Search found 194 matches

by mrsytf
Mon Oct 16, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire / Visa Infinite Concierge
Replies: 4
Views: 742

Re: Chase Sapphire / Visa Infinite Concierge

I used Amex's concierge service which is probably similar. There were no tickets available at a broadway show I wanted to see and so I went through them. I got tickets but they were wildly expensive. So I would look around if you are able. You may be getting amazing seats at top tier prices when che...
by mrsytf
Sun Oct 15, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster:NEED HELP! We are total newbies and late to the game*updated
Replies: 31
Views: 2215

Re: First time poster:NEED HELP! We are total newbies and late to the game

A third of your portfolio is in cash?!?!! Ummmm why? Are you sure you can handle a 70-30 stock/bond allocation? Most folks who are that aggressive don't have so much cash lying around. Think carefully about your true risk tolerance. What allocation in the old 401k target retirement fund of 2020? How...
by mrsytf
Sun Oct 15, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster:NEED HELP! We are total newbies and late to the game*updated
Replies: 31
Views: 2215

Re: First time poster:NEED HELP! We are total newbies and late to the game

Can you edit your post to put the fund names in addition to the tickers? I have no idea what those tickers represent. What is the estimated size of your portfolio? Low 7's, high 6's? What is your goal and how close are you to reaching it. What is in the brokerage account that seems to represent a qu...
by mrsytf
Sun Oct 15, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime - Decline in Delivery Service?
Replies: 50
Views: 3391

Re: Amazon Prime - Decline in Delivery Service?

Worse for me. Case in point, I ordered a case for my MacBook air. Was pleasantly surprised to see that my item would arrive Sunday (today) if I ordered in the next few hours. Not that I needed it necessarily Sunday. More just curious to see that they deliver on Sundays. Well Sunday is here and there...
by mrsytf
Sun Oct 15, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Over $10k in taxes owed for using 529s
Replies: 10
Views: 1535

Re: Over $10k in taxes owed for using 529s

Clearly we didn't consider needing the 529 money for non-education purposes when we funded the 529 accounts because otherwise we could have just put the money in a brokerage account and paid significantly less taxes for long-term capital gains. Based on your earlier statement in the OP, it sounds l...
by mrsytf
Fri Oct 13, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Part time Job
Replies: 5
Views: 615

Re: Part time Job

I would quit once you start the MBA program. Or have you started already? If you are in school, I would focus on that, keep the full-time job to pay the bills and use your free time to spend with the little ones.You state you can build the e-fund and pay for school with just the full-time job. That'...
by mrsytf
Tue Oct 10, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Personal advice
Replies: 13
Views: 1786

Re: Personal advice

Just a few thoughts. Does this practice have a business manager? In addition to clinical responsibilities you will also be doing payroll and other admin jobs? Make sure you are prepared knowledge wise to handle all that. In addition to practicing medicine it sounds like you will be running a busines...
by mrsytf
Tue Oct 10, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5524

Re: Anesthesiologist Advise [how to save money]

Okay, so this is my second reply on your post but you have me seriously concerned. This is a link to white coat investors "start here" page. If you scroll down to the links there are ten or so intro pages that might be helpful to you. https://www.whitecoatinvestor.com/new-to-the-blog-start-here/ Als...
by mrsytf
Tue Oct 10, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5524

Re: Anesthesiologist Advise [how to save money]

How much are you making right now? Is it variable? If so then you need to learn to live on last months income. Here is a link from the blog the simple dollar on what that means and how to do it. https://www.thesimpledollar.com/how-to-live-on-last-months-income/ What are your monthly expenses? Not ju...
by mrsytf
Sun Oct 08, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Spending FSA dependent care money
Replies: 7
Views: 669

Re: Spending FSA dependent care money

What makes you think they aren't employees? Per the IRS: Common Law Rules Facts that provide evidence of the degree of control and independence fall into three categories: Behavioral: Does the company control or have the right to control what the worker does and how the worker does his or her job? ...
by mrsytf
Sun Oct 08, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spending FSA dependent care money
Replies: 7
Views: 669

Re: Spending FSA dependent care money

Without getting into the other questions of employment and tax law - I would strongly advise against claiming the FSA money was spent on a nanny if you aren't issuing a W2 to them, it is just asking for trouble. Not true. Dependent care money can be used for when both spouses work or are looking fo...
by mrsytf
Sat Oct 07, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: 529 help
Replies: 22
Views: 1222

