Search found 1930 matches

by neurosphere
Wed Sep 28, 2016 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Expect your Form 5500 Costs to Increase in 2019
Replies: 3
Views: 350

Re: Expect your Form 5500 Costs to Increase in 2019

I should have added the disclaimer that I have never prepared a 5500 except for a solo 401k. :D

Hopefully any increase in prep costs to small biz will be offset by a reduction in plan fees which may (hopefully) come about with increase in disclosure and ease of data access.
by neurosphere
Wed Sep 28, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Expect your Form 5500 Costs to Increase in 2019
Replies: 3
Views: 350

Re: Expect your Form 5500 Costs to Increase in 2019

In reading the changes, it doesn't seem that their would be THAT substantial an increase in preparation time/costs. It seems that two of the major additions to the form 5500 requirements are already information which is required to be compiled and submitted elsewhere. In general, while acknowledging...
by neurosphere
Fri Sep 23, 2016 10:00 pm
Forum: Investing - Theory, News & General
Topic: The Incredible Shrinking of Alpha continues--the latest SPIVA scorecard
Replies: 12
Views: 1550

Re: The Incredible Shrinking of Alpha continues--the latest SPIVA scorecard

inbox788 wrote:Harvard endowment down 2%. Yale not yet reported. MIT up nearly 1%.

"Yale Endowment Earned 3.4% in a Year When Many Peers Lost"

http://www.nytimes.com/2016/09/24/busin ... wment.html
by neurosphere
Fri Sep 23, 2016 6:49 am
Forum: Investing - Theory, News & General
Topic: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?
Replies: 8
Views: 365

Re: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?

but what confused me was that I would have thought that in the ten year view you would be able to see the point on the graph where AWSHX has "overtaken" LCCAX in the last year but that doesn't seem to be the case. I think the answer is that it's hard for the eye to see the effects of an e...
by neurosphere
Fri Sep 23, 2016 6:42 am
Forum: Investing - Theory, News & General
Topic: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?
Replies: 8
Views: 365

Re: Why do graphical comparisons of mutual fund trailing returns change with the length of the time horizon?

And if a broker is trying to sell me one mutual fund over another and is showing me various graphs how can I make sure I'm not being mislead with graphs that have cherry picked time horizons? What you note is done routinely, where brokers or mutual fund firms do indeed cherry pick the best time hor...
by neurosphere
Wed Sep 21, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: What Percentage To Put In International Stock?
Replies: 57
Views: 4447

Re: What Percentage To Put In International Stock?

I have not read all the posts in this thread, so forgive if this has been covered. I recently read something somewhere (no recollection at all of the actual source) that reminded me that US small cap stocks have less of an international component/exposure that US large cap. Thus, for those of us who...
by neurosphere
Wed Sep 14, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

In your original post, you stated, "I already have much more life insurance than I need, due to individual policies I own to cover what I need, PLUS basic life insurance provided to me by various employers which pushes my death benefit well beyond my family's needs." At this point would i...
by neurosphere
Wed Sep 14, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

Update. Just signed the paperwork. First, accepting the VUL is NOT a condition of employment. I have the option to refuse. However, by refusing I also give up what is essentially a fixed percentage increase in salary that comes along for optional use for "extra benefits". This extra salary...
by neurosphere
Mon Sep 12, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 38
Views: 3789

Re: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]

Ah, a two-year , not just a one-year, lag! I should have suspected as much since the NAWI series ends in 2014 and the others in 2016. Here are the updated endpoints. Pretty close now! And the reason I suspect one reason it's "close" and not exact is because the SSWB in 1982 is a rounded n...
by neurosphere
Mon Sep 12, 2016 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 38
Views: 3789

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

[*]SSWB has increased most of all. This has the double effect of increasing tax collections and increasing benefits slightly for high earners. If SSWB has increased more than CPI-U (or CPI or whatever other broad measure of inflation), is the net effect an increase or decrease in purchasing power f...
by neurosphere
Sat Sep 10, 2016 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical Fees for Financial Advice
Replies: 20
Views: 2475

Re: Ethical Fees for Financial Advice

Hourly rate (I don't like this option so much because clients may be reluctant to call because they don't want to pay, but I'm open to hearing others views on this)? I agree that clients don't like to get charged by the hour (even if the total fee will by much less than other payment methods for th...
by neurosphere
Sat Sep 10, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 6
Views: 684

Re: Social Security: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Your PIA is calculated from your 35 highest years of wages, adjusted for inflation. It is not practical to calculate your PIA without having the SSA inflation factors and each year of wages. "My Social Security" website will give you those numbers. And calculating a benefit based on curre...
by neurosphere
Fri Sep 09, 2016 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 38
Views: 3789

