Search found 97 matches

by mikefixac
Sun Jul 30, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: What you wish you had known entering your late 20's
Replies: 130
Views: 30282

Re: What you wish you had known entering your late 20's

That life is short, really, really short. Today someone on FB became friends with me. We worked at the US Tax Court together for a short time. It doesn't seem that long ago, I remember she had a little girl. So I asked her how old is her little girl. She's 36 and has 2 children. My goodness, it rea...
by mikefixac
Sat Jul 22, 2017 10:52 pm
Forum: Personal Consumer Issues
Topic: YouTube TV - Anyone used or currently using?
Replies: 29
Views: 3140

Re: YouTube TV - Anyone used or currently using?

Geez, that Youtube TV looks pretty good. Round it out with Netflix and Ama Prime, you're doing pretty good. What I like is the unlimited recording of shows or the number of shows at the same time. Also that up to six can have their own account within the account. Does that mean, get 5 friends, all c...
by mikefixac
Mon Jul 17, 2017 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 105
Views: 6091

Re: What advice to give 21 year old?

Your human capital so far exceeds your investment assets that a bond position would be decimal dust.


Now there's a man who believes in his son. Wonderful quote.
by mikefixac
Wed Jun 14, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Rollout Begins for Person-to-Person Digital Payments Backed by Banks
Replies: 25
Views: 2555

Re: Rollout Begins for Person-to-Person Digital Payments Backed by Banks

If it weren't for ID, I'm not sure that he'd need a wallet at all. A lot of kids don't carry a wallet any more. They have a cellphone with an attached sleeve that holds their drivers license, student ID, and a debit / credit card or two. With mobile wallets, I can see a day in the not too distant f...
by mikefixac
Thu May 18, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 280
Views: 45968

Re: Any books really change your outlook on life?

The China Study - I saw it mentioned in an earlier post from 2010. A must read, you can't ignore the science. I've seen this book recommended a number of times in this thread. Must say, it makes me happy. In most threads I read about Dr Campbell, most comments are what I find distorted. I've been a...
by mikefixac
Tue Apr 18, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 14678

Re: Too much inheritance to handle. Advice needed

That's why I love the Bogleheads. So many smart people offering the best advice. A friend's mom recently passed and he also will inherit a chunk of money. A close family friend of his wants to invest the money for him. Family friend wants to put him in a variable annuity. I'm not as smart as many po...
by mikefixac
Thu Mar 30, 2017 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 3938

Schwab offering .03% ER

Saw this today on my FB page:
https://www.schwab.com/public/schwab/nn ... ml?van=tqn

If Schwab offers a low ER, I think I would be more inclined to put my money with them, being I can access them locally.

Would appreciate what others think of this. Thank you.
by mikefixac
Mon Mar 13, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 91
Views: 14166

Re: Priorities

Protagonist, it was probably your excellent health that allowed you to survive. Here's a fascinating read by a fellow physician: Prevent and Reverse Heart Disease, Caldwell Esselstyn. Also, you said: "They say that any unexplainable chest pain in those over 40 should be treated with suspicion.&...
by mikefixac
Mon Feb 06, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting--Carry Forward
Replies: 6
Views: 748

Re: Tax Loss Harvesting--Carry Forward

Thanks. It's too bad the $3000 can't be deferred to when it could be put to use.
by mikefixac
Mon Feb 06, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting--Carry Forward
Replies: 6
Views: 748

Tax Loss Harvesting--Carry Forward

OK, I've talked with 3 accountants, tried contacting the IRS--hopefully Bogleheads will come to my rescue. Tax loss harvesting and carry forward: In 2015, wife and I had income of $10K, no schedule A. Therefore owe no taxes with standard deduction and exemptions. Also had capital loss of $4K. Even t...
by mikefixac
Fri Feb 03, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 280
Views: 45968

Re: Any books really change your outlook on life?

Siddhartha. While this book has a cult following, I thought the protagonist no more than an ascetic narcissist. Leaving his loving family, then meeting a beautiful woman who gives him a child and he leaves them too to search for "truth". Book that blew me away and still does: The Pleasure ...
by mikefixac
Wed Jan 11, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 18444

Re: Best Financial Moves You've Made

I love this thread. From: cashisking500 ┬╗ Mon Jan 09, 2017 10:11 am "I'm going to assume that most folks on Bogleheads are above average in terms of how they handle their finances." Ya think? My path's a bit different in that I was relatively poor most of my life. Bought a few properties a...
by mikefixac
Sun Dec 18, 2016 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Defined Contribution Plan--Asking Advice
Replies: 15
Views: 1657

Re: Defined Contribution Plan--Asking Advice

The sticking point may be "the separation from employment". My wife is technically still with the county. Not working but just waiting till next year to officially retire. So here's a note I just sent to my tax guy: (please don't be too rough on me Bogleheads, am I looking at this right?) ...
by mikefixac
Fri Dec 16, 2016 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Defined Contribution Plan--Asking Advice
Replies: 15
Views: 1657

Re: Defined Contribution Plan--Asking Advice

Thanks so much folks.