Re: 529 help

Can you get the illinois state tax deduction contributing to the Utah plan?
by mrsytf
Thu Oct 05, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4949

Re: 2M savings investment help

Have you read the bogleheads guide to investing? It will give you a nice overview. The most important thing is for you to decide how much you want to put in stocks. The recommendation, even for late retirees is at least 20 percent. Your advisors plan for 35 is reasonable given your age. DFA funds ar...
by mrsytf
Thu Oct 05, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4949

Re: 2M savings investment help

Never been good at this I don't think that's true. You have more money than me and I have been investing for 15 years. The goal is to have enough, not every single cent you can. You could have had more but so what you are a multimillionaire and very close to your goal. Given your risk tolerance I t...
by mrsytf
Thu Oct 05, 2017 7:46 am
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4949

Re: 2M savings investment help

Never been good at this I don't think that's true. You have more money than me and I have been investing for 15 years. The goal is to have enough, not every single cent you can. You could have had more but so what you are a multimillionaire and very close to your goal. Given your risk tolerance I t...
by mrsytf
Wed Oct 04, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4949

Re: 2M savings investment help

One other thing, we too had a large amount in savings. We threw every xtra dollar in there for our down payment and continued to allocate money towards the savings account over a year after we bought the house. Eventually we decided to invest. Every month I transferred a sizeable amount to vanguard....
by mrsytf
Wed Oct 04, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: Do I have to choose between buying home in HCOL and FIRE or can I have both?
Replies: 35
Views: 2532

Re: Do I have to choose between buying home in HCOL and FIRE or can I have both?

If your wife is in an NP program with a potential future salary increase then your future home sounds like it is more within your reach. I personally would wait until after you have kiddos to buy, those little ones have a way of interrupting even the best laid plans.
by mrsytf
Wed Oct 04, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4949

Re: 2M savings investment help

Where is your money now? All in cash? You mentioned a donor advised fund. Are you working with an advisor? We are about your age with similar assets, but most of our money is on tax deferred accounts. I would recommend a straight 70-30 allocation. You are a little more than halfway towards your goal...
by mrsytf
Tue Oct 03, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card budget
Replies: 10
Views: 1065

Re: Credit card budget

Im pretty mindful of my money but I do spend more with a credit card for sure. If I was in the supermarket and I had $120 cash, I would be keeping a running tally of my expenditures the entire time. But if I had my credit card I would buy what I needed but if I saw something I used at a steep discou...
by mrsytf
Tue Oct 03, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Do I have to choose between buying home in HCOL and FIRE or can I have both?
Replies: 35
Views: 2532

Re: Do I have to choose between buying home in HCOL and FIRE or can I have both?

300k gross is you and your wife? Or just you? Why is your wife working part-tile? If I was your wife and wanted to buy a home in a HCOl area, I would be working full time and overtime especially with no kids in the picture! Make hay while the sun shines. Once you have children, she may opt to be a S...
by mrsytf
Mon Oct 02, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2290

Re: Can we afford this house? ("Small Law" edition)

I was rooting for you until you listed the property taxes. We have a $600k home with $14000/yr property tax. We spent three years looking for homes in a gorgeous established community. The $350k homes all needed something major as in putting in central air (ductwork through plaster walls), updating ...
by mrsytf
Sat Sep 30, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Borrowing $ from Wife to Receive Premium Tax Credit
Replies: 9
Views: 905

Re: Borrowing $ from Wife to Receive Premium Tax Credit

I don't see any issues with this. This seems like what most couples would do: pick and choose which assets to draw from to match income needs. The only difference between you and other couples is that both parties likely actually know what is in each other's accounts. But is this year somewhat diffe...
by mrsytf
Thu Sep 28, 2017 6:55 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12806

Re: Why do you LBYM? Why do you save and invest?

