Search found 2640 matches

by simplesimon
Thu Sep 08, 2016 8:04 am
Forum: Personal Consumer Issues
Topic: Who is ready for iphone 7?
Replies: 149
Views: 11641

Re: Who is ready for iphone 7?

I'm a little bummed the iPhone SE didn't get a price decrease, but will probably still go for it because of the smaller form factor.
by simplesimon
Thu Sep 08, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4683

Re: Too much life insurance?

I must admit I don't understand the "worth more alive to them than dead" sentiment some have (jokingly?) expressed here. My father's death was sudden and traumatic. NO amount of money compensates for that for our family. What is good is that he left my mother in a good financial position....
by simplesimon
Wed Sep 07, 2016 2:07 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 164
Views: 10616

Re: How much is your cell phone bill?

AT&T
4 lines
20GB shared data
~$160/month

Excellent coverage and data speeds. Used to have Sprint and it was spotty in certain areas.
by simplesimon
Wed Sep 07, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4683

Re: Too much life insurance?

IMHO, any life insurance is too much. Chances are your heirs would have a better standard of living if you never bought ANY life insurance and instead invested the money you spend on premiums wisely. That is what I did...I'm 64 now, and I KNOW my heirs will come out way ahead . Life insurance is a ...
by simplesimon
Wed Sep 07, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4683

Re: Too much life insurance?

What's your income and how much longer do you plan on working? What's your net worth? Without this info it's hard to say whether $1MM or $2MM or any amount is too little or too much. My income is a little under six-figure. Our net worth is just a hair over 1 mil. I plan to work another 35 years. Co...
by simplesimon
Wed Sep 07, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Too much life insurance?
Replies: 99
Views: 4683

Re: Too much life insurance?

What's your income and how much longer do you plan on working? What's your net worth?

Without this info it's hard to say whether $1MM or $2MM or any amount is too little or too much.
by simplesimon
Tue Sep 06, 2016 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Viewing Treasurydirect.org account balance on Vanguard.com
Replies: 7
Views: 532

Re: Viewing Treasurydirect.org account balance on Vanguard.com

TreasuryDirect doesn't work with the aggregator sites like Mint and Yodlee yet. Not sure when it is expected to ever be compatible.
by simplesimon
Thu Sep 01, 2016 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is Being a Private Banking Client Worth it?
Replies: 88
Views: 15503

Re: Is Being a Private Banking Client Worth it?

I'm in commercial banking and admit I know nothing about private banking. If someone only had $1-2MM net worth how would they go about shopping for the best service at a smaller bank?
by simplesimon
Wed Aug 31, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 93
Views: 5837

Re: Resigning from a job: best practices and advice?

Two weeks. I have a friend who tried to give the company longer and they actually cut him that day. This is unlikely where I work because it's tech where leaving is common and generally peaceful. But for curiosity, would the friend be eligible for unemployment in this situation? If I recall correct...
by simplesimon
Wed Aug 31, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Resigning from a job: best practices and advice?
Replies: 93
Views: 5837

Re: Resigning from a job: best practices and advice?

Two weeks. I have a friend who tried to give the company longer and they actually cut him that day. Nobody will say "oh DoubleClick is a jerk for making us scramble his last two weeks". There will be at least one or two people on your team that wished they found something before you did or...
by simplesimon
Wed Aug 31, 2016 2:33 pm
Forum: Personal Consumer Issues
Topic: Who is ready for iphone 7?
Replies: 149
Views: 11641

Re: Who is ready for iphone 7?

Wife wants the SE and she have iPhone 5. She's long overdue so I told her to wait until 7 is released in hopes of getting a $100 discount. This is what I'm doing. I'm not totally sold on the larger screen of the 6. While a nice-to-have, I think it will be more inconvenient than not. I'd also have t...
by simplesimon
Fri Aug 26, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 30
Views: 2463

Re: Social Security - Spousal Benefits - Basics

Thanks HueyLD! That helps me understand. I thought I saw something about her being able to get the benefit once I was "eligible" for a benefit, not necessarily "receiving" a benefit. Maybe that's the obsolete "file and suspend" strategy that drawpoker mentioned? But th...
by simplesimon
Thu Aug 25, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance
Replies: 3
Views: 398

Re: Disability insurance

Yes it would be a good idea for the reasons you just outlined. There are some other things a good policy should include such as non-cancelable/guaranteed renewable, own occupation rider and residual/recovery benefit. There are some others but these are the top ones to have.
by simplesimon
Wed Aug 24, 2016 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 35
Views: 4546

Re: Has anyone bought a home with Redfin?

