Search found 2721 matches

by simplesimon
Tue Dec 06, 2016 10:11 am
Forum: Personal Consumer Issues
Topic: MBA Folks - Question About the App Process
Replies: 4
Views: 313

Re: MBA Folks - Question About the App Process

Deposits are somewhere around $2k if I recall correctly. Nothing to sneeze at but a small price to pay to preserve your option.
by simplesimon
Tue Dec 06, 2016 9:19 am
Forum: Personal Consumer Issues
Topic: MBA Folks - Question About the App Process
Replies: 4
Views: 313

Re: MBA Folks - Question About the App Process

How much better is School B than School A?

Everything's negotiable, even scholarships. It wouldn't hurt to ask.
by simplesimon
Tue Dec 06, 2016 9:10 am
Forum: Investing - Help with Personal Investments
Topic: How much risk do we need to take? Retired at age 47.
Replies: 35
Views: 2556

Re: How much risk do we need to take? Retired at age 47.

If you don't mind me asking: how did you get $3.2 million into pre-tax space in ~20 years? Even two people maxing an employer sponsored 401K couldn't get there without extraordinary investment returns. My best guess is fully funding something like a Solo 401k/SEP IRA and business had been very good ...
by simplesimon
Tue Dec 06, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: A choice of two Health Plans....
Replies: 1
Views: 142

Re: A choice of two Health Plans....

I agree.

Remember, even if you're wrong you're only wrong for a year and you can re-evaluate during next year's open enrollment.
by simplesimon
Tue Dec 06, 2016 8:57 am
Forum: Investing - Help with Personal Investments
Topic: How much risk do we need to take? Retired at age 47.
Replies: 35
Views: 2556

Re: How much risk do we need to take? Retired at age 47.

What's driving the success rate of all these models you're using is the low withdrawal rate.

Put as much into stocks that will allow you to sleep at night.
by simplesimon
Tue Dec 06, 2016 8:52 am
Forum: Personal Finance (Not Investing)
Topic: What other Disability insurance companies to consider?
Replies: 4
Views: 185

Re: What other Disability insurance companies to consider?

Find an agent that will provide you quotes from multiple companies. A couple of other reputable companies I've seen mentioned on these boards are Principal and Standard.
by simplesimon
Mon Dec 05, 2016 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Private disability insurance quote integrate with group disability
Replies: 2
Views: 129

Re: Private disability insurance quote integrate with group disability

That's right because if you got a full Guardian policy you will be getting over 100% of your pay for the first five years (most disabilities last less than five years). Insurance companies don't want to make people worth more disabled than not disabled. Can you get a future income option rider that ...
by simplesimon
Mon Dec 05, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Lost: Could really use some advice on our next round of financial goals
Replies: 25
Views: 1965

Re: Lost: Could really use some advice on our next round of financial goals

Well, I did at least forget to mention ~$1800/month for child care expenses. I guess my questions stem from challenging the "max two 401k" theory. Considering company matches and profit sharing, I ran our retirement fund growth using very conservative figures several times in the past, an...
by simplesimon
Mon Dec 05, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lost: Could really use some advice on our next round of financial goals
Replies: 25
Views: 1965

Re: Lost: Could really use some advice on our next round of financial goals

The only debt is a $360k mortgage and on a $250k income you're not maxing out 401K or HSA? You must have expensive tastes indeed if you're willing to pay 34-39% in federal and state income taxes to fund your lifestyle.
by simplesimon
Mon Dec 05, 2016 8:48 am
Forum: Personal Consumer Issues
Topic: Merkur Safety Razor = money saved
Replies: 25
Views: 1491

Re: Merkur Safety Razor = money saved

Another one here who got sick of paying $4/cartridge and realized it really is a much better shave so the small cost savings is just a bonus. I bought a 100-pack of Derby blades at the same time. This was over five years ago.

What do y'all use to get the soap scum off and make the razor shiny again?
by simplesimon
Thu Dec 01, 2016 1:17 pm
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 81
Views: 6005

Re: Got a Job offer, can I see 401k options beforehand?

It was mostly just my mother and she ended up gossiping about it to God knows who. My mother is a business owner, but she does know how to deal with people, but doesn't not have corporate experience. Her advice was complete opposite from what you guys were telling me. I tried to limit it as much as...
by simplesimon
Wed Nov 30, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Company Sold
Replies: 6
Views: 797

Re: Company Sold

When I was in college, a friend's parents purchased a house for all of us to share. It was a great arrangement for us but not so good for the parents. We held a little housewarming party but the friend's brother came over and invited 100 people and the place got wrecked. It was brand new constructio...
by simplesimon
Wed Nov 30, 2016 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Company Sold
Replies: 6
Views: 797

Re: Company Sold

For passive investments in index funds, your stock/bond allocation will depend highly on your aversion to losses. If a recession hits and stocks lose 30% of their value, how would that make you feel? Would you feel a need to sell? On the dividend side - stocks have historically given off about 2% yi...
by simplesimon
Wed Nov 30, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Got a Job offer, can I see 401k options beforehand?
Replies: 81
Views: 6005

Re: Got a Job offer, can I see 401k options beforehand?