My wife says she has two defined contribution plans: (here's her email)

"I have two things.. One is a pension from the County of Orange. The other is OC Defined Contribution plan 457 and a 401(a)."
by mikefixac
Fri Dec 16, 2016 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Defined Contribution Plan--Asking Advice
Replies: 15
Views: 1657

Re: Defined Contribution Plan--Asking Advice

Yes, she has a defined benefit plan that starts once she officially retires.

Not sure what you mean "what kind of defined contribution plan". She put money in the DC plan and the county manages it. There is no matching or anything like that. It's all her money.
by mikefixac
Thu Dec 15, 2016 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Defined Contribution Plan--Asking Advice
Replies: 15
Views: 1657

Defined Contribution Plan--Asking Advice

My wife quit working for the county. She could retire and start drawing retirement, but the longer she waits, the more the retirement goes up. Presently, we're living on our savings. So here's my question: Since we have no income this year, it would certainly behoove her to rollover some of her defi...
by mikefixac
Sun Dec 11, 2016 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Rent out property and then move in--$500K no tax?
Replies: 3
Views: 787

Rent out property and then move in--$500K no tax?

If I buy a home, rent it out for a number of years, while taking the depreciation-how does it work if I then move in for a couple of years? If there's a cap gains of over $500K, would I still get the $500K even though I depreciated the property?
by mikefixac
Thu Oct 20, 2016 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advice for a 20 year old
Replies: 94
Views: 8016

Re: Financial advice for a 20 year old

Hello Keanoz, I've much enjoyed reading through this thread. I'm not learned, but my take is that a few of these folks helping you are most knowledgeable. Maybe even a fiduciary's fiduciary. Have you thought about sharing this thread with your Dad? And congratulations on your youthful wisdom seeking...
by mikefixac
Wed Sep 14, 2016 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 205
Views: 26172

Re: $50M+ - Need a sounding board/advice

I probably don't even deserve to be here with such esteemed commenters, but what the hell, I'll go anyway. #1. Being you're here and spending rate is extremely low, I suspect you're more likely to see at least a few more doublings in your lifetime than losing your money. Hell, 3.6 doublings put you ...
by mikefixac
Sun Aug 28, 2016 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Managing a windfall: DIY or hire an advisor?
Replies: 53
Views: 5645

Re: Managing a windfall: DIY or hire an advisor?

Read a recent book called The Simple Path To Wealth. Also the Bogleheads wrote a good book.

If you take the time to understand, it's not difficult at all. In fact the more difficult/complicated you make it, the less money you'll make.
by mikefixac
Sat Aug 20, 2016 9:31 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a deferred comp acct at retirement?
Replies: 6
Views: 706

What to do with a deferred comp acct at retirement?

I will retire in January 2017. I have close to 200K in my deferred comp acct. I must do something with it. Do you believe a ROTH IRA is the best way to go? If so, how should I proceed? The above was my wife posting. This is not the question I think to be asked. To rephrase the situation: Wife has no...
by mikefixac
Sun Jul 03, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about son's finances/life
Replies: 41
Views: 8537

Re: Worried about son's finances/life

Sounds like a hell of a kid. Congratulations.
by mikefixac
Tue Jun 07, 2016 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2016
Views: 351273

Re: What's Your Credit Card Rewards Strategy?

This has been a wonderful learning experience. Thanks so much everyone. I've never played the churn game, but looking back, I haven't paid for a flight in over 20 years. Don't fly much, but when I do, it's always been Southwest. Now, learning how valuable this game can be, I've become excited. Just ...
by mikefixac
Thu Apr 07, 2016 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Firecalc, really?
Replies: 58
Views: 8233

Re: Firecalc, really?

livesoft wrote:Yes, really. Start a mustache blog and you will be even more golden.



