Search found 1750 matches

by neurosphere
Thu Feb 04, 2016 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of fellowship
Replies: 37
Views: 1500

Re: Taxation of fellowship

Except as provided in paragraph (2), subsections (a) and (d) shall not apply to that portion of any amount received which represents payment for teaching, research, or other services by the student required as a condition for receiving the qualified scholarship or qualified tuition reduction. I thi...
by neurosphere
Fri Jan 29, 2016 10:29 pm
Forum: Forum Issues and Administration
Topic: BOGLEHEADS.COM AND BOGLEHEADS.NET
Replies: 51
Views: 4587

Re: BOGLEHEADS.COM AND BOGLEHEADS.NET

Hello Everyone: I'm happy to announce that, thanks to the expert legal work performed pro-bono by Boglehead attorney Serge Krimnus http://www.mkwllp.com/#people_krimnus , The John C. Bogle Center for Financial Literacy prevailed in a legal action against a financial advisor who was using our tradem...
by neurosphere
Tue Jan 19, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Sharing Advice from meeting with High Level Vanguard Advisor
Replies: 61
Views: 8062

Re: Target Retirement Funds

Thought I would share the results of our meeting with this advisor at Vanguard. He personally doesn't like the Target Retirement funds due to glide path and heavy equity exposure for young investors. looking: This advisor quote doesn't make sense to me. Assuming Target Retirement funds are in tax-a...
by neurosphere
Mon Jan 18, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating with sibling to reduce taxes???
Replies: 21
Views: 955

Re: Incorporating with sibling to reduce taxes???

Your other option is simply to lie about the income the business makes. Simply create fake expenses or fail to report profit until you "dial in" the amount of taxes you wish to pay. The strategy I'm recommending is not legal. Nor is the strategy which forms the basis of your question. You ...
by neurosphere
Sat Jan 09, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bad health news, rethinking everything
Replies: 40
Views: 7126

Re: Bad health news, rethinking everything

Very sorry to hear about your mother. I had a similar experience a few years ago, with a rapid death from cancer in one parent and a new diagnosis of cancer with uncertain prognosis in another. My medical specialty is pediatric neurology/epilepsy. I decided that spending time with my and my wife's r...
by neurosphere
Fri Jan 08, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: NY Real Estate vs. The Stock Market
Replies: 38
Views: 2446

Re: NY Real Estate vs. The Stock Market

Are we supposed to ignore property taxes, maintenance, insurance, etc?

What about closing costs at the purchase, and any selling costs/fees they would need in order to cash out of their investment?
by neurosphere
Fri Jan 08, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard fee to buy backdoor Roth?
Replies: 24
Views: 1317

Re: Vanguard fee to buy backdoor Roth?

Seriously? How does one obtain a Vanguard coffee mug? You buy one. Or two. http://i63.tinypic.com/do546s.jpg A low cost coffee mug for high priced Starbucks coffee! That's a good idea (the mugs, not Starbucks). I need some more mugs, and may as well contribute to Vanguard. I buy Vanguard gear all t...
by neurosphere
Fri Jan 08, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: Sharing Advice from meeting with High Level Vanguard Advisor
Replies: 61
Views: 8062

Re: Sharing Advice from meeting with High Level Vanguard Advisor

I was somewhat surprised he was very adamant on even young people being static around 60/40 to 70/30, if you can afford to take down your debts and save money, dollar cost average through setting up automatic investing through your paycheck. Yes. This is the part I ever so strongly disagree with. W...
by neurosphere
Fri Jan 08, 2016 3:03 pm
Forum: Investing - Theory, News & General
Topic: Sharing Advice from meeting with High Level Vanguard Advisor
Replies: 61
Views: 8062

Re: Sharing Advice from meeting with High Level Vanguard Advisor

I would say, that within the universe of potential answers/advice one might get, the advice given ranks in the top 5% in terms of overall quality. There is 5% we can all quibble about, which is what makes this board so fun. This of course assumes that the implementation of the suggested asset alloca...
by neurosphere
Thu Jan 07, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2670
Views: 529624

Re: U.S. stocks in freefall

If in 30 days, when my fears of a systemic shock don't pan out or look likely, I am going back into stocks. I know this defies wisdom and the philosophy. But I don't see myself getting substantially hurt by this move this one time. You buy homeowner's insurance in the event of a fire. It costs you ...
by neurosphere
Sat Dec 19, 2015 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Slate: "Prophets of Thrift"
Replies: 25
Views: 2697

Re: Slate: "Prophets of Thrift"

...The main problem with the latte' issue is behavioral. We simply don't have the mental fortitude to turn down a latte' (or your personal equivalent) every day. The key to successful saving (assuming adequate income) is to win the big battles and plan to lose the latte' battles. Perhaps you only h...
by neurosphere
Sat Dec 19, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned about 457(b) plan - advice needed!
Replies: 18
Views: 1108

Re: Concerned about 457(b) plan - advice needed!