Interesting thread. As someone interested in buying in the next few years I'd be curious to see if and how Redfin changes the home-buying experience.

Is Redfin completely DIY? Or does it connect you with good realtors and you can work with them outside of Redfin as well?
by simplesimon
Tue Aug 23, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: The power of investing early VS. Dollar cost averaging
Replies: 29
Views: 2459

Re: The power of investing early VS. Dollar cost averaging

Sorry for missing information. My company matches dollar for dollar up to 6%. They deposit the matches every quarter. Is there any benefit of spreading our my contributions vs. making it all in the first quarter that would affect the amount my employer contributes/matches? This was the point that w...
by simplesimon
Tue Aug 23, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance advice
Replies: 7
Views: 588

Re: Term life insurance advice

What is your income? This will determine if $1 million is overinsuring or underinsuring yourself. Get a 30-year policy to get you to social security.
by simplesimon
Tue Aug 23, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: The power of investing early VS. Dollar cost averaging
Replies: 29
Views: 2459

Re: The power of investing early VS. Dollar cost averaging

(And with many employers, you don't want to max out the 401(k) early, because you'll lose the employer match once you hit the limit.) Can you expand on this? My company matches 6% per quarter but I didn't think it mattered when I hit the 18K max... Many employers match based on contributions, e.g. ...
by simplesimon
Mon Aug 22, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: How do you view debt?
Replies: 108
Views: 6557

Re: How do you view debt?

I agree with others that debt is a tool but I view most personal debt as bad since average people use it to finance consumption (bigger car, house, vacation, whatever). I hate that the mortgage markets have pushed property values sky high in my area. Just because a lot of people are willing to give ...
by simplesimon
Mon Aug 22, 2016 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 6658

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

Have you looked into P2P lending? Sounds like you have some appetite for risk. There were previous discussions about Lending Club's platform having uncompensated risk if the company were to shut down and people here who do use it seem to be winding down their positions as returns start to diminish, ...
by simplesimon
Mon Aug 22, 2016 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Why don't ultra high net worth athletes just use a 3-fund portfolio?
Replies: 30
Views: 2451

Re: Why don't ultra high net worth athletes just use a 3-fund portfolio?

Now Tim Duncan on the other hand...... This made me laugh. Duncan's probably all in muni's. I wonder what Kobe's expenses look like. He was making $20MM+ a year for a long time...$8MM/year might not be enough to support his standard of living especially in LA. Duncan at least got used to living in ...
by simplesimon
Mon Aug 22, 2016 7:59 am
Forum: Personal Consumer Issues
Topic: Favorite Asian Vacation?
Replies: 37
Views: 3615

Re: Favorite Asian Vacation?

Very nice list of places you've been to and I was surprised Taiwan wasn't on the list. I also recommend Taiwan for the reasons other have stated and since you mentioned you're active and adventurous. Visit a different night market every night!
by simplesimon
Mon Aug 22, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Why don't ultra high net worth athletes just use a 3-fund portfolio?
Replies: 30
Views: 2451

Re: Why don't ultra high net worth athletes just use a 3-fund portfolio?

Now Tim Duncan on the other hand...... This made me laugh. Duncan's probably all in muni's. I wonder what Kobe's expenses look like. He was making $20MM+ a year for a long time...$8MM/year might not be enough to support his standard of living especially in LA. Duncan at least got used to living in ...
by simplesimon
Sun Aug 21, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 6658

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

Nothing wrong with a short-term bond fund or a CD ladder like you suggest while you try to gather some more information. In five years you can reassess and you'll either have a pile of cash that's ready for your new house and baby or a pile of cash ready to invest.
by simplesimon
Sun Aug 21, 2016 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?
Replies: 85
Views: 6658

Re: Seemingly Too Good To Be True Investment Opportunity: Invest or Don't?

He shouldn't have asked you to invest in the first place. He should be just as averse to asking friends to invest as you are to investing with friends. I am a corporate banking underwriter and have worked with wholesale distributors and retailers. Asset-based revolving loans are very common to fund ...
by simplesimon
Fri Aug 19, 2016 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Just began my career and would love help investing!
Replies: 22
Views: 2181

Re: Just began my career and would love help investing!