Pretty good. Surprised he wasn't able to get a dig in about Trump while he was at it.
by mikefixac
Tue Feb 23, 2016 1:40 pm
Forum: Personal Consumer Issues
Topic: Don't understand nutrition and exercise
Replies: 340
Views: 33273

Re: Don't understand nutrition and exercise

If interested, and it's diet related, here's something I wrote recently on the history of heart disease and its epidemiology.
by mikefixac
Sat Jan 30, 2016 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 12149

Re: What age does LBYM (being a big saver) pay off?

For me the payoff isn't in toys, it's in removing stress from my life. And it's paying off now. So many have said, the pay off is now. I had never really thought about it, but it makes so much sense. So one is buying peace of mind and freedom from financial worry. People who have nothing and then g...
by mikefixac
Thu Jan 07, 2016 4:00 pm
Forum: Investing - Theory, News & General
Topic: Lottery, Charity and Tax Question
Replies: 1
Views: 267

Lottery, Charity and Tax Question

When winning the lottery, my understanding is if one is to take the winnnings in lump sump, the amount is reduced. Then, almost 40% of the remaing goes to federal taxes. So here's a hypothetical: Lottery is won at $700MM. Payout (wild guess) is $400MM. If the winner wished to donate $300MM to non pr...
by mikefixac
Thu Dec 10, 2015 9:11 pm
Forum: Personal Consumer Issues
Topic: Advice for Encouraging Parents to Declutter Home?
Replies: 38
Views: 3459

Re: Advice for Encouraging Parents to Declutter Home?

I suppose this wouldn't work:

Agree to them going on a paid cruise and when they come home, it will be clutter free.
by mikefixac
Sat Nov 21, 2015 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need to overcome our frugal habits and splurge a little in retirement
Replies: 63
Views: 8802

Re: Need to overcome our frugal habits and splurge a little in retirement

This is why I love the Bogleheads. Fantastic comments.

I now see it'd be quite easy to spend money, lots of ideas.

And to OP, I admire how he spends his time. Seems to be in a very good place.
by mikefixac
Tue Nov 17, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What was your eureka! Boglehead moment?
Replies: 86
Views: 9589

Re: What was your eureka! Boglehead moment?

a particular moment/experience where they realized the importance of taking control of their personal finances and investment strategies I've always been frugal, mostly through necessity. And I've always enjoyed reading finance books-The Wealthy Barber, Richest Man In Babylon, et al. But a real tur...
by mikefixac
Tue Oct 13, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Here's my SS Question
Replies: 12
Views: 1433

Here's my SS Question

My wife, a retired county employee, is ineligible for SS. Even though she had enough credits before starting her govt job, it doesn't matter. (As an aside, even now in private practice, she still has to pay the full SS tax, but will receive no benefit except Medicare, to which she's already entitled...
by mikefixac
Tue Sep 01, 2015 5:50 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 535
Views: 122338

Re: That Frugal Thing You Do

[OT comments removed by admin LadyGeek]
by mikefixac
Sat Aug 01, 2015 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 10
Views: 1386

Re: SS Question

Let me take a shot of what I think Mike is asking. If you claim SS while still working (before full retirement age, now 66) SS will hold back $1 for every $2 you earn above $15,720. But you get that money back starting when you reach full retirement age. You get a higher monthly SS check. Don't rea...
by mikefixac
Sat Aug 01, 2015 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 10
Views: 1386

SS Question

Withdrawing SS at 62, the 2015 income limit is $15,720 before having SS deducted.

Does that include money earned by spouse too? IOW, if spouse makes $50K, I make $0, is my SS income deducted?

Thank you folks in advance.
by mikefixac
Thu Jul 23, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 6952

Re: I'm a spender?

Brother in law is a doctor. In his mid 50's now and plans to work till 65 at least. Hates his life, is depressed and sees no way out. For shits and giggles I checked out what would happen if when he started as a doc he saved $100K/year for 20 years at 8% return. It turns into $6MM. At 4% SWR, that's...
by mikefixac
Sat May 09, 2015 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 80
Views: 24279

Re: If I Knew Then What I Know Now

Looking back (40 years) at life and all its opportunities, no doubt if my friends followed Michael's advice, all would be millionaires today. Easily. There were just too many options we had available. I've made it though its certainly been a roller coaster. Involved in a cult in my twenties, a few f...
by mikefixac
Mon Mar 23, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 4453

Re: Advice for good friend

The fee for the mutual fund is 1.9%. The sales fee is 1%.