I recently "added" an employer to my list and have access to a non-gov 457, and agonized over whether to contribute. Then I found out that the health system had sold bonds to finance the building of a new hospital. I checked the bond ratings of those bonds and did not like what I saw. That...
by neurosphere
Tue Dec 15, 2015 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I have a question. Given that we know that, in general, that people are 1) motivated by financial incentives and 2) an HDHP might therefore motivate someone NOT to seek care when perhaps they should...do you... ...think that one should take into account this psychological/behavioral factors into acc...
by neurosphere
Mon Dec 14, 2015 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

This one finding makes me wonder if there might be a hidden flaw in their methodology. The study population had a median income between $125k and $150k and I just can't believe that this population wouldn't be able to 'do the math' well enough to eliminate any behavioral impact on their decision-ma...
by neurosphere
Mon Dec 14, 2015 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I agree all they seem to say is that the result of higher deductible is less consumption of heath care. Agreed, BUT... I think it's interesting that they also found evidence that WHEN folks DID seek care, the cost of care was the same (inflation adjusted) price as prior to the switch to the HSA. Fo...
by neurosphere
Mon Dec 14, 2015 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I'm also not sure the study is brilliant, just because the methodology is sound. I have a feeling people are not reading the study, or understand this field of research. Which is fair, because it's a highly specialized field. This was not an "experiment", designed and conducted and put in...
by neurosphere
Sun Dec 13, 2015 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 118
Views: 10697

Re: Why bad/expensive 401(k)s will likely always be with us

Participants do not realize just how much administrative overhead is required to maintain 401k plan compliance with all of the applicable laws and regulations and this compliance cost $ above and beyond normal admin fees. That's exactly the point. It's what most of us are saying all along. "Pa...
by neurosphere
Sun Dec 13, 2015 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

Are you able to tell your patients what you will be submitting as charges to the insurance company? That information would be helpful in and of itself. From there, they can compute their out-of-pocket based on remaining deductibles if any. At least it would be a worst-case figure. Additional in-net...
by neurosphere
Sun Dec 13, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation
Replies: 23
Views: 4169

Re: Physician Compensation

The way to get better terms is find another job you'd be perfectly happy with that has better terms, then play them off one another until you get the best possible deal from the one most desperate for you. Hard to do much negotiating when there is only one job in play. You're basically bluffing and...
by neurosphere
Sun Dec 13, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

Comparison shopping? Please. That's a joke. Anyone who's ever tried it has given up. I'm not even talking about questions about whether it is worth the extra cost to have your routine phragmatotomy done by the high-volume surgeon at the big teaching hospital ranked #1 in phragmatology, or by the ge...
by neurosphere
Sun Dec 13, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I'm not sure the behavior is really irrational. If the price of everything in healthcare is unknowable in advance, then the only way to be sure of saving money is to cut one's consumption of everything, across the board. Which is what people are doing. Of course normally the reduced demand would te...
by neurosphere
Sun Dec 13, 2015 10:51 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I have had HDHP/HSA plans for most of the last ten years. I feel this study completely misses the mark. They are treating this as if health care shopping was equivalent to goods and/or services shopping. Nothing could be further from the truth. It is all but impossible to price shop for health care...
by neurosphere
Sun Dec 13, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

I think it is more complicated than consumers unwillingness or resistance to "price shopping" for medical and health care. It seems to me that the US healthcare system is so comples and not logical that many folks just give up. I regard myself as quite informed, but I would be really chal...
by neurosphere
Sun Dec 13, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

Only surprising if you believe there in the strawman of "textbook models of rational consumer behavior." I'm not sure there is a 'strawman' situation. The 'textbook' model in this case does not refer to how consumers actually behave. But the textbook models referred are those that start w...
by neurosphere
Sat Dec 12, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

Not healthcare, but for some reason I am reminded of the Jack Benny bit: http://www.bing.com/videos/search?q=jack+benny+your+money+or+your+life+video+clip&view=detail&&&mid=89143B7E21BFDBEB887589143B7E21BFDBEB8875&rvsmid=89143B7E21BFDBEB887589143B7E21BFDBEB8875#view=detail&m...
by neurosphere
Sat Dec 12, 2015 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

This is not as bad people do not contribute to their 401K up to the match. In many cases, that contribution increased their take home pay and give them 100% return. Not contributing does not save their money in this case. But, they still do not do it. WHAT?!?! Do such mythical creatures actually ex...
by neurosphere
Sat Dec 12, 2015 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