Just doing some back of the envelope math here: $270k income less $36k 401k contributions times (1-50% taxes/FICA) is $117k after taxes and $106k after IRA contributions, which leaves you with almost $8.8k/month to spend, $11.3k after the in-laws contribution. Your estimate of 117k in taxes seems q...
by simplesimon
Fri Aug 19, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Just began my career and would love help investing!
Replies: 22
Views: 2181

Re: Just began my career and would love help investing!

Wow!! I can't believe you calculated all that for me, I really appreciate it...can't thank you enough. Looks like I'll be picking up another on call job sigh ... With the numbers spelled out like that you may want to think hard about your priorities. You clearly want to take care of your children's...
by simplesimon
Fri Aug 19, 2016 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Just began my career and would love help investing!
Replies: 22
Views: 2181

Re: Just began my career and would love help investing!

Private school...k-12, going to be drowning in debt! Trying to save as much as we can now to afford it. Private k-8 isn't too bad, around 15k/year for all, high school is ridiculous nowadays, 20k/year per kid!! Can't imagine how much it'll be when they go. We're saving now for a house now while liv...
by simplesimon
Tue Aug 16, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 8281

Re: Wealth Management (Career Change)

Wonder how customers would respond if a FA offered multiple pricing options that spelled out how much each option would cost them. The problem seems to be lack of transparency.
by simplesimon
Mon Aug 15, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 8281

Re: Wealth Management (Career Change)

Meg77 wrote:The problem is that many clients and advisors still resist that model and feel more comfortable with charging/paying for assets under management.


I can understand why FA's don't want to change to an hourly rates/retainer model, but why would a client resist this?
by simplesimon
Mon Aug 15, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 8281

Re: Private Wealth Management (Career Change)

For high net worth clients, the opportunity to eliminate investment/insurance/tax complications/behavioral issues for <$10k may seem appealing. I know several people that wouldn't bat an eye and fully realize the cost they are paying. Do these people know there are other advisors who do the same th...
by simplesimon
Mon Aug 15, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 8281

Re: Private Wealth Management (Career Change)

For high net worth clients, the opportunity to eliminate investment/insurance/tax complications/behavioral issues for <$10k may seem appealing. I know several people that wouldn't bat an eye and fully realize the cost they are paying. Do these people know there are other advisors who do the same th...
by simplesimon
Mon Aug 15, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Wealth Management (Career Change)
Replies: 105
Views: 8281

Re: Wealth Management (Career Change)

The justification for a 1% fee is a little disturbing coming from someone who claims to be a Boglehead to want to help people. Sure one may need to work for a company like ML or UBS to gain experience and get licenses paid for, but don't be fooled that the FA's there are doing anybody a service. For...
by simplesimon
Sat Aug 13, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Undergrad business UMass Amherst Isenberg or Bentley
Replies: 14
Views: 1098

Re: Undergrad business UMass Amherst Isenberg or Bentley

I am not native to the Northeast but work in Boston. If your son intends to stay in the Northeast, I don't believe there's really a difference when it comes to undergraduate recruiting. Bentley may have an edge in accounting, but not a $40k/year difference. As others have said the vibes are very dif...
by simplesimon
Fri Aug 12, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa 2% cash back
Replies: 31
Views: 3943

Re: Fidelity Rewards Visa 2% cash back

I use it for almost all my purchases. No problems. Rarely had to use customer service and when I did I had a positive experience.
by simplesimon
Wed Aug 10, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 31 year-old
Replies: 20
Views: 1591

Re: Life insurance for 31 year-old

I am in a similar situation and have gotten good feedback from here and other resources like articles on term4sale.com.

Check with your agent or policy if it will let you reduce the amount of coverage and premium later in life. This is effectively the same as laddering except you keep an option.
by simplesimon
Tue Aug 02, 2016 10:37 pm
Forum: Personal Consumer Issues
Topic: Costco rotisserie chicken
Replies: 92
Views: 10273

Re: Costco rotisserie chicken

For anybody interested in the finance side of things:

Why Costco May Never Raise Prices on $4.99 Chickens, $1.50 Hot Dogs
by simplesimon
Tue Aug 02, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance IN ADDITION to employer provided
Replies: 2
Views: 193

Re: Disability Insurance IN ADDITION to employer provided

Currently, my employer offers free group LTD and I can't opt out. As a result, my individual DI policy was underwritten so that my benefit is lower than what I would get without being covered with a group policy. So I still got a policy, just one with reduced benefits and with a rider that says I ca...
by simplesimon
Wed Jul 27, 2016 7:26 am
Forum: Personal Finance (Not Investing)
Topic: BigLaw compensation portrayed accurately by media?
Replies: 43
Views: 4785

Re: BigLaw compensation portrayed accurately by media?

