Search found 2926 matches

by simplesimon
Thu Jul 20, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4718

Re: Those Of You In a HCOLA - What's Your Financial Plan

To everyone talking about "making the choice" of living in a HCOL area must work in pretty flexible industries. In my current city, if I get laid off there are actually other companies here in my same industry that I could go work for. If I went to middle of Indiana, well frankly there's ...
by simplesimon
Thu Jul 20, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 709

Re: What to do after 401k and IRA max? Not found in wiki?

If you have an HSA available, that is also a tax-deferred savings vehicle. First, nice profile pic...stearman? Used to own a J3 ..fixed it up and sold it for profit--in my case, it was a good investment because I used it to learn to fly AND made some money back:) My company does offer an HSA, but I...
by simplesimon
Thu Jul 20, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 2818

Re: Windfall: Buy or wait?

I guess I’m at little confused about what the difference is between prudent caution based on current market conditions and imprudent attempts at market timing. Many people here do not make a distinction between the two. What people do advocate is to do whatever helps you sleep at night. Lots of dol...
by simplesimon
Thu Jul 20, 2017 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4718

Re: Those Of You In a HCOLA - What's Your Financial Plan

To everyone talking about "making the choice" of living in a HCOL area must work in pretty flexible industries. In my current city, if I get laid off there are actually other companies here in my same industry that I could go work for. If I went to middle of Indiana, well frankly there's ...
by simplesimon
Wed Jul 19, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Those Of You In a HCOLA - What's Your Financial Plan
Replies: 55
Views: 4718

Re: Those Of You In a HCOLA - What's Your Financial Plan

My choices are 1) to be house poor and live close to the city, 2) not house poor but have a really long commute, or 3) move to a LCOL area and try to make the same amount of money. The Boglehead choice is clear, but it just depends on your priorities. I know lots of people who do 1) and 2) and a han...
by simplesimon
Wed Jul 19, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: The Death of Buy and Hold
Replies: 25
Views: 3033

Re: The Death of Buy and Hold

What principles of a buy and hold strategy does he have issues with?
by simplesimon
Wed Jul 19, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3233

Re: Is Amex Platinum worth the high fees?

In my experience AmEx is not as widely accepted as Visa, but this is a card in which you sign up for the benefits not related to its actual use to collect points. The Chase Sapphire Reserve is generally a better card, but from what I understand the AmEx Platinum benefits are a little bit higher qua...
by simplesimon
Wed Jul 19, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 45
Views: 3233

Re: Is Amex Platinum worth the high fees?

In my experience AmEx is not as widely accepted as Visa, but this is a card in which you sign up for the benefits not related to its actual use to collect points. The Chase Sapphire Reserve is generally a better card, but from what I understand the AmEx Platinum benefits are a little bit higher qual...
by simplesimon
Wed Jul 19, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: HSA vs. FSA
Replies: 11
Views: 1043

Re: HSA vs. FSA

Depending on your age and how much your employer currently subsidizes plan costs, your premium may be much higher offsetting any tax benefits.
by simplesimon
Tue Jul 18, 2017 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 59
Views: 5262

Re: Is it still worth buying a house in a state with insane property taxes

Try living in Texas where property taxes in Dallas are 2.75% of "assessed" value, which is pretty much pulled out of thin air but always increases by mid to high single digits every year. What are you complaining for? Only 2.75%? That's nothing. I'm sitting at 3.1% here south of Houston.....
by simplesimon
Mon Jul 17, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 59
Views: 5262

Re: Is it still worth buying a house in a state with insane property taxes

As others have said property taxes are assessed at the town level and you can have variations across the state. What public services and amenities does the town offer? Is this something you can get in a different location with lower property taxes? I'm in a similar situation in a different part of t...
by simplesimon
Wed Jul 12, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 2917

Re: Jewelry insurance. Is it ever worth it?