Re: The psychology of high deductible health plans

OP, In my honest opinion, the only surprise here is why are you are surprised by this? Hmm, not surprised hardly at all at the hypothesis/conclusion of the study. In my blog post, I admit that I have done exactly what the study found: that I forgo potentially necessary health care in order to "...
by neurosphere
Sat Dec 12, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Compensation
Replies: 23
Views: 4169

Re: Physician Compensation

I would use the MGMA data simply as a starting point. There can be substantial variability in compensation for very similar jobs in the same city. I have helped physicians negotiated contracts, and have found compensation (for similar levels of time/effort/RVU) to vary up to 80% for very similar job...
by neurosphere
Sat Dec 12, 2015 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of high deductible health plans
Replies: 102
Views: 6705

The psychology of high deductible health plans

Hi all, I wanted to share a fascinating study related to HDHP/HSA insurance accounts. There was a study published about a month ago by the National Bureau of Economic Research with looked at consumer health spending when switching from a traditional health insurance plan and an HDHP with HSA. From t...
by neurosphere
Thu Dec 10, 2015 12:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Issues
Replies: 73
Views: 4734

Re: We're not allowed to complain about Vanguard here?

It's not an A because I'm ticked off that they called me and began by asking me security questions. Apart from that, everything was smooth. I just had an idea, what if WE asked Vanguard "Security questions" when Vanguard initiates a call to us. I think I can come up with a few questions t...
by neurosphere
Thu Dec 10, 2015 9:47 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Issues
Replies: 73
Views: 4734

Re: We're not allowed to complain about Vanguard here?

TinyElvis wrote:It's a rollover into a Traditional IRA.


A Rollover from what? From a 401k to a trad IRA, or a SIMPLE IRA to a trad IRA? I assume it has to be one of those two options if there is a former employer involved.
by neurosphere
Thu Dec 10, 2015 9:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Issues
Replies: 73
Views: 4734

Re: We're not allowed to complain about Vanguard here?

It looked like a letter directed to her former employer. I was calling to try to find out from Vanguard if we were supposed to forward that letter along, or if there was a mistake. What kind of IRA do you have a question about? A SIMPLE IRA, a traditional IRA, or a Roth IRA? Where is the original I...
by neurosphere
Thu Dec 03, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax prep software, 4 user license
Replies: 15
Views: 1027

Re: Tax prep software, 4 user license

I second making your kids do their own tax returns but I was not successful until they were in their 30's and I was over 70. ( I told them I was on my last legs. :-)) A third vote here. I did my kids tax returns thru their college and a couple of years after. I happened to mention this to a just ou...
by neurosphere
Wed Dec 02, 2015 6:17 pm
Forum: Investing - Theory, News & General
Topic: Fairholme (FAIRX) warning
Replies: 44
Views: 3857

Re: Fairholme (FAIRX) warning

Is this a popular fund? If so, why? I see it has an expense ratio of 1%. I also see that it currently has 25% of assets in cash. Of the equity portfolio, about half is invested in just 5 funds. It is classified one of those "non-diversified" funds, according to the 1940 Securities Act defi...
by neurosphere
Wed Dec 02, 2015 1:58 pm
Forum: Investing - Theory, News & General
Topic: Tax consequences for leaving Edward Jones Advisory Solutions
Replies: 5
Views: 481

Re: Tax consequences for leaving Edward Jones Advisory Solutions

There would be no tax consequences for moving an IRA, whether the investments go over in-kind, or whether you sell the investments, transfer the cash within the IRA, and buy what you need. The expenses you may incur by not doing an in-kind transfer would be related to the fees, if any, of selling th...
by neurosphere
Fri Nov 27, 2015 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: No Admiral Shares in a Vanguard Individual 401(k)
Replies: 42
Views: 7615

Re: No Admiral Shares in a Vanguard Individual 401(k)

leonard wrote:Impressive. One thread zombied 3 times.


Never heard that term before, but it makes perfect sense and I knew instantly what you meant. I like it.
by neurosphere
Sun Nov 22, 2015 5:31 pm
Forum: Personal Consumer Issues
Topic: Tall furniture tipping
Replies: 14
Views: 1368

Re: Tall furniture tipping

Drywall anchors can hold an a surprising amount of weight. In your case (if you are allowed to use drywall anchors), they should be more than enough to prevent tipping, provided no one is climbing on the furniture. It would still be prudent to place the heaviest items at the bottom of any tall shelv...
by neurosphere
Sun Nov 22, 2015 12:51 am
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 2457

Re: Series 7 Exam and Bogleheads

saltycaper wrote:Do you not need to be sponsored by a firm to take these exams? I thought you did, in which case you could not just decide to take them on your own, no?