Nothing you can do right now but wait. Do something to keep your mind occupied.
by simplesimon
Wed Nov 30, 2016 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Company Sold
Replies: 6
Views: 797

Re: Company Sold

After taxes and paying off the mortgage, you'll have $780k in cash. Emergency cash - set aside 12 months worth of expenses. Spending some - what kind of stuff do you enjoy doing? Go do that. Pay for your son's college if that's what you want to do. Invest the rest for additional income - how much in...
by simplesimon
Mon Nov 28, 2016 2:30 pm
Forum: Personal Consumer Issues
Topic: Artificial Christmas tree
Replies: 27
Views: 1933

Re: Artificial Christmas tree

You're probably okay but caveat emptor. I've had pretty good experience with BB&B. Don't forget to use one of their 20% off single item coupons!
by simplesimon
Mon Nov 28, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: Artificial Christmas tree
Replies: 27
Views: 1933

Re: Artificial Christmas tree

Thanks. That sounds like about the size of tree we would hope for. Roughly, what would you estimate the box dimensions to be when the tree is stored? We're not members of Costco, nor am I aware of a nearby location, though we could conceivably have access to one in an upcoming family visit. Off the...
by simplesimon
Mon Nov 28, 2016 1:47 pm
Forum: Personal Consumer Issues
Topic: Artificial Christmas tree
Replies: 27
Views: 1933

Re: Artificial Christmas tree

We bought a 5' tree from Costco for less than $200 if I recall correctly. It comes with white lights but looks great and we haven't had any go out yet and this is our third Christmas with it. It comes in three sections and the branches can fold and be stored in a long rectangular box. ...I see Costc...
by simplesimon
Mon Nov 28, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Disputing fat hospital bill?
Replies: 33
Views: 3092

Re: Disputing fat hospital bill?

Since you say you don't have a lot of medical history most of what you're paying sounds like the deductible. Be sure you understand what your deductible is and what percentage you pay for co-insurance after the deductible is met. The hospital should not be billing you for the difference as your insu...
by simplesimon
Sun Nov 27, 2016 11:02 am
Forum: Personal Consumer Issues
Topic: Cake or pie?
Replies: 7
Views: 716

Re: Cake or pie?

Even though the word "cake" is in cheesecake, it seems more related to pies than cake. I'm not sure where the name came from anyways.

Would sugar-free pies work for you? I have a diabetic uncle that seems okay with eating those.
by simplesimon
Sun Nov 27, 2016 10:45 am
Forum: Personal Consumer Issues
Topic: Cake or pie?
Replies: 7
Views: 716

Cake or pie?

As I had leftover pecan pie with my coffee for breakfast this morning, I wondered what forum members thought about cake vs pie.

Is one healthier than the other? Cheaper? Can a person like both equally?

I'm talking about sweet pies, not savory (is there such a thing as meat cake?)

I am a pie person.
by simplesimon
Wed Nov 23, 2016 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: What to do on Jan 1?
Replies: 6
Views: 1747

Re: What to do on Jan 1?

I'm in a similar situation and plan to just hold onto the $5,500 in cash until I know what the income will be. I'm not worried about missing a run-up on $5,500 and I'm just as likely to miss a decline.
by simplesimon
Wed Nov 23, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Individual disability in addition to group disability
Replies: 8
Views: 570

Re: Individual disability in addition to group disability

Does past tax returns show the bonus included?

If you're trying to learn as much as you can, perhaps my favorite reference for LTD is the series posted by White Coat Investor.

http://whitecoatinvestor.com/personal-f ... rotection/
by simplesimon
Tue Nov 22, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Individual disability in addition to group disability
Replies: 8
Views: 570

Re: Individual disability in addition to group disability

Get the most you can - companies will tell you how much it will be, likely to top off your pay to get you to 66% coverage. Make sure you have a future benefit option rider so you can increase it if you switch to a job that either doesn't provide coverage or has optional coverage that you may wish to...
by simplesimon
Tue Nov 22, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance without exam
Replies: 24
Views: 2180

Re: Term insurance without exam

I'm very interested in hearing more about this product.

How do premiums compare?

