Search found 2533 matches

by simplesimon
Sat May 28, 2016 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: $1,000 per month personal check. Tax question.
Replies: 24
Views: 2150

Re: $1,000 per month personal check. Tax question.

If you got a refund of about $4-6k last year you might not have to pay "additional" taxes - but yes this is a tax liability vs withholding issue.
by simplesimon
Mon May 23, 2016 7:14 pm
Forum: Personal Consumer Issues
Topic: Boston Conference Hotel Suggestions
Replies: 12
Views: 555

Re: Boston Conference Hotel Suggestions

I've never done AirBnB myself, but I've heard from others that they've had good experiences. How important is it for you to have things to do within walking distance of a hotel? If not a priority, there are Marriotts outside the city but if you don't have a car, you'll have to factor in taxi/Uber co...
by simplesimon
Mon May 23, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: Boston Conference Hotel Suggestions
Replies: 12
Views: 555

Re: Boston Conference Hotel Suggestions

What kind of amenities are you looking for? Have you tried AirBnb?
by simplesimon
Sat May 21, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Amazon has no head to head competitors?
Replies: 71
Views: 4206

Re: Amazon has no head to head competitors?

From a competitive standpoint, Amazon has achieved an economy of scale that make it very difficult for competitors to gain market share without eating operating losses for an extended period of time until they can build up a similar operating model. Amazon sells so many things that aren't carried by...
by simplesimon
Fri May 20, 2016 7:01 pm
Forum: Personal Consumer Issues
Topic: Food waste because of date labeling
Replies: 26
Views: 1574

Re: Food waste because of date labeling

I've been using the Still Tasty website for years as reference.

Also have been doing what the end of the article suggests: looking through the pantry and pulling older things to the front and thinking of ways to use them.
by simplesimon
Fri May 20, 2016 2:20 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11783

Re: Is there a such thing as a blue collar Boglehead?

My parents moved to the U.S. in their 20's and don't speak English. My father worked two full time jobs since 1989, when my younger brother was born, so we only got to see him on weekends. Each of his jobs paid about $40k-$45k/year in today's dollars. One job was hardware QA at a semiconductor manuf...
by simplesimon
Wed May 18, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why the Low Quantitative Score on the GMAT?
Replies: 26
Views: 1639

Re: Why the Low Quantitative Score on the GMAT?

You need to study how the questions are asked. Study to the test if you want to do well. It's not an ideal system but it's the only one available. I got 90th percentile in both math and verbal From what I recall from the GMAT statistics back when I took the exam in 2009, a perfect score in the math ...
by simplesimon
Wed May 18, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: $750 repair or buy new [MacBook Pro]
Replies: 42
Views: 3326

Re: $750 repair or buy new

Am I reading this correctly that the net cost to you to get a new laptop is $600? $1,600 less the $1,000 you'd get from selling it on Craigslist. no, 1000 for a working model. his needs additional 750 repair cost to make it working so that will be 1350 total vs 1600 so it is a tough call. personall...
by simplesimon
Wed May 18, 2016 9:11 am
Forum: Personal Consumer Issues
Topic: $750 repair or buy new [MacBook Pro]
Replies: 42
Views: 3326

Re: $750 repair or buy new

Am I reading this correctly that the net cost to you to get a new laptop is $600? $1,600 less the $1,000 you'd get from selling it on Craigslist.
by simplesimon
Wed May 11, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: When is cash better than plastic?
Replies: 74
Views: 6608

Re: When is cash better than plastic?

Bribe money. Drug money. Trips to Las Vegas. Trips to tiny towns with little infrastructure.
by simplesimon
Fri May 06, 2016 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: 25 y/o with ~ $175,000 inheritance
Replies: 9
Views: 874

Re: 25 y/o with ~ $175,000 inheritance

I had to do a double take with the duplicate $175,000 title threads but see now that the other thread is your brother. How far are you from finishing your degree? Getting that piece of paper and working hard to get a better job after graduation should be your top priority. Financially, I believe you...
by simplesimon
Fri May 06, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 37
Views: 6051

Re: 26 y/o with ~$175,000 inheritence

What's your job situation like? Do you live and work in Boston and would be buying in one of the surrounding suburbs? If so, do you really want to leave the city while you're 26? How certain are you to want to own? My feeling is you're not 100% convinced since you offer option 3). Don't buy just bec...
by simplesimon
Sun May 01, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 495
Views: 54967

Re: High Earners - What's Your Profession?

