Search found 3061 matches

by simplesimon
Wed Apr 18, 2018 5:09 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14564

Re: Ally online savings now at 1.45%

I guess they are going to lag for a while. Vanguard Muni Money Market SEC yield is 1.48%. It's an easy decision to go for tax free yield over the same taxable yield. Is this a free lunch compared to VMMXX even for those in the 22% federal tax bracket? 1.48%/0.78 = 1.89% vs VMMXX's current 1.78% yie...
by simplesimon
Tue Apr 17, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14564

Re: Ally online savings now at 1.45%

I guess they are going to lag for a while. Vanguard Muni Money Market SEC yield is 1.48%. It's an easy decision to go for tax free yield over the same taxable yield. Is this a free lunch compared to VMMXX even for those in the 22% federal tax bracket? 1.48%/0.78 = 1.89% vs VMMXX's current 1.78% yie...
by simplesimon
Tue Apr 17, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.45%
Replies: 100
Views: 14564

Re: Ally online savings now at 1.45%

I guess they are going to lag for a while. Vanguard Muni Money Market SEC yield is 1.48%. It's an easy decision to go for tax free yield over the same taxable yield. Is this a free lunch compared to VMMXX even for those in the 22% federal tax bracket? 1.48%/0.78 = 1.89% vs VMMXX's current 1.78% yie...
by simplesimon
Fri Apr 13, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Anyone in high bracket switching to muni. Money market?
Replies: 14
Views: 1224

Re: Anyone in high bracket switching to muni. Money market?

It seems like even if you're in the 24% bracket, the after-tax yield is higher than what Prime MM is paying. Is anybody else seeing that?
by simplesimon
Tue Apr 10, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: Introduction to Treasury Inflation Protected Securities (TIPS)
Replies: 53
Views: 4604

Re: Introduction to Treasury Inflation Protected Securities (TIPS)

Zvi Bodie who championed inflation-adjusted securities for many years has been pretty quiet the last few years. Was that just the proverbial 15 minutes of fame? He was my investments professor and I keep in touch with him occasionally. Last I corresponded with him he said he was engaged in research...
by simplesimon
Wed Apr 04, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: VHCOL Home Buying Advice (Bay Area, where else?)
Replies: 65
Views: 4847

Re: VHCOL Home Buying Advice (Bay Area, where else?)

A lot of this is subjective. Obviously the absolute max is going to require spending all your take-home pay less non-rent/mortgage fixed expenses on PITI. Just doing some back of the napkin math here...assuming 60% of $330k is take-home...$198k less other expenses of I dunno...$12k? Leaves you with ...
by simplesimon
Wed Apr 04, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: SPOT [Investing in Spotify]
Replies: 45
Views: 2517

Re: SPOT

TwstdSista wrote:
Wed Apr 04, 2018 6:52 am
Internet darling? Doesn't everyone use Pandora?
No.
by simplesimon
Thu Mar 29, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8893

Re: What is the endgame for Millennials?

What did the greatest generation say about the baby boomers in the 1970's and 1980's?
by simplesimon
Fri Mar 23, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Rising MMkt rate
Replies: 16
Views: 2355

Re: Rising MMkt rate

VG Prime MM 7 day yield 1.63%. Why would you want the hassle of a bank? FDIC insurance, I guess. As you probably know, VMMXX was recently paying the market rate of ~0% while Ally, Alliant CU, et al were paying 1%. No I didn't know and would not have cared if I did know. I have little reason to keep...
by simplesimon
Fri Mar 23, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: Rising MMkt rate
Replies: 16
Views: 2355

Re: Rising MMkt rate

Doc wrote:
Fri Mar 23, 2018 6:13 am
VG Prime MM 7 day yield 1.63%.

Why would you want the hassle of a bank?
FDIC insurance, I guess.