How young and healthy does a client have to be and how does one prove that without a medical exam?
by simplesimon
Tue Nov 22, 2016 9:47 am
Forum: Personal Consumer Issues
Topic: Any Black Friday iPhone Deals?
Replies: 13
Views: 1951

Re: Any Black Friday iPhone Deals?

https://www.techwalls.com/iphone-7-plus ... fferences/

First half of the page is for the 7 and second half is for the 7+.
by simplesimon
Tue Nov 22, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Turned 31, age in... equities
Replies: 11
Views: 1052

Re: Turned 31, age in... equities

50%-66% of your net worth is tied up in a small business, which is plenty risky. If you really feel the need to increase your equity allocation, investing new income into equities seems like the most comfortable strategy for you.
by simplesimon
Mon Nov 21, 2016 10:08 am
Forum: Personal Consumer Issues
Topic: Any Black Friday iPhone Deals?
Replies: 13
Views: 1951

Re: Any Black Friday iPhone Deals?

If you decide to buy iPhone 7 or iPhone 7 plus, then my recommendation is to * only * buy models A1660 or A1661 and avoid buying models A1778 and A1784. The model number is printed on the back of the phone and you can ask the retailer to give you a specific model number. This year Apple has include...
by simplesimon
Fri Nov 18, 2016 5:31 pm
Forum: Investing - Theory, News & General
Topic: Inflation Protection: TIPS or Gold?
Replies: 35
Views: 3008

Re: Inflation Protection: TIPS or Gold?

How much money are you looking to invest? I-bonds will be your best bet but you can only buy $10k/year. If you have a spouse bump that to $20k/year for the two of you. do I bonds and TIPs not use the same inflation rate when factoring in their payment/payouts? Yes, but i-bonds won't decline in prin...
by simplesimon
Fri Nov 18, 2016 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Insurance policy fund choices/policy rep. comments
Replies: 3
Views: 217

Re: Insurance policy fund choices/policy rep. comments

I'd try to get out of this policy/investment vehicle.
by simplesimon
Fri Nov 18, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Can my spouse invest in SEP IRA?
Replies: 2
Views: 198

Re: Can my spouse invest in SEP IRA?

"They deduct SS and medicare and will give her a W2." This means she is considered an employee of that moonlighting job. So she cannot open anything on her own except for a roth ira (trad ira would not be deductible with those incomes). You may be ineligible to even contribute to a Roth I...
by simplesimon
Thu Nov 17, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: I market timed & learned. Any Advice?
Replies: 52
Views: 5277

Re: I market timed & learned. Any Advice?

Buy it all back once you can and call the missed earnings tuition paid to the School of Hard Knocks. The lesson is that market timing requires you to be right twice and just as nobody here's going to tell you when to sell, nobody is going to tell you when to buy (except me telling you to buy it all ...
by simplesimon
Thu Nov 17, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: Inflation Protection: TIPS or Gold?
Replies: 35
Views: 3008

Re: Inflation Protection: TIPS or Gold?

How much money are you looking to invest? I-bonds will be your best bet but you can only buy $10k/year. If you have a spouse bump that to $20k/year for the two of you.
by simplesimon
Thu Nov 17, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Help me do the HSA comparison math!
Replies: 7
Views: 729

Re: Help me do the HSA comparison math!

sfchris, your math is mostly correct except don't forget there's a "tax benefit" to the higher premium. So it should be [$1718*(1-0.344)] - [$450*(1-0.344)] -$350 = $482 vs $410 Difference in premium between the two plans is pretty low - only $450. Do you maximize your HSA? You get to real...
by simplesimon
Thu Nov 17, 2016 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Is life insurance and disability insurance a scam?
Replies: 16
Views: 1853

Re: Is life insurance and disability insurance a scam?

Well this is an intriguing thought to me. Disability insurance. I have this through my employer. I was injured falling from a telephone pole 9 years ago. They will not let me return to work because they will not comply with my doctors restrictions. They continue to pay me half pay to stay home unti...
by simplesimon
Wed Nov 16, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 plans and any changes in AA approach?
Replies: 3
Views: 443

Re: 2018 plans and any changes in AA approach?

With the recent declines, it just means I'll be buying more shares with my dollars. Lots of people have said "US based companies have plenty of foreign revenues" and vice versa. Maybe this will decline going forward and makes a case for less correlation with US markets and international st...
by simplesimon
Wed Nov 16, 2016 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is life insurance and disability insurance a scam?
Replies: 16
Views: 1853

Re: Is life insurance and disability insurance a scam?

What's his company's name? Only buy term life insurance and only if you have dependents. Disability insurance is valuable to have. As a 20-year old it may be difficult to appreciate what can happen to you through no fault of your own over the next 40 years. It does not take a serious injury to becom...
by simplesimon
Wed Nov 16, 2016 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another!! HDHP vs PPO qustion.
Replies: 25
Views: 1934

Re: Yet another!! HDHP vs PPO qustion.