Commercial banker.
by simplesimon
Sun May 01, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help With Disability Insurance for my Wife and I
Replies: 2
Views: 355

Re: Help With Disability Insurance for my Wife and I

I have Principal and "Regular Occupation" is the same as true own occupation that you would get with a policy from Guardian that you read on these boards. Your annual cost is 2.75% of your benefit - that's a good reasonable price. I've read that pricing ranges between 2-5% for a good policy.
by simplesimon
Tue Apr 26, 2016 4:05 pm
Forum: Personal Consumer Issues
Topic: Kellogg vs. Darden
Replies: 17
Views: 1542

Re: Kellogg vs. Darden

I disagree with comments about $60k being a non-factor. Sure it's less meaningful for the top students that get the consulting jobs but the average student doesn't get those lucrative gigs. I know several MBA's from top programs who were average and had a tough time getting those kinds of jobs. They...
by simplesimon
Tue Apr 19, 2016 6:28 pm
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 7615

Re: Law School Advice

Anecdotal, but I know two people that graduated from UCLA law in 2011 and neither are practicing law. She should avoid debt to keep her options open. The question is -- what are they doing. If it is investment banking, consulting, or something business related they may be doing quite a bit better t...
by simplesimon
Tue Apr 19, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 7615

Re: Law School Advice

Anecdotal, but I know two people that graduated from UCLA law in 2011 and neither are practicing law. She should avoid debt to keep her options open.
by simplesimon
Sat Apr 16, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance: do I really need it?
Replies: 53
Views: 4202

Re: disability insurance: do I really need it?

1. MOO is not non-cancelable I'm also considering a MOO disability policy with a monthly premium of about $165 and monthly benefits of about $6500. If a MOO policy is not non-cancelable, that means they can cancel it at will? Maybe if I get sick and keep working they could cancel it in case I becom...
by simplesimon
Sat Apr 16, 2016 6:32 am
Forum: Personal Finance (Not Investing)
Topic: disability insurance: why is locating an independent agent so difficult?
Replies: 5
Views: 642

Re: disability insurance: why is locating an independent agent so difficult?

Policy Genius was the closest thing to terms4sale that I could find online when I did research. http://www.policygenius.com

I ended up using an agent recommended by EmergDoc on his blog who lives in NY while I live in MA.
by simplesimon
Fri Apr 15, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 10250

Re: University of Virginia vs University of Miami

Check out the FAQ here http://www.virginia.edu/provost/vastatus/faq.html and see if you can somehow finagle a way for your son to be an in-state resident after a year or two. The cost difference will then wash out. UVA is a much better school than Miami. Nobody would have known anything about The U ...
by simplesimon
Thu Apr 14, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: disability insurance: do I really need it?
Replies: 53
Views: 4202

Re: disability insurance: do I really need it?

I'd get it.

Would you rather have a $90k job with no income protection for something that is completely out of your control or an $88k job where you'd get paid for being unable to work because of a disability?
by simplesimon
Sat Apr 09, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: How to get my 29 year old sister into saving....("I don't have any money to save")
Replies: 58
Views: 5373

Re: How to get my 29 year old sister into saving....("I don't have any money to save")

My younger brother is 26 and doesn't make a lot of money. I check in every so often and remind him to save 10% of his pay, no matter how little it is. I concluded years ago that this is the most I can really do without adding more stress to my own life. I partly disagree with others about it not bei...
by simplesimon
Sat Apr 09, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: I'm willing to pay them whatever they want!
Replies: 66
Views: 7781

Re: I'm willing to pay them whatever they want!

Paying extra for made-to-measure formal business clothes. Outside of work I look like a bum.

Good restaurants.
by simplesimon
Wed Mar 30, 2016 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Job in Mountain View, CA
Replies: 21
Views: 2402

Re: Job in Mountain View, CA

You may need to be more specific. There are people everywhere. What can you afford to pay?