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

are you asking the same question I asked tfb above? if so, did you conclude that it is or that it is not necessary to know at what age the earnings were earned? yes, i think I was asking a similar question. I think that in order to calculate your ACTUAL benefit, you need to account for age, and the...
by neurosphere
Fri Sep 09, 2016 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 38
Views: 3789

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

sscritic notes that because earnings after age 60 are not indexed downward to age-60 dollars (as they would have to be in order to match the treatment of earnings that occurred prior to age 60), a year of maximum earnings after age 60 counts for more than a year of maximum earnings prior to age 60 ...
by neurosphere
Fri Sep 09, 2016 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 38
Views: 3789

Re: Social Security, Max SS Earnings, Bend Points, How Many More Years? [USA]

Here is the table from my previous post using constant annual earnings equal to the $118,500 maximum. It confirms that working after reaching the 2nd bend point does increase the PIA much more than when the constant annual earnings are only $70,000. Do these numbers change if any of the earnings oc...
by neurosphere
Fri Sep 02, 2016 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Use SEP IRA as first step in backdoor Roth contribution?
Replies: 5
Views: 445

Re: Use SEP IRA as first step in backdoor Roth contribution?

The friend should check his account statement to verify how VG flagged this contribution. If it shows as a SEP Contribution he might be able to get them to change it if the contribution was made recently. He's confirmed that the $5500 contributions shows up as "Roth or SEP IRA contributions&qu...
by neurosphere
Fri Sep 02, 2016 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Use SEP IRA as first step in backdoor Roth contribution?
Replies: 5
Views: 445

Re: Use SEP IRA as first step in backdoor Roth contribution?

The friend should check his account statement to verify how VG flagged this contribution. If it shows as a SEP Contribution he might be able to get them to change it if the contribution was made recently. He's confirmed that the $5500 contributions shows up as "Roth or SEP IRA contributions&qu...
by neurosphere
Thu Sep 01, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Use SEP IRA as first step in backdoor Roth contribution?
Replies: 5
Views: 445

Re: Use SEP IRA as first step in backdoor Roth contribution?

You can make either a SEP contribution or a TIRA contribution to a SEP IRA, but you must specify the type of contribution when you make it because the SEP custodian reports it as such on Form 5498. VG was correct, but should have clarified this. They would also have a pretty good clue this was to b...
by neurosphere
Thu Sep 01, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Use SEP IRA as first step in backdoor Roth contribution?
Replies: 5
Views: 445

Use SEP IRA as first step in backdoor Roth contribution?

I have been helping a friend understand and contribute to a backdoor Roth. Last year I successfully walked his wife through it, but he had a SEP IRA balance which negated the benefits of a backdoor Roth. So in 2016 he: 1) opened a solo 401k at Fidelity 2) rolled the Vanguard SEP IRA into the Fidelit...
by neurosphere
Fri Aug 26, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: "Are Index Funds Eating the World?"
Replies: 38
Views: 4056

Re: "Are Index Funds Eating the World?"

The one part of the article that did get me thinking was this: "Index funds don’t “vote with their feet” by selling when they disagree with companies’ managers. They are quasi-permanent investors. Because corporations know that, says Prof. Heemskerk, coziness and complacency may arise. “If you...
by neurosphere
Fri Aug 26, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: Best Use of Ultimate Rewards Points
Replies: 109
Views: 11790

Re: Best Use of Ultimate Rewards Points

Then if you're worried about it, and paying cash anyway, why bother to shop through Chase? You're not getting any discount unless you use points. Gosh, you are right. I feel stupid. My mind somehow went to a place where all purchases were "20% off" through Chase, which is of course ridicu...
by neurosphere
Fri Aug 26, 2016 12:19 pm
Forum: Personal Consumer Issues
Topic: Best Use of Ultimate Rewards Points
Replies: 109
Views: 11790

Re: Best Use of Ultimate Rewards Points

If you buy the ticket through the Chase portal, whether or not you use points, I believe you will earn miles. Why wouldn't you? I was thinking specifically of paying CASH (i.e. charging the ticket to the Chase credit card instead of paying with points). The reason I ask is that when my father purch...
by neurosphere
Fri Aug 26, 2016 8:27 am
Forum: Personal Consumer Issues
Topic: Best Use of Ultimate Rewards Points
Replies: 109
Views: 11790

Re: Best Use of Ultimate Rewards Points

sorry if this has been answered already, but to flights purchased through Chase ultimate rewards earn miles on the airline flown? Or does purchasing through Chase classify the ticket as one which is not eligible to earn miles with?
by neurosphere
Sat Aug 20, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "401(k) Loans: Mythbusters Edition"
Replies: 16
Views: 2248

Re: Christine Benz: "401(k) Loans: Mythbusters Edition"