OP, don't consider it an investment. Determine if you're risk averse enough to want insurance. We are, so we have it. A close friend lost her engagement ring yesterday while performing a cardiac catheterization. It must have come off in her glove. She was distraught, but at least comforted by the fa...
by simplesimon
Wed Jul 12, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating housing and longer commutes
Replies: 20
Views: 1220

Re: Evaluating housing and longer commutes

OP, I am in a similar situation as your kids and agree that using the Federal mileage rate ($0.535/mile) is a starting point to factor in gas, insurance, and maintenance.
by simplesimon
Tue Jul 11, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy Costs Too High
Replies: 8
Views: 1204

Re: Umbrella Policy Costs Too High

Young drivers make umbrella policies really expensive.
by simplesimon
Sat Jul 08, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Ally 11 month no penalty CD
Replies: 7
Views: 871

Re: Ally 11 month no penalty CD

This was discussed at length a couple weeks ago. Yes, lots of people are doing this including myself.
by simplesimon
Sat Jul 08, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: How are you a leader in personal finance?
Replies: 29
Views: 3140

Re: How are you a leader in personal finance?

I think most of us are leaders in the area of personal finance... I am not sure that the premise of your statement is correct. In order to be a leader you need followers, and I get the impression that many Bogleheads keep to themselves about their philosophies on handling money and investments and ...
by simplesimon
Thu Jul 06, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: VMRXX is at 1.14% [Vanguard Prime Money Market Fund Admiral Shares]
Replies: 1
Views: 495

Re: VMRXX is at 1.14% [Vanguard Prime Money Market Fund Admiral Shares]

Minimum investment in this fund is $5 million. Investor class shares has a yield of 1.08% and yes that is competitive with most online banks now.
by simplesimon
Mon Jul 03, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving from MA to RI
Replies: 19
Views: 2181

Re: Thinking of moving from MA to RI

You can certainly find something in your price range within 60 minutes of Boston, just not in the inner suburbs. I think you may be misjudging commute times as it takes 30 minutes to get from Waltham to Boston. It takes 60 minutes to get from Boston to Worcester or Providence, so there are many opt...
by simplesimon
Sun Jul 02, 2017 4:26 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving from MA to RI
Replies: 19
Views: 2181

Re: Thinking of moving from MA to RI

I work in Boston and can potentially transfer to Providence. Wife has a home office. We currently rent in Waltham and my commute is 45-60 minutes door to door. For $400-500k, there doesn't seem to be anything in MA comparable to homes in RI that offer a decent commute (<60 minutes), good schools, an...
by simplesimon
Fri Jun 30, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving from MA to RI
Replies: 19
Views: 2181

Thinking of moving from MA to RI

Has anybody made this move or knows anybody who did? I just had some questions that maybe can be discussed over PM as I think there may be less than five Bogleheads in the state of RI (based on an old thread where someone was looking to start a RI chapter). Basically, we're a couple in our 30's thin...
by simplesimon
Fri Jun 30, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6723

Re: Those who max 401k

If you get a bonus in December and your company does not do true-up matching, you'll have to make the best guesstimate you can beforehand or just miss out.

How many companies cut bonus checks after the final regular pay period but before the new year?
by simplesimon
Fri Jun 30, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 46
Views: 3070

Re: Engagement Ring Insurance

I use Jewelers Mutual - well known and highly regarded by people in the industry and on PriceScope.
by simplesimon
Fri Jun 30, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6723

Re: Those who max 401k

Good call on the match. Whats the best way to ask HR if they match even for the checks that don't have 401k taken out(after max is reached)? Thanks! Email them and ask them if they true-up matching contributions if you max out early. There should be a clearly stated policy. If not, assume they don'...
by simplesimon
Thu Jun 22, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: What insurance company has the best coverage for auto, renters, and umbrella?
Replies: 35
Views: 3012

Re: What insurance company has the best coverage for auto, renters, and umbrella?

I use GEICO for exactly these three types of insurance. No complaints other than the steady increase in premiums over the years, but their website is pretty nice and easy to use. I haven't had to file a claim yet, so I don't know how they will perform there.
by simplesimon
Thu Jun 22, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 71
Views: 9258

Re: Capital One $400 bonus for new checking account

I don't remember the last time I did something like this...is the bonus considered interest and therefore taxable?
by simplesimon
Tue Jun 20, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 8364

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

Had some money in their last no-penalty CD at 1.25%. Closed that, took the proceeds along with more cash and opened a new CD. Thanks for the heads up.
by simplesimon
Thu Jun 15, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: When you purchase shares, where does the money go?
Replies: 19
Views: 1617

Re: When you purchase shares, where does the money go?

The company selling shares can also choose to issue additional stock after the IPO and sell it on the open market. On the other side, they can also choose to buy back shares at market prices. I don't know why I didn't think of this question before - can a company issue additional shares anytime the...
by simplesimon
Thu Jun 15, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 92
Views: 8920

Re: Worth it to buy expensive clothes?