As someone far removed from this business I find the discussion fascinating. Why is there such an emphasis on massive billed hours for associates to make partner? I thought the job of a partner revolved around gathering clients, keeping them happy, managing a team of lawyers on big cases and ensuri...
by simplesimon
Tue Jul 26, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: How to liability match home rent ?
Replies: 15
Views: 1177

Re: How to liability match home rent ?

Not without taking on extra risk. It's possible these investments don't correlate with the rent increases, like if the underlying property values crash. You would still need a place to stay and pay rent. Work hard. Negotiate pay raises. Network. Keep an eye out for opportunities to change to a highe...
by simplesimon
Tue Jul 26, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: BigLaw compensation portrayed accurately by media?
Replies: 43
Views: 4785

Re: BigLaw compensation portrayed accurately by media?

Bimodal distribution is right and if there was a chart showing number of positions available by income, the BigLaw numbers are completely dwarfed by everything else. One shouldn't choose a career path solely for the money, but law school is an exceptionally poor proposition from a financial perspect...
by simplesimon
Sun Jul 24, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Allstate Umbrella Insurance
Replies: 33
Views: 2674

Re: Allstate Umbrella Insurance

I currently have 3 policies with Allstate. Auto, home and flood. Ive been a customer for about a year have made all my payments on time and have never had any issues and on top of it my credit score is over 900. So I ask for a 1 million dollar Umbrella policy quote and they quote me $832 for the ye...
by simplesimon
Sat Jul 23, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Roth vs. Traditional when income varies
Replies: 18
Views: 624

Re: Roth vs. Traditional when income varies

Does your spouse have a 401k plan at work? This may affect how much you can deduct by contributing to a traditional IRA.
by simplesimon
Sat Jul 23, 2016 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Getting Disability Insurance without financial planning services
Replies: 22
Views: 1815

Re: Getting Disability Insurance without financial planning services

I know this has been covered before, but for others searching this thread, is there a better way to find a Guardian DI person than just using the Guardian website "Find a Representative" feature? I didn't end up getting a Guardian policy, but the agent I worked with would have sold me one...
by simplesimon
Sat Jul 23, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1111

Re: Term life insurance - "overinsured" definition

Did you know that you can reduce the face amount (and the premium) whenever you want on the single big policy? Given that, there is really no need to do the laddering for such a tiny difference in cost (which is partly because there is a (generally fixed) "policy fee" for each policy, so ...
by simplesimon
Sat Jul 23, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1111

Re: Term life insurance - "overinsured" definition

Thanks for the replies. Assume someone of average health wants to cover $50k of inflation adjusted income (3%) and expects to stop working in 30 years. I calculated what the income level would be at years 0, 10, and 20, and assumed the benefit could be invested to match inflation. 30 year term $900k...
by simplesimon
Fri Jul 22, 2016 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: USA vs. International Stock Index PERFORMANCE. Please reassure Me!
Replies: 25
Views: 2136

Re: USA vs. International Stock Index PERFORMANCE. Please reassure Me!

International doesn't look good if you look at the last 15 years either. Performance this century certainly doesn't suggest that buying the ex-US index makes sense. It has been a bad investment. It may or may not be good over the next 15 years, but I haven't seen any reason to believe that the pict...
by simplesimon
Fri Jul 22, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: USA vs. International Stock Index PERFORMANCE. Please reassure Me!
Replies: 25
Views: 2136

Re: USA vs. International Stock Index PERFORMANCE. Please reassure Me!

Again, it's all about the time period. Would you have said the same thing about the two asset classes in 2007?
by simplesimon
Fri Jul 22, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1111

Re: Term life insurance - "overinsured" definition

I realize now that in my original calculation wages did not keep up with inflation or that a lump sum portfolio would grow 3% more than inflation.

It does seem like a laddered life insurance policy may ensure that an individual isn't overinsured towards the end of the term.
by simplesimon
Fri Jul 22, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1111

Term life insurance - "overinsured" definition

Most of the advice I was able to find to determine term life insurance amount was either A) buying enough to cover current liabilities (mortgage, student loans) and future liabilities (children's college tuition, vacation home), or B) a multiple of income (10x income). Isn't overinsuring defined by ...

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