Search found 1911 matches

by neurosphere
Fri Aug 26, 2016 5:58 pm
Forum: Investing - Theory, News & General
Topic: "Are Index Funds Eating the World?"
Replies: 36
Views: 3389

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: 11093

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: 11093

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: 11093

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: 2171

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: 68
Views: 4456

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: 383

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: 68
Views: 4456

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: 560

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: 757

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: 757

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: 757

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: 200

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: 2689

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: 1035

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: 2252

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: 5007

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: 1888

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 16
Views: 1016

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: 2529

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: 2529

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: 1859

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: 4999

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: 4999

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...
by neurosphere
Wed Jun 29, 2016 4:24 pm
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 4999

Re: I think Buffett got this wrong

He seems to be imagining that there is a long-term end point to which the market is going (somehow...); therefore, any drop in the meantime allows us to buy stock at a lower price and therefore get a better return once we reach that long-term value. YES. He is INDEED proposing or assuming that ther...
by neurosphere
Wed Jun 29, 2016 12:29 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 5099

Re: What is the Bogleheads position on Long-term successful daytraders?

Elbowman wrote:This. You don't need to prove that there are no successful professional chess players to conclude that trying to make a living playing chess is a bad (financial) idea for nearly everyone.


How funny, I was actually going to use the chess analogy too.
by neurosphere
Wed Jun 29, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 88
Views: 5099

Re: What is the Bogleheads position on Long-term successful daytraders?

Why is it so difficult to admit that there are actually people who can make money consistently doing this, and that it is an actual skill (i.e. Michael Burry)? I don't think the roulette table example applies. Being an NBA all star is a skill as well. What percentage of people (who otherwise have t...
by neurosphere
Tue Jun 28, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 711

Re: HELP! last minute Q re: physician disability insurance

That makes sense. I guess I just don't understand why I would be restricted to 6.5k - 7k when I could have a disability that would only be covered by my individual policy (and my employer policy just would deny). What are my options if I really want to purchase more? Let's say I want to protect mor...
by neurosphere
Tue Jun 28, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 711

Re: HELP! last minute Q re: physician disability insurance

Thanks. That's correct, I will have coverage through my employer of 60% of salary, up to $20k. I guess what I'm wondering is for physicians in a similar situations, assuming you are healthy and there are no other reasons why max benefits would be lower, what is the max benefit that physicians are b...
by neurosphere
Tue Jun 28, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! last minute Q re: physician disability insurance
Replies: 12
Views: 711

Re: HELP! last minute Q re: physician disability insurance

If I'm reading your post correctly, it seems that your future employer already provides you with disability insurance, which is 60% of your salary. Therefore, as far as individual policies are concerned, the insurance company limits the amount of "additional" coverage you can purchase, suc...
by neurosphere
Tue Jun 28, 2016 9:12 am
Forum: Investing - Theory, News & General
Topic: VEA - Will the last decade be lost?
Replies: 14
Views: 2215

Re: VEA - Will the last decade be lost?

In Developed non-US markets they didn't really bounce back strongly from the 2008-9 crisis so people talk about the malaise, the lost decade, and "why invest outside of the US". The US did bounce back strongly from the 2008-9 crisis so people talk about things being overvalued and histori...
by neurosphere
Sun Jun 26, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: What did you learn from the post-Brexit bloodbath?
Replies: 145
Views: 11719

Re: What did you learn from the post-Brexit bloodbath?

I learned that some day 10 years in the future, nisiprius will post an image of a chart with the BLOODBATH CARNAGE ARMAGEDDON that was Friday's Brexit result, and I won't be able to really even see the decline on a logarithmic scale. :D
by neurosphere
Fri Jun 24, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1880

Re: Recommendation for international SIM cards?

Your phone will not be able to use data at LTE speeds but will get 3g. This site will give a breakdown of the frequencies/LTE bands used in Greece. https://www.frequencycheck.com/countries/greece Do your sim cards plans include data? That's a great site, thanks. It confirms that I will only get 3g....
by neurosphere
Fri Jun 24, 2016 2:04 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1880

Re: Recommendation for international SIM cards?