As you probably know, VMMXX was recently paying the market rate of ~0% while Ally, Alliant CU, et al were paying 1%.
by simplesimon
Wed Mar 07, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018
Replies: 105
Views: 11002

Re: HSA family max contribution lowered to $6850 for 2018

I just received an email from my work's HSA custodian about this change. I'm going to wait a week to see if HR sends an email update before prodding them.
by simplesimon
Sun Mar 04, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8953

Re: Do you rent even if you can afford to buy?

This last nor'easter made me glad I'm a renter...just a little bit.
by simplesimon
Wed Feb 28, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 72
Views: 5644

Re: Can we afford to stay in HCOL area?

I will check out the some San Jose areas. I pretty much wrote off the entire San Jose because of some pretty scary stories but maybe they're old stories. I'd be curious to hear what stories you heard. I grew up in San Jose in the 90's. Things have definitely changed whenever I go back to visit fami...
by simplesimon
Tue Feb 27, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 72
Views: 5644

Re: Can we afford to stay in HCOL area?

The Bay Area is huge...you'll have to be more specific. I know people who afford to stay on a fraction of what you make but they're not taking multiple international vacations with a family.
by simplesimon
Tue Feb 27, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 58
Views: 5613

Re: Value of an Elite MBA

I did a full-time 2-year program at a good school (not top school) and it was life changing. For you the financial ROI might not be there, but I believe it would change your life too. As you can see from the replies, nobody's regretted their decision. The problem is most MBAs don't go to other estab...
by simplesimon
Thu Feb 22, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8953

Re: Do you rent even if you can afford to buy?

Guess what... one's rent covers all these things too. You think the landlord just foots the bill for all these things? It's just that the renter doesn't see the individual checks go out for these things nor have to hire and schedule the jobs. It is easy being a renter, but you pay all the same thin...
by simplesimon
Thu Feb 22, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8953

Re: Do you rent even if you can afford to buy?

Currently renting because we can't buy a house the size of our apartment, a starter home would be too big for us now but too small for our ideal future, and it's likely our needs will change in the next couple of years.
by simplesimon
Wed Feb 21, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: CPA recommends to NOT contribute to SEP IRA
Replies: 15
Views: 1988

Re: CPA recommends to NOT contribute to SEP IRA

I find it odd that a one-man shop organizes as an LLC with himself as a W-2 employee. I may be missing something: what are the tax benefits here vs having it all count on his tax return as business income? He gets to avoid SE tax on the amount of S-Corp distributions and retirement plan contributio...
by simplesimon
Wed Feb 21, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: CPA recommends to NOT contribute to SEP IRA
Replies: 15
Views: 1988

Re: CPA recommends to NOT contribute to SEP IRA

Make sure you're distinguishing between employer vs. employee contributions. The business can contribute to the SEP IRA while, as an individual, he contributes to a Roth IRA. I find it odd that a one-man shop organizes as an LLC with himself as a W-2 employee. I may be missing something: what are th...
by simplesimon
Mon Feb 19, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve trip cancellation
Replies: 6
Views: 895

Re: Chase Sapphire Reserve trip cancellation

I made a claim for a hurricane in October that forced the cancellation of a trip to NoLA. They came back to me once and asked for additional documentation but paid out the claim in about 2 months without too much hassle. Did they say to expect to wait two months? Or did you sit around wondering if ...
by simplesimon
Sun Feb 18, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9817

Re: Do you wear a wedding band? [at a job interview]

After receiving a PM from the OP, I retitled the thread to clarify the intent. "Do you wear a wedding band during a job interview?" This thread is now unlocked to continue the discussion. Please stay focused on the work environment. Thanks. I edited the OP. The primary reason I asked was job interv...
by simplesimon
Sun Feb 18, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 9817

Re: Do you wear a wedding band? [at a job interview]

I'm a man and got married to a woman a little over a year ago and almost always have my ring on.

