
by letsgobobby
Fri Aug 25, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Tablets for hospital patients - Chromebook?
Replies: 3
Views: 520

Tablets for hospital patients - Chromebook?

We are looking for an affordable solution for our patients with dementia to provide the following services: - digital photo albums; - ability to play music, preferably streaming from a free service; but at the same time if families bring in music on a CD, it would be nice to be able to play that as ...
by letsgobobby
Thu Aug 24, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Bargain" house in HCOL area
Replies: 34
Views: 3685

Re: "Bargain" house in HCOL area

why do you want 6300 sf? That is one large house...
by letsgobobby
Thu Aug 24, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 2777

Re: What to do with series EE savings bonds?

https://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm The link suggests you are earning about 1.68% on these bonds, tax-deferred, with excellent liquidity. That is better than a bank account. These bonds also doubled (reached face value) ...
by letsgobobby
Thu Aug 24, 2017 12:56 am
Forum: Personal Consumer Issues
Topic: Eclipse Traffic: predictions vs reality?
Replies: 64
Views: 4737

Re: Eclipse Traffic: predictions vs reality?

Ok so will 2024 be better or worse? Better: lots of people saw this one and won't feel the need to repeat, maybe more people will plan to drive the next day due to these traffic problems. Worse: everyone who missed this one will be extra motivated, smaller US area of totality, even smaller area tha...
by letsgobobby
Wed Aug 23, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Major House Remodel Worth It?
Replies: 21
Views: 2204

Re: Is a Major House Remodel Worth It?

It sounds like there is a problem with your location. What is it? School? Neighbors? Crime? Noise? Think about whether those problems will impact your enjoyment over the next 20-30 years. If so, it may be a better decision to move. If not, then who cares what you get in resale? Remodel your house to...
by letsgobobby
Wed Aug 23, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: At age 66, should let my $1MM life insurance policy lapse?
Replies: 32
Views: 4276

Re: At age 66, should let my $1MM life insurance policy lapse?

Doesn't sound like you need it, but as of now it is a "good deal" compared to what a $1M policy would cost you today which would be 2-4x the price depending on your health. You never know what happens....if $7500 (the remaining 3 years of premiums) won't make or break you, I'd be inclined to keep i...
by letsgobobby
Wed Aug 23, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Wait & You'll Likely Miss Out
Replies: 74
Views: 9916

Re: Larry Swedroe: Wait & You'll Likely Miss Out

Great article. One way to measure opportunity cost is the expected return on stocks of lets say 6 to 8% in today'e environment versus the current MM rate which 1%. So the opportunity cost is 5 to 7% per year. While this may appear small on yearly basis this compounds over time so the cumulative eff...
by letsgobobby
Tue Aug 22, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

OK, here is why it does not make sense to me. Keep the flashlight (sun) is stationery. Hold a volleyball some distance away so that the flashlight shines on it. Set a small ball to represent the moon some distance between those two. Now, rotate the volleyball in one direction. Won't the direction t...
by letsgobobby
Tue Aug 22, 2017 7:45 pm
Forum: Personal Consumer Issues
Topic: Eclipse Traffic: predictions vs reality?
Replies: 64
Views: 4737

Re: Eclipse Traffic: predictions vs reality?

At 11 pm Pacific time I looked at Google Maps. It showed distinct yellow-to-red traffic patterns across the country, for long stretches (scores to perhaps hundreds of miles) from areas of totality to the nearest major cities. I had tracked this all evening and saw that the largest 'slug' of traffic ...
by letsgobobby
Tue Aug 22, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

Then how come the eclipse starts in the west and ends in the east? The sun "moves" east to west, the moon "moves" west to east, so the moon first touches the western edge of the sun and exits the eastern edge. (The motion is relative to spinning observers. If the earth stopped spinning you would ap...
by letsgobobby
Mon Aug 21, 2017 6:22 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

Nate79 wrote:
Mon Aug 21, 2017 6:18 pm
Walked to the front yard. Pretty underwhelming and was expecting it to be more. From what I see there is definitely two camps of people. Those that think it was awesome and those that yawn and go back to real life.
In Portland you only got 99%. The difference is everything.
by letsgobobby
Mon Aug 21, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

wow. mind-blowing. watching the essence of the universe streaming off an invisible star into deep space. I did not anticipate such an intense experience. totality was totally worth it. without the corona the experience would not be the same. people were crying.
by letsgobobby
Mon Aug 21, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

Heavy traffic but not even as bad as routine Seattle rush hour. Clear skies and a place to park, potty, and eat. bring it on!
by letsgobobby
Sun Aug 20, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 14483

Re: How far would you travel to see The Eclipse?

I guess I just don't see the point of travelling to see something I'm not supposed to look at. The whole point is you can, in fact, look directly at the sun during totality. (This is not medical advice). And supposedly, though I'm no expert, there is a huge difference between partial and total. I l...
by letsgobobby
Sun Aug 20, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 74
Views: 7414

Re: IBonds: My worst bond investment over the last 5 years

and they pay much better than my Ally bank account If they offered an iBond for 3% over inflation I would never invest in anything else. Even 2% would be very tempting. Personally, if I wanted fixed income, I'd go with TIAA traditional's supplemental annuity, which is currently paying 3.25% and off...
by letsgobobby
Sun Aug 20, 2017 12:55 am
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 109
Views: 8859

Re: Non-fiction bucket list

Cadillac Desert - It changed how I thought about water, power (the human kind), the west, government, and men. The Autobiography of Malcolm X The Beauty and the Sorrow: An Intimate History of WWI. Best war book I have ever read. Bury my heart at wounded Knee - despite some inaccuracies or liberties
by letsgobobby
Sat Aug 19, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 56
Views: 2920

Re: quick estate question

bsteiner wrote:
Thu Aug 17, 2017 8:39 am
Does it really take 6 months to probate a Will in any state absent a contest?
I've been told to expect a minimum of seven months for California.
by letsgobobby
Fri Aug 11, 2017 2:38 am
Forum: Investing - Help with Personal Investments
Topic: General Portfolio Advice and 529 recommendation
Replies: 9
Views: 516

Re: General Portfolio Advice and 529 recommendation

If you redepoy cash from property sales or any other source you can do so in a far more tax efficient manner, minimizing taxes.