What other priorities do you have? School districts? Something closer to a downtown type of area or further away?
by simplesimon
Tue Mar 29, 2016 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Wealthfront Tax loss harvesting
Replies: 15
Views: 1274

Re: Wealthfront Tax loss harvesting

Wealthfront claims that their daily TLH is more efficient than yearly harvesting. The max you can deduct in taxes is $3000. If I'm already hitting the $3000 ceiling on TLH doing it at the end of the year, is there an additional benefit that daily TLH can give me that would justify a 0.25% fee? Yes....
by simplesimon
Fri Mar 25, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 69
Views: 17082

Re: Liking the new Citi CC at Costco

I agree that the rewards don't seem exceptional because the big points are on purchases that make up a small proportion of my spending. If I had to choose one card, a 2% flat cash back card would give me more cash back than the Costco card would. Does anybody really use a single card for everything ...
by simplesimon
Fri Mar 25, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Is Term Life Insurance actually a good idea?
Replies: 26
Views: 1960

Re: Is Term Life Insurance actually a good idea?

Long-term disability is also important if you have dependents. Unfortunately it is much more expensive than term life. But you can pay into these insurance policies (term life, disability, etc) for years / decades, which means your boglehead portfolio ends up smaller. Then the great recession hits,...
by simplesimon
Wed Mar 23, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Misleading article about investing club on CNN Money
Replies: 18
Views: 2102

Re: Misleading article about investing club on CNN Money

The quality of CNN Money's writing has gone down considerably over the years. The article does state: Some CNNMoney readers point out that if the club had reinvested all of its dividends over the years, it could have amassed nearly $4 million. But the club is educational and often uses the money fro...
by simplesimon
Wed Mar 23, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10797

Re: Financially, how have you done/doing vs. your parents?

My parents are immigrants and moved to the U.S. when they were in their early 20's in 1980. My father is the hardest working person I know having worked two full-time blue collar jobs for most of my life and is hopefully retiring at the end of this year. My mother went from office assistant to SAHM ...
by simplesimon
Wed Mar 16, 2016 3:28 pm
Forum: Personal Consumer Issues
Topic: Bread - The Cost and Convenience
Replies: 94
Views: 9275

Re: Bread - The Cost and Convenience

Bread dough was hard to shape and work with (really sticky and gooey) but it turned out surprisingly good. It is a bit flat, like a chibata, but it has a decent crust and decent hole/crumb look and chew. It is really good for not knowing what I was doing. I will definitely make it again. Give it a ...
by simplesimon
Tue Mar 15, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Term life insurance at age 65 as investment?
Replies: 33
Views: 1806

Re: Term life insurance at age 65 as investment?

Okay, it's a dumb idea. Now I need to convince my wife of that.... Tell her you should buy the policy on her instead so you can have $100K if she dies, and see how she likes it. Well, since both her mother and father are still living at 89 and 87 respectively (with no real health issues except elde...
by simplesimon
Sat Mar 12, 2016 10:29 pm
Forum: Investing - Theory, News & General
Topic: Are we in a bubble?
Replies: 38
Views: 5235

Re: Are we in a bubble?

When a Chinese firm offers to buy a hotel group for 7% more than what the seller paid for it three months ago....I would say so.

http://www.latimes.com/business/la-fi-b ... story.html
by simplesimon
Sat Mar 12, 2016 7:27 pm
Forum: Personal Consumer Issues
Topic: Bread - The Cost and Convenience
Replies: 94
Views: 9275

Re: Bread - The Cost and Convenience

I'm currently trying the NYT recipe for the first time because of this thread.
by simplesimon
Mon Mar 07, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: 3% down vs 20% down math
Replies: 9
Views: 1224

Re: 3% down vs 20% down math

Thanks, a good way to put it. I guess I was completely overlooking the basic time value of money concept.
by simplesimon
Mon Mar 07, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 3% down vs 20% down math
Replies: 9
Views: 1224

Re: 3% down vs 20% down math

I see how you calculated 6.68%...

But the way I see harikaried calculate it was taking the difference between total payments over the life of the two loans.

