Search found 3037 matches

by simplesimon
Sat Feb 17, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of spending money on appearance in career
Replies: 56
Views: 2844

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: 412

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: 3958

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: 84
Views: 5525

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: 84
Views: 5525

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: 84
Views: 5525

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: 473

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: 1040

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: 1040

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: 10444

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: 11435

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: 11435

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: 3129

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: 8473

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: 3524

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: 162
Views: 17289

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: 162
Views: 17289

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: 162
Views: 17289

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: 169
Views: 31487

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: 5295

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: 4829

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: 6597

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: 363

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: 1299

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: 3254

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...
by simplesimon
Fri Jan 05, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Too high income for Roth, but made contributions already - Can I still Backdoor?
Replies: 5
Views: 525

Re: Too high income for Roth, but made contributions already - Can I still Backdoor?

sergeant wrote:
Fri Jan 05, 2018 3:23 pm
simplesimon wrote:
Fri Jan 05, 2018 2:46 pm
Do you have other tIRA accounts at all? I believe they all need to be converted or rolled out into a 401k to Backdoor.
Says they don't have any other IRA's.
Ah, missed that. Thanks. Backdoor should be good then.
by simplesimon
Fri Jan 05, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Too high income for Roth, but made contributions already - Can I still Backdoor?
Replies: 5
Views: 525

Re: Too high income for Roth, but made contributions already - Can I still Backdoor?

Do you have other tIRA accounts at all? I believe they all need to be converted or rolled out into a 401k to Backdoor.
by simplesimon
Fri Jan 05, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: How much does keeping international holdings in a taxable account really matter?
Replies: 15
Views: 1096

Re: How much keeping international holdings in a taxable account really matter?

Keeping a more volatile holding in taxable will give you more tax loss harvest opportunities. International instead of bonds also help improve tax efficiency. If your taxable accounts are equal or larger than your tax-advantaged accounts you'll have to adjust. Edit: whoops, read the OP as 70/30 stoc...
by simplesimon
Fri Jan 05, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 8
Views: 517

Re: How much life insurance?

I'm in the process of doing this myself. WCI explains it nicely: https://www.whitecoatinvestor.com/how-to-buy-life-insurance/ The articles and calculators at term4sale.com are also good resources. A) What are your annual expenses sans mortgage payment? B) What are your annual retirement/college savi...
by simplesimon
Thu Jan 04, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8179

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Can your wife get a job with benefits? Since you're not in high finance, a two-income household is basically a requirement.
by simplesimon
Thu Jan 04, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Cash-out refinance to REDUCE equity?
Replies: 18
Views: 1539

Re: Cash-out refinance to REDUCE equity?

Business owners do this all the time. Diversification itself isn't a very good reason.

Can you finance whatever you're trying to diversify into with future cash flows?
by simplesimon
Wed Jan 03, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Pay extra on Mortgage or save for car? Need Advice, Please!!
Replies: 29
Views: 1305

Re: Pay extra on Mortgage or save for car? Need Advice, Please!!

Unless the car you are interested in buying is necessary for your job, rethink the kind of car you're getting.
by simplesimon
Tue Jan 02, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k in January?
Replies: 11
Views: 1287

Re: Maxing 401k in January?

If there is no company match to be concerned about, or if the company will do a full true-up match contribution at the end of the year, then go for it.
by simplesimon
Tue Jan 02, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5976

Re: What is your threshold for paying down debt?

Maybe I'll post in a year when VTSAX is down 20% and say wow I should have just paid off the loan. This is something very few new posters seem to appreciate...emotions as it relates to cycles. What market timer did was extreme, but reflects the same sentiments of other posters at that point in the ...
by simplesimon
Mon Jan 01, 2018 8:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Contest 2018 [discussion]
Replies: 7
Views: 869

Re: BOGLEHEADS CONTEST 2018

Wow, none of the "pros" are estimating a decline of more than 1%? Time to sell.
by simplesimon
Mon Jan 01, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 17862

Re: Why Buy Bonds If You Have A Mortgage?