It seems GSM is used in Europe. SOOO...it seems if I want to use my phone in Greece I could either purchase a SIM card in Greece for it (giving it a new number, but then I could forward my google voice to it). But wait, if the phone is "locked", perhaps I can't just slip a new SIM into it...
by neurosphere
Fri Jun 24, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Recommendation for international SIM cards?
Replies: 30
Views: 1880

Re: Recommendation for international SIM cards?

Hi all, I ended up purchasing "europe" SIM cards which come with a great britain number, which is fine. I was able to then preload the phones with the appropriate contact numbers and now everyone has everyone elses' overseas information, with phones which will work upon landing and not req...
by neurosphere
Wed Jun 22, 2016 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 762

Re: Roll over expensive 401k and lose Backdoor Roth?

However, after taking another look at the funds today, I noticed a new option just added - the Vanguard Institutional Index Fund (VINIX) (ER: 0.04%) which tracks the S&P! Given this, I think I'll simply roll over the old 401k into the new 401k, put it all in VINIX, adjust my desired AA in my ot...
by neurosphere
Wed Jun 22, 2016 11:17 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Fee Assistance
Replies: 15
Views: 553

Re: 401(k) Fee Assistance

I don't understand your comment that the offerings in your 401k aren't as cheap as you'd like them to be. Some of them are very cheap! I wish even one of the funds available in my 401k had an ER as low as the low-cost funds in your 401k. You have surely noticed that you could lower your average ER ...
by neurosphere
Wed Jun 22, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Fee Assistance
Replies: 15
Views: 553

Re: 401(k) Fee Assistance

You have some great funds in your 401k. The rest of the country should be so lucky! :sharebeer And I agree, that there is no reason to pay more in fees in order to "purchase" some of the asset classes which are available to you for higher fees when compared to the rock-bottom Vanguard fees...
by neurosphere
Wed Jun 22, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Perhaps a silly question regarding TIPS and "Total Bond Market" index funds
Replies: 23
Views: 1844

Re: Perhaps a silly question regarding TIPS and "Total Bond Market" index funds

Does anyone feel there might be a rebalancing bonus when mixing nominal bonds funds and TIPS funds? My personal portfolio has a health dollop of TIPS, despite my relatively young age, because I started out way back following Bernstein's "Sheltered Sam" portfolio which recommended 50/50 TIP...
by neurosphere
Wed Jun 22, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 762

Re: Roll over expensive 401k and lose Backdoor Roth?

Phrased another way, the OPs question might be considered "what is a Roth IRA worth?" I.e., is it worth it to pay $3500/year in fees for the privilege of contributing $5500 (or $6500) into a Roth vs. investing that $5500 in a taxable account? This question is, of course, complicated by the...
by neurosphere
Wed Jun 15, 2016 8:58 pm
Forum: Investing - Theory, News & General
Topic: 60:40 is dead: Charles Sizemore
Replies: 51
Views: 6151

Re: 60:40 is dead: Charles Sizemore

Some points: 1) His target audience is accredited investors only... What exactly are accredited investors? Are they basically high net worth folks ($10M+) who somehow find it exciting to pay higher than average management fees while getting lower than average total return? $10M+? Hardly. https://en...
by neurosphere
Tue Jun 14, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8843

Re: Would you pay 6x face value to see Hamilton on Broadway?

I performed in a high-school play with one of the leads who won a Tony the other night. Played her father. Wish I could say I had one one-millionth of the voice she has. Anyway, would love to see this cast, and I can walk to the theater from my apartment. But just can't justify the cost. Not worth d...
by neurosphere
Tue Jun 14, 2016 1:09 pm
Forum: Investing - Theory, News & General
Topic: NYT: Hedge Funds Make Effort to Retain Investors
Replies: 8
Views: 1281

Re: NYT: Hedge Funds Make Effort to Retain Investors

Years ago a family member with a job at one of the giant financial services firm had a 401k plan where one of the options was basically a fund of hedge-funds. Unlike investing directly in a hedge fund (which requires a net worth of one million dollars or an income of $200,000 I believe, but don't qu...

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