What's the difference between the two methods? Mortgage style interest vs. simple compound interest? What's the right way to think about it?
by simplesimon
Mon Mar 07, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs public school in bay area
Replies: 12
Views: 1843

Re: Private vs public school in bay area

Raise your kid like an Asian family would.
by simplesimon
Mon Mar 07, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: 3% down vs 20% down math
Replies: 9
Views: 1224

Re: 3% down vs 20% down math

Oh of course...brain fart like I said. Thanks!
by simplesimon
Mon Mar 07, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: 3% down vs 20% down math
Replies: 9
Views: 1224

Re: 3% down vs 20% down math

My numbers match the first half of the amortization table. I don't know what the second half is (the one showing $787 for payments).
by simplesimon
Mon Mar 07, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: 3% down vs 20% down math
Replies: 9
Views: 1224

3% down vs 20% down math

I think I'm having a brain fart. A friend of mine is considering getting a 3% down and no PMI mortgage and I'm trying to run the math on why interest would eat up the savings. I don't know how much various fees are but let's just assume this: Home value: $400,000 3% down payment: $12,000, 30-year lo...
by simplesimon
Sun Mar 06, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: The difference between interest/ dividends and market fluctuation ?
Replies: 4
Views: 446

Re: The difference between interest/ dividends and market fluctuation ?

Market fluctuation is how your investments moved based on price alone. Dividends are payments a company makes to its stockholders and would correspond to an equal drop in stock price. If a $100 stock paid a $2 dividend, it would be worth $98 right after the dividend assuming nothing else changes. Di...
by simplesimon
Sat Mar 05, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance comparison
Replies: 2
Views: 260

Re: Disability insurance comparison

Assuming the optional riders (if any) are comparable, for an extra $200 the Guardian policy is a no-brainer. Principal isn't going to remove the rating and extend the benefit period on the existing policy, they are going to require a brand new application to start over from scratch, and the new rat...
by simplesimon
Sat Mar 05, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Disability insurance comparison
Replies: 2
Views: 260

Disability insurance comparison

I'm seeking feedback for two policies I'm helping someone shop for. They seem very similar except for a couple things... Both insurance policies, one from Principal and one from Berkshire, have: Benefit Period: 5 years Elimination Period: 90 days Monthly benefit: $5,000 50% rating Principal offers a...
by simplesimon
Fri Mar 04, 2016 6:34 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Frying Pans
Replies: 71
Views: 7065

Re: Cast Iron Frying Pans

My wife got me a quite large double-sided rectangular Lodge pan that I haven't really used much (because it's so big), but I really want to get a skillet. I just need to figure out what size I need. My intention is to use it to (among other things) sear my steaks after I've cooked them sous vide. C...
by simplesimon
Fri Mar 04, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Frying Pans
Replies: 71
Views: 7065

Re: Cast Iron Frying Pans

I enjoy using my 12" Lodge cast iron skillet. It was one of the only things I cooked on while I was in grad school 5 years ago. Requires pretty minimal maintenance - I scrub it with this scrubber thing and hot water. I can't get it to be 100% non stick, but its pretty close. The other pan I use...
by simplesimon
Thu Feb 25, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct 2015
Replies: 54
Views: 6169

Re: TaxAct 2015

TaxAct Online Version has been pretty frustrating to me. Interview mode keeps glitching and sending me back to the main page. I have had to go back through the interview mode and find my way back at least 20 times in the past day, making a 1-2 hour process take more than twice as long. If this is i...
by simplesimon
Tue Feb 23, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Resource for pensions (public and private)
Replies: 1
Views: 244

Resource for pensions (public and private)

I'm looking for a resource or a Boglehead that is familiar with CalPERS or private pensions or both to help me figure out how to optimize health plans, work credits, and retirement for my parents who don't have great reading comprehension so I'm having issues trying to figure out what's best for the...
by simplesimon
Tue Feb 23, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone stick to a Budget such as YNAB?
Replies: 25
Views: 2095

Re: Does anyone stick to a Budget such as YNAB?

I bought the standalone version of YNAB two months ago and like it so far.

Why did you get bored of it?
by simplesimon
Fri Feb 19, 2016 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: VTI vs Starting my own REIT
Replies: 52
Views: 4363

Re: VTI vs Starting my own REIT

I doubt you will be able to qualify for a loan in the first place.

Young and single - moving out of the USA isn't a bad idea if your situation is as bad as it sounds.

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