Meds are a big question mark. Right now none of us are on any regular meds except for my hay fever and I just use over the counter Flonase. But if we had to go on some expensive meds I agree it could get expensive fast on HDHP.... but then again the PPO has a seperate cap for meds so the copay's mi...
by simplesimon
Wed Nov 16, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Looking for HSA Advice
Replies: 17
Views: 1719

Re: Looking for HSA Advice

The fees to maintain and invest the HSA is likely killing most of the return you're getting on it. Contribute the maximum amount and then use it all to pay for your medical procedures.

What's the interest rate on the rest of the student debt?
by simplesimon
Wed Nov 16, 2016 9:44 am
Forum: Investing - Theory, News & General
Topic: Why are bonds dropping? They are supposed to be safe.
Replies: 171
Views: 19255

Re: Why are bonds dropping? They are supposed to be safe.

You are mistaken. Bond prices fluctuate for any variety of reasons. After inflation, CDs, savings accounts, and money market funds also fluctuate in value, as does currency under the mattress. A truly stable valued asset does not exist. Sure it does. As Bogle taught you can have stable income (bond...
by simplesimon
Wed Nov 16, 2016 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Another HDHP vs. LDHP Thread
Replies: 7
Views: 841

Re: Another HDHP vs. LDHP Thread

I don't see how someone requiring expensive prescription drugs would realize a significant benefit from being in Platinum compared to Bronze because you're capped at the OOP Max. Add the $8,352 difference in premiums to the tax benefit of maxing HSA contributions and it's basically a wash. I would e...
by simplesimon
Tue Nov 15, 2016 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Missed HSA election window at company, can I still contribute on my own?
Replies: 8
Views: 616

Re: Missed HSA election window at company, can I still contribute on my own?

I believe you can deduct HSA contributions when it comes time to file but you will not get the FICA tax benefit.
by simplesimon
Tue Nov 15, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed spouse - what to do?
Replies: 66
Views: 7672

Re: Unemployed spouse - what to do?

Does he know how stressed you feel? Does he know what kind of home you want to live in and how difficult it will be to achieve that goal without his help?

Edit: Above questions are to try to get him motivated. There are a number of things he could try to do but without motivation it doesn't matter.
by simplesimon
Tue Nov 15, 2016 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 5906

Re: Early retire considering Self-Insurance for healthcare

How did you get to $7MM net worth without an appreciation for how insurance works? Is this the only insurance you've ever paid for other than perhaps auto insurance?

Edit: I take it back since upon reading the your post again it seems like you're okay with losing a few million.
by simplesimon
Sun Nov 13, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Help with $320,000 windfall
Replies: 23
Views: 2809

Re: Help with $320,000 windfall

Sounds good and congrats.
by simplesimon
Wed Nov 09, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Bonds are getting crushed...
Replies: 42
Views: 8835

Re: Bonds are getting crushed...

well, with a trade like that you're getting into market timing. I am talking about a reduction in my allocation to fixed income. The long bull run in the bond market may be coming to an end with a possible massive Keynesian spending spree the U.S. might consider - with that comes exploding deficits...
by simplesimon
Wed Nov 09, 2016 2:06 pm
Forum: Investing - Theory, News & General
Topic: Bonds are getting crushed...
Replies: 42
Views: 8835

Re: Bonds are getting crushed...

With US equity up 1% today, I'm selling equities and buying bonds and REIT.
by simplesimon
Tue Nov 08, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with HSA/FSA elections
Replies: 4
Views: 400

Re: Need help with HSA/FSA elections

How much would the premiums be to have your wife covering only herself and your HDHP covering kids and yourself?

You'd be able to sock away an additional $800 ($6,750 + $2,600 vs $3,400 + $2,600x2), saving you an extra $200 in taxes assuming you're in the 25% federal income tax bracket.
by simplesimon
Tue Nov 08, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Need help with HSA/FSA elections
Replies: 4
Views: 400

Re: Need help with HSA/FSA elections

What's the goal here? It's likely you'll be better off financially with a different arrangement, but impossible to say without more numbers.

Do you expect to spend $2,550 on vision/dental with your limited-FSA?
by simplesimon
Tue Nov 08, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Completely new to HDHP plans -- worth it with 1 - 2 kids?
Replies: 33
Views: 2214

Re: Completely new to HDHP plans -- worth it with 1 - 2 kids?

Concerning the HSA, is it still worth maxing out if our effective tax rate is 10 - 15%? Marginal is 25%. Effective rate has nothing to do with it. If your marginal rate is 25%, you'll save ($6,750 IRS max - $1,000 employer contribution)*25% or $1,437.50 on your tax bill by maxing out your HSA. Prem...

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