This doesn't even mention the fee the financial adviser is charging.
by mikefixac
Thu Mar 05, 2015 9:23 pm
Forum: Investing - Theory, News & General
Topic: Taxable Accounts-Cost Basis
Replies: 5
Views: 995

Re: Taxable Accounts-Cost Basis

OP here. Thank you all for your time and responses.
by mikefixac
Thu Mar 05, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question--Do I Have To File Taxes?
Replies: 11
Views: 1354

Re: Tax Question--Do I Have To File Taxes?

OP here. Thank you all for your responses.
by mikefixac
Thu Mar 05, 2015 1:13 am
Forum: Forum Issues and Administration
Topic: Most Popular Posts
Replies: 2
Views: 947

Re: Most Popular Posts

Thanks so much. Boy, that's going to save me a lot of time.
by mikefixac
Thu Mar 05, 2015 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question--Do I Have To File Taxes?
Replies: 11
Views: 1354

Tax Question--Do I Have To File Taxes?

OK, I'm stupid. I'm just so glad this board is anonymous. Anyway, I just read Publication 17 of the IRS Tax Code and realize if I make under $400 net (self employed), I don't need to file taxes. So all this time (I can't tell you how many years) I've been making under $400 net and not paying any tax...
by mikefixac
Wed Mar 04, 2015 11:51 pm
Forum: Forum Issues and Administration
Topic: Most Popular Posts
Replies: 2
Views: 947

Most Popular Posts

I'm not sure Bogleheads has this, but is there a way I could click and find the most popular posts, either those with the most views or the most comments? I love spending time on this website and it would be nice to read the most popular posts in each forum, instead of having to click through each p...
by mikefixac
Tue Mar 03, 2015 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Secure Accounts
Replies: 1
Views: 260

Secure Accounts

Are you ever concerned about your accounts being hacked and losing your money?

I guess it's a simple question, but something I think about.
by mikefixac
Sun Mar 01, 2015 9:44 pm
Forum: Investing - Theory, News & General
Topic: Taxable Accounts-Cost Basis
Replies: 5
Views: 995

Taxable Accounts-Cost Basis

A few basic questions please: In our Vanguard taxable account it has made money. Being that we're in a low income tax bracket, wouldn't it be wise to sell some of the account, and move it into another similar account to change the cost basis? Also, if I want to move money out of a Vanguard account t...
by mikefixac
Wed Feb 25, 2015 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 93
Views: 20317

Re: What to do with 5M?

Just an aside.

I read through the whole thread and was fascinated by the OP and the comments that followed.

This really is one hell of a great forum.
by mikefixac
Tue Jan 13, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for low cost cell phone plans...
Replies: 47
Views: 7184

Re: Looking for low cost cell phone plans...

Check out republic wireless, we have the $10/ month plan, also please see the December issue of Consumer Reports for independent ratings of Cell service providers. Ting and Republic wireless come out on top. I have the Republic Wireless service too. Unlimited phone and texting for $10/mo. No long t...
by mikefixac
Thu Oct 23, 2014 9:41 pm
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 20556

How often do you change your car's oil?

Honestly, I was surprised by the thread about washing cars and it seemed most hardly washed their cars at all. So I was wondering, how often do you change your car's oil? I'm not very good at keeping records but I'd say at least once per year and usually around 5K to 10K miles. If I find most never ...
by mikefixac
Thu Oct 09, 2014 10:01 pm
Forum: Personal Consumer Issues
Topic: Critically Acclaimed Movies you did not like
Replies: 150
Views: 23092

Re: Critically Acclaimed Movies you did not like

Also, I have to say that I loved Ordinary People; so much so that it makes me a little sad that some here did not. That's a funny emotional response, isnt it; I hate people pushing their opinions on me in any way, but I wish a bunch of internet strangers also loved what I love...Go figure. Ella Hey...
by mikefixac
Wed Sep 17, 2014 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 13975

Re: Any success stories of ppl who never made >$50,000?

40 years ago I came to CA. It was tough. I had a pan top and removed the screw and knob. Then I stuffed the hole with foil. I would buy a 10 lb bag of potatoes and eggs and the pan top was what I cooked in. I don't think I ever made anywhere near $30K, have had my own business since 1989. My luck wa...
by mikefixac
Fri Jul 11, 2014 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: What finance experts do you follow on Twitter?
Replies: 44
Views: 9815

Re: What finance experts do you follow on Twitter?

I just joined twitter earlier this year and have been really surprised by how much I use and enjoy it. I mainly follow news outlets (not friends or celebrities), so basically I get a stream of interesting articles to read. Money Magazine (@MONEY), Wall Street Journal (@WSJ), USA Today Money, Bloomb...