We had a 401(k) loan taken out to avoid the high expense ratio funds of about 2% in the 401(k). That was a significant savings right there. The money was used to invest in a low-expense-ratio 529 plan, so the money was moved from a high-expense-ratio bond fund to a low-expense-ratio bond fund. And ...
by neurosphere
Fri Aug 19, 2016 7:09 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 69
Views: 4935

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

OP - Is it possible that they overlooked that your son was only 13 and gave you a dosage that is appropriate for an adult male? Something similar happened when my brother was very young, but whatever it was caused hallucinations so the he was only on the medication for less than a day since it was ...
by neurosphere
Thu Aug 18, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Distributing assets and trustee fee calculations
Replies: 7
Views: 409

Re: Distributing assets and trustee fee calculations

NMJack wrote:I can't be understanding this correctly. The OP seems to indicate that somebody is going to be paid a 46% fee to close out a $50,000 trust. What am I missing? :confused


I think the numbers were an extreme case, a reductio ad absurdum example, simply for illustration.

Or at least I hope so!
by neurosphere
Thu Aug 18, 2016 10:29 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 69
Views: 4935

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

At minimum, regardless of what you ultimately decide from a legal standpoint, I would send a letter to the hospital explaining what happened, and that you expect the hospital conduct some sort of review of procedures and plan to implement changes so that this does not happen again (if indeed it was ...
by neurosphere
Sat Aug 13, 2016 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Is a backdoor Roth IRA really worth it?
Replies: 6
Views: 591

Re: Is a backdoor Roth IRA really worth it?

Hi Greenmint, welcome to BH! I think it would be wise to clarify some terms here. First off, the "backdoor" roth method is only necessary for those with income above the threshold for making direct Roth contributions. For anyone below the income limits, and are otherwise eligible for makin...
by neurosphere
Thu Aug 11, 2016 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help me figure out my wife's student loan balance
Replies: 11
Views: 789

Re: Help me figure out my wife's student loan balance

Interest is capitalized on un-subsidized student loans while in deferment, and on student loans in general during any payback or non-deferral period.

And sorry, by "your" checking account, I simply meant whatever/whoever had the account making payments at the time.
by neurosphere
Thu Aug 11, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Help me figure out my wife's student loan balance
Replies: 11
Views: 789

Re: Help me figure out my wife's student loan balance

Why is the principal balance not $14,684.44? What is the current balance on the loans? You didn't say. Is if off by $100, a $1000, more? Give the current balance and interest rate and it will help us help you. NS $16,579.12 at 6.375% So the balance has been reduced by roughly $2500 despite payments...
by neurosphere
Thu Aug 11, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Help me figure out my wife's student loan balance
Replies: 11
Views: 789

Re: Help me figure out my wife's student loan balance

fpr4 wrote:Why is the principal balance not $14,684.44?


What is the current balance on the loans? You didn't say.

Is if off by $100, a $1000, more?

Give the current balance and interest rate and it will help us help you.

NS
by neurosphere
Tue Aug 09, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Timing of pro-rata calculation for IRAs
Replies: 5
Views: 208

Re: Timing of pro-rata calculation for IRAs

In order to facilitate the ol' non-deductible contribution / Roth conversion without subjecting the money to the pro-rata rule, I am planning on moving my existing tIRA assets into my company's 401k plan (which the plan allows). However, I've not been able to find information on when the pro-rata c...
by neurosphere
Tue Aug 09, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Are any Bogleheads financial advisors on the side?
Replies: 21
Views: 2739

Re: Are any Bogleheads financial advisors on the side?

Since this board adheres to an investing philosophy that seemingly flies in the face of what's pushed on most of the non-Boglehead population, I'd be curious to hear about any experience spreading the gospel to the broader public. As a professional who is quite happy with his day job, I'm working t...
by neurosphere
Mon Jul 18, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Term Life
Replies: 14
Views: 1061

Re: State Farm Term Life

Do not buy any life insurance other than the typical term life policy. Avoid "return of premium" policies or any other such things that cost more money because it is always a bad deal for you. Always keep insurance and investing separate. What mptfan said. Here is my rule on life insuranc...
by neurosphere
Tue Jul 12, 2016 8:49 pm
Forum: Personal Consumer Issues
Topic: Healthcare cost quotes (Not so simple)
Replies: 34
Views: 2292

Re: Healthcare cost quotes (Not so simple)

I have a question about care delivered by a hospital to people who can't pay, and who don't have insurance. I have read or have been told the following, and don't know if it is true. That if a hospital provides services to a person without insurance and without ability to pay, that person will get b...
by neurosphere
Sun Jul 10, 2016 7:17 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 44
Views: 5191

Re: Why do people invest in Long Term Bonds now?