Alec Baldwin's character in "The Departed" has an interesting take on the importance of marriage in the workplace (warning: contains profanity) https://youtu.be/rAReS2JnJ18
by simplesimon
Sun Feb 18, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Reserve trip cancellation
Replies: 6
Views: 895

Chase Sapphire Reserve trip cancellation

Has anybody used this feature of the card? I saw online that I need to work with eclaimsline.com. How long did it take to get the claim through and receive the benefit? How much of a hassle was it? I suspect it is going to take a lot of work to get reimbursed.
by simplesimon
Sat Feb 17, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 91
Views: 8059

Re: Effect of spending money on appearance in career

I'm curious what your company does where the execs think additional women would make clients "more eager to stop by."

What did you wear to your interview?
by simplesimon
Thu Feb 08, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Time to terminate disability insurance policy, agree?
Replies: 2
Views: 431

Re: Time to terminate disability insurance policy, agree?

I'd keep it if the expense is a small one. If she became disabled your household expenses would likely increase because you now need someone to take care of the kids AND pay for her medical bills and rehab. If you're that concerned about the cost, you can talk to the insurer or agent and reduce the ...
by simplesimon
Sat Feb 03, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4191

Re: Amazon Stock - Can this giant be stopped?

1) See nisiprius's thread about GE stock.
2) Government will likely play some role.
by simplesimon
Sat Feb 03, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 6768

Re: Bonds - Am I missing something

Thank you all. As I age, I may be more inclined to “buy in” (literally?) to this whole bond thing. At the moment, I’m not too concerned with volatility (actually joked with my girlfriend about how much money I lost yesterday so maybe we should “stay in” as we were getting ready to go out). Instead,...
by simplesimon
Fri Feb 02, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 6768

Re: Bonds - Am I missing something

You're missing typical modern portfolio theory stuff like having uncorrelated assets that improve your risk/return ratio. Regarding risk, I have 20 years to ride out and only invest money I know I won’t need for a few years. That volatility is irrelevant to me - because of my long term outlook, and...
by simplesimon
Fri Feb 02, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Bonds - Am I missing something
Replies: 89
Views: 6768

Re: Bonds - Am I missing something

You're missing typical modern portfolio theory stuff like having uncorrelated assets that improve your risk/return ratio.
by simplesimon
Wed Jan 31, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Reads on insurance
Replies: 7
Views: 508

Re: Reads on insurance

Read White Coat Investor's blog posts on term life insurance and long term disability insurance. Both reads formed the foundation of my insurance knowledge.
by simplesimon
Wed Jan 31, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 12
Views: 1127

Re: Life insurance

I believe you have to buy a policy through an agent. Find an agent that can show you offers from multiple firms. Bru Dude is a poster here that is very knowledgeable about insurance. Other recommendations are InsuringIncome.com and Larry Keller, who are advertisers on White Coat Investor's site but ...
by simplesimon
Wed Jan 31, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 12
Views: 1127

Re: Life insurance

Is price your only determining factor? Price should be the only concern when buying term insurance thru a competent broker. Term is a commodity and very easy to sort and choose to buy from top rated companies. Term4sale, zander etc are easy to shop thru. Nate79: Price is one (1) factor. Contracts c...
by simplesimon
Mon Jan 29, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 10682

Re: Wall Street cuts off access to Vanguard

How can Fidelity explicitly require employers to pay the fee for Vanguard products, if it doesn't do the same for other products? Does this create legal questions? I don't think there's a law in place that stops them from doing so. Employers/companies are not the same as consumers when it comes to ...
by simplesimon
Sat Jan 27, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 11685

Re: Here's my net worth....I max everything out.....now what?

It is tempting to pay off the house and apartment....but I have heard it is always good to have cash. I've heard landlords should have ~12 months of operating expenses in cash...what does that translate to for you? By eliminating your debt you're going to boost your monthly cash flow, eliminate unn...
by simplesimon
Sat Jan 27, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 11685

Re: Here's my net worth....I max everything out.....now what?