That may have been old requirement, perhaps of some states. I took the series 65 a few years ago and did not need any sponsor.

SK
by neurosphere
Sat Nov 21, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: Series 7 Exam and Bogleheads
Replies: 26
Views: 2457

Re: Series 7 Exam and Bogleheads

jalbert wrote:Series 65 might be more useful.

-jalbert


If you wish, by a study manual for the series 65 and learn the material. Don't bother to take the test.
by neurosphere
Sat Nov 21, 2015 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1229

Re: Question re: receiving a very 1099-MISC

There is no split on Schedule C for cash receipts vs 1099 MISC forms. There is no requirement to include 1099 MISC forms with your return. There is probably some rudimentary matching: did the person report at least as much income on Schedule C as was reported on 1099 MISC forms. Now if you're audit...
by neurosphere
Sat Nov 21, 2015 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1229

Re: Question re: receiving a very 1099-MISC

My wife (sole proprietor) received a check in January that was dated Dec 31, 2014. We reported the income in 2014 so that the 1099s would match up. So, you are saying we could have waited a year to report the income... Yes, you can report it in 2015. Suppose the check dated Dec 31, 2014 was receive...
by neurosphere
Sat Nov 21, 2015 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1229

Re: Question re: receiving a very 1099-MISC

Spirit Rider wrote:This is one case where the client's expense and the provider's revenue can fall in different years.


That's the way I view this situation too and what I would explain to the IRS if they come calling. :)
by neurosphere
Sat Nov 21, 2015 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1229

Re: Question re: receiving a very 1099-MISC

Your service provider should have claimed the $100 in year one (2013), and the $550 in year two (2014). It does not matter when he cashed the checks. If he prepared the dummy 1099 each year there should be no issue for him or for you. You should have the documentation to show that was paid over two...
by neurosphere
Fri Nov 20, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Question re: receiving a very 1099-MISC
Replies: 13
Views: 1229

Re: Question re: receiving a very 1099-MISC

Hey, I'm gonna piggy back on this question with my own question which is somewhat similar. I paid a person for services but which did not require me to file a 1099 ($100 check mailed in December 2013, $550 check mailed in January 2014). This person probably received and/or cashed both checks in Jan ...
by neurosphere
Thu Nov 19, 2015 8:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Group On Pace For Record Inflow
Replies: 31
Views: 3814

Re: "Vanguard on Pace For Record Inflows"

Nobody talks about asset bloat in the context of index funds because each trade is very incremental, and they don't face the same challenges. In theory, index funds which track a very small or very illiquid sector of the market can be hurt with too many assets. For a reductio ad absurdum type of ex...
by neurosphere
Wed Nov 18, 2015 7:48 am
Forum: Personal Consumer Issues
Topic: Telephone number for Voice Mail Only
Replies: 17
Views: 1333

Re: Telephone number for Voice Mail Only

What about Ring Central? Any experience? I use Ring Central for my one-person financial planning and tax-prep business and like it a lot. I was initially annoyed that the advertised rate of $45/month or whatever for the plan I chose ended up being closer to $85 with taxes and fees, which I felt was...
by neurosphere
Sat Nov 14, 2015 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Inherited money I planned to use for retirement but it disqualifies my kids from scholarships.
Replies: 147
Views: 6482

Re: Help! Inherited money I planned to use for retirement but it disqualifies my kids from scholarships.

Right... I am looking for places to put the money. We have no idea where our two kids will go to college. We will try for both private and public. Mostly close to home. Turns out loans generate interest payments while the kids are in school! I get the impression you have a lot of misplaced anxiety....
by neurosphere
Sat Nov 14, 2015 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Inherited money I planned to use for retirement but it disqualifies my kids from scholarships.
Replies: 147
Views: 6482

Re: Help! Inherited money I planned to use for retirement but it disqualifies my kids from scholarships.

Let me try to understand this. You have $600,000 today you did not have yesterday. Due to this money, your assets have increased, and this will decrease the amount of aid you might hope to obtain for your children's college expenses. Do you feel that this sudden increase in assets of $600,000 will e...
by neurosphere
Thu Nov 12, 2015 5:37 am
Forum: Personal Finance (Not Investing)
Topic: TaxSlayer Pro - seeking info
Replies: 16
Views: 1455

Re: TaxSlayer Pro - seeking info

That's great that you are thinking of volunteering--it is very rewarding. That said, the TaxSlayer software version sold to consumers could well be quite different from the professional version ("Taxslayer Pro") that the IRS will purchase for VITA and TCE (Tax-Aide/AARP). Typically consum...

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