I have noticed in the literature and also by some in this forum suggestions of investing in long term treasury bonds. I wonder why anyone would do that in this environment when there is a matter of time before rates go up. Can someone explain that? I moved from short and intermediate term bonds int...
by neurosphere
Wed Jul 06, 2016 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: HCE [Highly compensated employee]
Replies: 15
Views: 1915

Re: HCE [Highly compensated employee]

I currently work two jobs. I make around 75,000 at each job. While at $150,000 some might consider you highly compensated, you are not considered a "highly compensated employee" for the purposes of employer retirement plans. The HCE definitions apply only to the compensation received from...
by neurosphere
Wed Jul 06, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

Do you know for sure that you can name the beneficiary of this policy? You imply that your family would benefit but it is possible the insurance exists for your employer's benefit. Good point. But if the policy is for the employer's benefit, would any of it be taxable to me? I wouldn't think so. My...
by neurosphere
Wed Jul 06, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

Do you have to undergo medical underwriting? No point in asking the insurance rep whether you should take it, of course the answer is yes! Did you get a straight answer whether you can reduce the death benefit and start accumulating cash value? What happens if you give the policy to charity? What c...
by neurosphere
Wed Jul 06, 2016 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

I apologize for the OP for jumping in, but I need help too. I was reading this and suddenly become alerted. I have been insured by my employer(s) for so many years (term-life insurance) of over that amount of $50,000. My W2 never included any insurance fringe benefits. Was I filing my taxes wrong a...
by neurosphere
Wed Jul 06, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

One thing I realized just now is that perhaps the premiums paid by my employer do not result in a dollar per dollar taxable amount to me? I'm learning that is not likely the case. For term insurance, imputed income varies by age, and is a function of rates set by the IRS and not by the actual premiu...
by neurosphere
Wed Jul 06, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

Even if you don't need the insurance, wouldn't the insurance be worth at least 40% of the premium? Term4sale says I can get a $500,000 20-year term life policy for $500/year, or a to-age-70 policy for $900. I'm going to pay much more than that in taxes in this policy. Yes, I realize it's permanent ...
by neurosphere
Wed Jul 06, 2016 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

This sounds like a question that should be addressed to the HR manager. My suggestion would be to ask for the cash instead of the insurance. I already know from HR that cash instead of insurance is not an option. Eventually, yes, I will go directly to HR to ask whether I am required to sign up for ...
by neurosphere
Wed Jul 06, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Re: Turning down employer provided universal life insurance?

It's kind of surprising for an employer to offer universal life vs. term insurance. (At least to me). The imputed income associated with term life is pretty small. About the only way they can "make" you sign is if it is made a condition of continued employment. I would ask the rep flatly ...
by neurosphere
Wed Jul 06, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Turning down employer provided universal life insurance?
Replies: 19
Views: 1491

Turning down employer provided universal life insurance?

This is a long story, but I'll try to provide the critical elements. My employer pays the premiums on a universal life insurance policy, described in the quote as a "flexible premium, adjustable benefit life insurance policy". The employer (will) pay about $4500 a year in premiums for a de...
by neurosphere
Tue Jul 05, 2016 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social security loss if retiring early
Replies: 28
Views: 2621

Re: Social security loss if retiring early

I thought it did matter if somebody made a lot earlier in their career rather than later with the inflation adjustment . Am I missing something ? yes and no. It depends on how you define earnings. If you have $10,000 in earnings in your lifetime, it is better to have had those earnings in 1984 than...
by neurosphere
Tue Jul 05, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social security loss if retiring early
Replies: 28
Views: 2621

Re: Social security loss if retiring early

Thanks for all the information, I do understand that claiming benefits early means a significant reduction. Even if I am able to retire in my 50s, I do not plan to take benefits before 67. My question was more about total SS earnings and SS contributions and how much I would lose if working 25-27 y...
by neurosphere
Thu Jun 30, 2016 8:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: Abuss368 has 10,000 posts!!
Replies: 29
Views: 1921

Re: Abuss368 has 10,000 posts!!

Let's not get too excited. Due to mean reversion, he'll average 20 posts a year for the next 10 years.

Alternately, if Abuss's posts were like hamburgers, Buffett would say we should not be exited to pay this much for hamburgers. Too expensive. :wink:
by neurosphere
Wed Jun 29, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 5115

Re: I think Buffett got this wrong

My answer: the shares I bought after the 10% drop will, without question, have a GREATER return on my 75th birthday than the shares purchased just before the drop. And this is true no matter what the share price is on my 75th birthday. It this point in dispute at all? Or are we all just talking pas...
by neurosphere
Wed Jun 29, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 5115

Re: I think Buffett got this wrong

The difference between this straw-Buffett and me is that *my* estimate for the long-term price estimate, say, 50 years from now, does change when we have a bad day. Just as my estimate for where the 100-coin-flip experiment ultimately ends up depends on what happens during the experiment; if we see...

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