Not missing anything...how much do you value liquidity?
by simplesimon
Mon Jan 01, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 352
Views: 39763

Re: Netflix, Your Current Favorite Show

mptfan wrote:
Mon Jan 01, 2018 1:47 pm
pshonore wrote:
Sun Dec 31, 2017 12:24 pm
The Crown Season 2. (interesting to mote the entire cast is being replaced for Season 3)
Is that because they are getting older actors to portray the aging of the characters?
Yes.
by simplesimon
Sun Dec 31, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: What is magnitude of risk reduction via international equity diversification
Replies: 26
Views: 1426

Re: What is magnitude of risk reduction via international equity diversification

Godzilla wrote:
Sun Dec 31, 2017 2:04 pm
My question is: am i deluding myself feeling that I am actually significantly safer (have less overall asset value volatility) with 40% rather than 20% in international equities?
Yes.
by simplesimon
Sat Dec 30, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance Riders/Waivers
Replies: 11
Views: 618

Re: Disability Insurance Riders/Waivers

I would highly recommend WhiteCoatInvestor's series on disability insurance. Read it through, ask questions here, read it again, and ask more questions. https://www.whitecoatinvestor.com/disability-insurance-introduction/ I have employer covered group insurance but have a small private policy to get...
by simplesimon
Fri Dec 29, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: How to financially assist DD to help continue her Obamacare
Replies: 54
Views: 3973

Re: How to financially assist DD to help continue her Obamacare

What are her current premiums and deductible? Can she shop for a plan that has a lower deductible? It sounds like the increase in premium would be worth it for her situation.

Find out which providers in her area will accept Medicaid.

Did her previous employer provide group long term disability?
by simplesimon
Thu Dec 28, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and 401K – Advice?
Replies: 11
Views: 739

Re: Roth IRA and 401K – Advice?

With only 3,000 to open a Roth IRA does anyone have any advice on which funds to purchase? Picking the Same Target Retirement fund as my 401k doesn’t seem like a good investment strategy. Thanks If you decide to stay in the target fund in the 401k there isn't a mutual fund you can pick in your Roth...
by simplesimon
Thu Dec 28, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to financially assist DD to help continue her Obamacare
Replies: 54
Views: 3973

Re: How to financially assist DD to help continue her Obamacare

I also wanted to make sure my understanding of the minimum income requirements for ACA was correct. Maybe my own understanding is incorrect, but from the Google searching that I did on the subject I don't see anywhere that says there is a minimum amount of income to qualify for ObamaCare...just tha...
by simplesimon
Thu Dec 28, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: First job! New investor!
Replies: 8
Views: 451

Re: First job! New investor!

Congrats on the job. You're on the right track with regards to retirement savings. I think you may have made a typo with regards to how much you're putting into domestic and international based on your stated desire for 15% international exposure. I don't know of a spreadsheet online off the top of ...
by simplesimon
Thu Dec 28, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4778

Re: A Year of Extreme Frugality

If your goal is to save an incremental $100k+ in a year, little tricks like brown bagging lunches and reducing Starbucks purchases will help but is not a strategy I believe will win. What I believe are the biggest contributors to my family's high savings rate (in no particular order): We cook most o...
by simplesimon
Thu Dec 28, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: How to financially assist DD to help continue her Obamacare
Replies: 54
Views: 3973

Re: How to financially assist DD to help continue her Obamacare

Could you claim her as a dependent?

I don't quite understand the dilemma. She'll get Medicaid if she qualifies and can afford health plans on Obamacare if she doesn't. Am I missing something?
by simplesimon
Thu Dec 28, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 4641

Re: Diamonds are forever.

MarkBarb wrote:
Thu Dec 28, 2017 9:44 am
I know almost nothing about gemstones. Are diamond lookalikes (cubic zirconium?) close enough in appearance and sufficiently less expensive to make them a better deal?
Yes, just like most good knockoff markets.