I knew from a young age that I wanted to retire early. When I say young I mean like a teenager. Not sure if I am just inherently lazy or what, but no one had to tell me to save for retirement. As soon as I had my first job as a teen, I was saving for my eventual retirement. When I started to invest ...
by mrsytf
Thu Sep 28, 2017 6:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 113
Views: 22861

Re: NE Ohio (Cleveland Area) Master Thread

From Solon, it's actually only 30 minutes. I imagined it further but that's not too bad.
by mrsytf
Sun Sep 24, 2017 6:03 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8339

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

So, how do I find an excellent Internist without being a physician myself? :oops: This is when you take advantage of six degrees of separation. Someone you know knows someone who knows someone who works in a hospital. Look for nurses, ER docs, and referring physicians. They know who does the proced...
by mrsytf
Sat Sep 23, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Please help physician newbie to investing with intention
Replies: 10
Views: 1259

Re: Please help physician newbie to investing with intention

You can easily pay off that student loan with the 17k you have in savings. That would leave you with $5k. If you continue contributing the $2500 monthly and then add whatever your monthly student loan payment was to your savings, you will have replenished the savings by the end of this year. To redu...
by mrsytf
Sat Sep 23, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Question for car guys & gals: Two vs Three Row AWD vehicle...?
Replies: 16
Views: 981

Re: Question for car guys & gals: Two vs Three Row AWD vehicle...?

Toyota Siennas are AWD On the other issue, my wife's doctor wanted a girl. She kept getting pregnant. After 5 boys, she gave up. Remember that the odds don't turn in your favor just because you've already had 2 girls. I guess if you're ok with 5 or 7 or 10 girls, then ok. It's how 19th century famil...
by mrsytf
Sat Sep 23, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 5020

Re: Getting (young) kids interested in coding

I didn't ask for ideas how to pressure my kids into doing something they don't want to do. I simply want to expose them - gently, in a way appealing to them, and on their terms - to the broader concept. "Provide the opportunity" as you say. I am not going to go all Tiger Parent on them and brute fo...
by mrsytf
Fri Sep 22, 2017 8:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 113
Views: 22861

Re: NE Ohio (Cleveland Area) Master Thread

Any chance the meeting will ever be on the east side? Or will it always be at the North Royalton library?
by mrsytf
Fri Sep 22, 2017 8:19 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10453

Re: No More Saving???

We are in our mid 40's and have cut down on saving for retirement. We have a sizeable nest egg although not quite 20x current expenses. But we could live on what we have now. So for that reason I slowed down on the taxable side. We max out my husband's 403b, 457 and my 457. My husband's employer has...
by mrsytf
Sun Sep 17, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5595

Re: What is FI if you love your job?

OP, No reason you have to quit working. One of my colleagues stopped working at 84, although you would never know it because he still stops by. I do recommend saving a significant part of your salary regardless, at least 20% because life...well happens. Work could change but circumstances can change...
by mrsytf
Sat Sep 16, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Parents' Financial Situation
Replies: 11
Views: 1471

Re: Advice on Parents' Financial Situation

The problem is clear but the solution is not. Your parents are in their 60's and they want to work. They are entrepreneurs. I can't imagine after years of being entrepreneurs they can successfully segway into an employee role, esp at that age with limited English. Having said that my ex-nanny's pare...
by mrsytf
Sat Sep 16, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5140

Re: Mother-In-Law dying, Wife wants to buy a Porsche

It doesn't sound like you two are on the same page financially. I don't think there is any way I or my husband could surprise each other financially. But I don't know if now is the time to address it. I'm curious to hear what other bogleheads think about inheritances, is it HER money or THEIR money?...
by mrsytf
Wed Sep 13, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Self employed income- dump all of it into solo 401k or just after deducting expenses
Replies: 8
Views: 361

Re: Self employed income- dump all of it into solo 401k or just after deducting expenses

You still have to pay FICA taxes on solo 401k contributions. I didnt realize that. In previous years I had a sep IRA and just contributed the 25% of the net income. There was always net income to pay taxes on. This is the first year with a solo401k and it appears that my potential employee contribut...
by mrsytf
Wed Sep 13, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Self employed income- dump all of it into solo 401k or just after deducting expenses
Replies: 8
Views: 361

Self employed income- dump all of it into solo 401k or just after deducting expenses

Looks like I will "only" be making 16-18k of self employed income this year. I have spent roughly $3000 this year in work related expenses in an effort to generate more work and be more efficient at work. I justified those expenses in part because I expected to make more than the $18k. For a multitu...
by mrsytf
Mon Sep 11, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2574

Re: Retirement Checkup - Physician nearing end of Training

Would you recommend marriage to someone in the same field as you? Presumably if there is only 1 physician there would be plenty of money to go around.. eventually it becomes numbers on a screen. How about living with someone talking about patients, medicine, and science all the time? I haven't done...
by mrsytf
Sat Sep 09, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2574