I want the ability to retire in 20....not sure I will but the ability would be great...if I can do it sooner all the better. You live in a rural low-cost of living area, have household income of about $200k, $1.79m net worth of which over $1m is in cash or marketable securities. Do you mean you'd l...
by simplesimon
Thu Jan 25, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential
Replies: 31
Views: 3247

Re: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential

A quick google search will give you plenty of answers. What do you spend your days thinking about (other than quitting or looking at other IT listings)?
by simplesimon
Wed Jan 24, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 8925

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

I replaced the battery in my iPhone 5 and got another year out of it before deciding to upgrade to a 7. I can see how a X -> Xs model might be a marginal upgrade but going from a 5 to a 7 was a huge leap.
by simplesimon
Sun Jan 21, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3616

Re: A 4-5% rebalance to bonds barely budges risk/return

What's considered meaningful to you? Where do you draw the line?
by simplesimon
Sat Jan 20, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 193
Views: 28575

Re: How to Minimize Your Emergency Care Expenses

How did it get this way? What was it like 30 years ago? 30 years ago (also more recently), if you did not have employer-provided health insurance and had any notable pre-existing condition... there was NO health insurance for you. (Or perhaps there was some medically underwritten policy that would ...
by simplesimon
Sat Jan 20, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 193
Views: 28575

Re: How to Minimize Your Emergency Care Expenses

How did it get this way? What was it like 30 years ago? 30 years ago (also more recently), if you did not have employer-provided health insurance and had any notable pre-existing condition... there was NO health insurance for you. (Or perhaps there was some medically underwritten policy that would ...
by simplesimon
Sat Jan 20, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 193
Views: 28575

Re: How to Minimize Your Emergency Care Expenses

How did it get this way? What was it like 30 years ago?
by simplesimon
Sat Jan 20, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 190
Views: 34809

Re: What's your U.S. : International ratio?

Let's face it. The US economy will out perform international in the long run. If not.... we are all in trouble I disagree with the latter half of this statement and its reflected in my US/Intl allocation, which is weighted like the Total World stock index...about 53/47 at the moment. I've always he...
by simplesimon
Thu Jan 18, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: To the doctors on the forum
Replies: 88
Views: 5512

Re: To the doctors on the forum

I'm happy to have an HDHP because it really lets me see how messed up our healthcare system is and I hope more people get on an HDHP and see this too. While there isn't total transparency, it's a heck of a lot more transparent than being on a low deductible plan with $20 copays. I think I've learned...
by simplesimon
Sat Jan 13, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4964

Re: why do banks bother offering lousy CD rates?

Lots of people still value talking to someone in person at a branch.
by simplesimon
Fri Jan 12, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 40
Views: 6736

Re: Year 2000 retirees using the '8% rule' - Where are they now?

grayfox wrote:
Fri Jan 12, 2018 12:46 pm
:idea: What I am saying is that in 1999, there was almost no good information available on withdrawing income during retirement.
What percentage of workers over 55 in 1999 had pensions compared to workers over 55 today?

*Edited to correct typo.
by simplesimon
Sun Jan 07, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Save me from myself- Debt Payment vs. Investing
Replies: 3
Views: 374

Re: Save me from myself- Debt Payment vs. Investing

My guess is you'd probably not feel this way if the last couple years of stock market returns did not play out the way it did. If you're so debt averse, just pay off the debt and forget about it. At those high income levels compared to the low debt levels, it won't make that big of a difference in t...
by simplesimon
Sun Jan 07, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: Implications of top 1% owning 40% of the Stock Market?
Replies: 16
Views: 1339

Re: Implications of top 1% owning 40% of the Stock Market?

OP, as for your other concern about the demographics of this forum, I agree that it seems skewed towards high earners but don't feel out of place. There are plenty of members who make less than $100k household income.
by simplesimon
Sun Jan 07, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 43
Views: 3439

Re: Stand Alone Umbrella Insurance

I am paying $37 per month ($445 per year) for $1m policy. This board is really making me think I am vastly overpaying which I thought anyway. Everything is with Allstate and only two cars with nobody under 18 driving. Does location (S. Florida) make for such a discrepancy? I am not a AAA member but...