Re: Retirement Checkup - Physician nearing end of Training

I would pay off the student loans. Many of those loan payment plans offered by a physician practice or hospital come with a required number of years to be employed by that entity. If those required years are not met then the grant converts to a loan, with likely a >4% interest. I would just pay off ...
by mrsytf
Fri Aug 25, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6726

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

Until the baby comes I would stash the extra $5k in the efund. Do you really only have 3 months expenses in cash savings? Losing your wife's income for 6 months or so won't hurt your bottom line too much. Also you mentioned your income would drop to be around home more after the baby's born. How so?...
by mrsytf
Mon Aug 21, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 12262

Re: Is it worth it? [demanding jobs vs time with family]

This post has gotten so many responses but thought I would put my 2 cents in. I am working part-time to allow myself to be more available to the kids. I mourn my career at times and realize I will never be a heavy-hitter or big-time player in my field. I just don't put the time in that I would need ...
by mrsytf
Sun Aug 20, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: School District Quality
Replies: 15
Views: 1451

Re: School District Quality

I think your best bet is to choose any affluent area with a well regarded school district - that is where you will find the hard-working motivated students. When I first moved here, district A was considered the best. When I was ready to buy a home, folks were talking about district B. When I review...
by mrsytf
Thu Aug 17, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 11
Views: 979

Re: Should we pay off the house before the baby arrives?

A nanny would only be just a touch more in cost. Have you done the math? I don't know where you live but we paid our nanny $16/hr for three kids. $640/week. Let's say you live in a VHCOL area and pay her $20/hr - that's $800 - only $200 more. You will have to pay fICa- 7.2% I believe of her salary s...
by mrsytf
Wed Aug 16, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 3144

Re: Planning for my Wife - Introductory Post & First Question

I hope you involve your son in your discussions with your wife, even if you make it clear that the money is hers to manage? What if she falls sick sooner than expected or gets injured in a car crash, gets targeted by a scam artist, seduced in her grief by a swindler or remarries to someone with thre...
by mrsytf
Wed Aug 16, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9598

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

If i were you I would work on lining up some childcare options, either a neighbor you can call on a moments notice or an agency. There will be times when you need to accompany your husband to appointments not appropriate for a child. Or moments in the middle of the night when he is feeling ill from ...
by mrsytf
Mon Aug 14, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 7300

Re: Retired Boglehead obsession with money- devil's advocate

I've come to believe that my husband will always worry about money, no matter how much he has. I've tried my best to reassure him that we are not destitute and are not in danger of being destitute with various spreadsheets, projections, calculators and such. None of it convinces him for any length o...
by mrsytf
Sat Aug 12, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Contractor job - what type of entity?
Replies: 12
Views: 938

Re: Contractor job - what type of entity?

I presume this is a 1099 position. If I were her, I would not necessarily open up any business entity. If this were her own company she was starting that would expose her to some liability, an LLC could be considered. But since that does not appear to be the case, I wouldn't bother with the paperwor...
by mrsytf
Tue Aug 01, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement savings sufficient to justify home renovations?
Replies: 17
Views: 1877

Re: Retirement savings sufficient to justify home renovations?

Did you refi and cash out? You have so little equity and you've owned the home for 8 years. How much did you put down? What did you do with the refi money if you did indeed cash out? I'm a little concerned however the concern is mitigated by the fact that you plan to have the cash in the bank before...
by mrsytf
Wed Jul 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Borrow from 403B to maximize 457?
Replies: 6
Views: 433

Re: Borrow from 403B to maximize 457?

Combined salary is 200k or just yours? Can you live off of your wife's paycheck for the next seven months? If it were me I would do it over two months if allowed - $9000 In august and $9000 in November. I would spend the bare minimum during those months. Complete spending fast. Baglunch,simple groce...
by mrsytf
Sun Jul 23, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8583

Re: Investing Education and Mansplaining

It may not necessarily be mansplaining rather old person-splaining. At 22, she may fee that she is never gonna get old. Why don't you introduce her to some millennial blogs (i can't remember any off hand but they usually include the work millennial in them) or perhaps give her a copy of the book by ...
by mrsytf
Fri Jul 21, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 2611

Re: simplicity vs chasing bonuses

OP, The good thing about bonuses are that there will always be bonuses. When I was a poor student, I got into a little bit of trouble spending money I didn't have on things because they were on "sale". I stopped shopping for a time and when I resumed many months later I realized I hadn't missed out ...