I have weird proportions that don't fit well with stuff off-the-rack and go the made to measure route. It's a big difference. Given your savings rate, pull the trigger and report back how much better you look and feel wearing clothes that fit well.
by simplesimon
Thu Jun 15, 2017 12:17 pm
Forum: Investing - Theory, News & General
Topic: When you purchase shares, where does the money go?
Replies: 19
Views: 1617

Re: When you purchase shares, where does the money go?

When the mutual fund company or the individual uses cash to buy stock, it doesn't go to the company itself. The company already received cash for this stock when it was first issued because it was the company's stock to sell. Once the share is out in the market, you're buying and selling between oth...
by simplesimon
Thu Jun 15, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Started a new job - Need advice on health insurance
Replies: 19
Views: 1149

Re: Started a new job - Need advice on health insurance

What's your tax rate? How much can you contribute to your HSA plan per year?
by simplesimon
Tue Jun 13, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 75
Views: 3459

Re: How many tech devices do you have?

Sounds pretty average. If everyone has a phone and a computer or iPad, that's at least two devices per person.
by simplesimon
Mon Jun 12, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Name Change After Getting Married
Replies: 17
Views: 2010

Re: Name Change After Getting Married

Psychologically speaking it's just easier to get it done now. It's not easy to do having to make calls and fill out paperwork. Do you expect there to be a period of time in the future when you will be less busy than you are now?
by simplesimon
Thu Jun 01, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Math help - home prices
Replies: 13
Views: 1060

Re: Math help - home prices

Thanks for all the replies. Definitely clears things up and makes me think about my own situation a little differently. Weirdly, I see the original post as justification for the current prices. Of course $270,000 in 1989 probably looked ridiculously overpriced to the rest of the country back then. I...
by simplesimon
Thu Jun 01, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Math help - home prices
Replies: 13
Views: 1060

Math help - home prices

A house in San Jose, CA was purchased for $270k in 1989 and is now estimated to be worth about $1M. I'm calculating a 4.78% annual return over the 28-year period. I can't imagine this being considered a great investment especially after paying interest on the mortgage, insurance, real estate taxes, ...
by simplesimon
Wed May 31, 2017 7:46 am
Forum: Personal Consumer Issues
Topic: MBA in EU...worth it?
Replies: 15
Views: 1326

Re: MBA in EU...worth it?

energy2025 wrote:Would ie.edu be considered top MBA school in Europe?


I didn't know who this was until I googled it.

I will echo other comments that an MBA is one of the best things I did - literally a life changer. But I had much more to gain from it than the OP does at this point in time from the sounds of it.
by simplesimon
Tue May 30, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: ? help on taking ss at 62
Replies: 15
Views: 1563

Re: ? help on taking ss at 62

How much are your annual living expenses?

How is your health?

How do you feel about withdrawing from your assets to cover the presumed gap between the pension and your living expenses?

Do you want to die having spent all your hard earned savings or leave something for charity or other relatives?
by simplesimon
Tue May 30, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: MBA in EU...worth it?
Replies: 15
Views: 1326

Re: MBA in EU...worth it?

I would avoid getting an MBA if you're doing well at your job. It will be very difficult to go to EU, get an MBA from a weak school, and try to get a new job coming back.

Why is an MBA the next challenge and not getting a promotion, fat raise, or new job responsibilities?
by simplesimon
Tue May 30, 2017 1:24 pm
Forum: Forum Issues and Administration
Topic: Private Message Outbox
Replies: 8
Views: 894

Re: Private Message Outbox

It means the recipient has not read it.
by simplesimon
Tue May 30, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: European bank fees WOW
Replies: 15
Views: 2423

Re: European bank fees WOW

Always passive wrote:My question was how Fidelity makes money on me. For a buy and hold account, like main, Fidelity is actual free!


I imagine the "index fund department's" cost center operates at cost or at a loss and is subsidized by other areas like you said earlier.
by simplesimon
Mon May 29, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Credit unions are non-profit, how come they do not dominate over banks???
Replies: 73
Views: 5589

Re: Credit unions are non-profit, how come they do not dominate over banks???

To understand this better, it would be interesting to know what the most profitable aspects of banking are: is it the spread between what you make when you lend and what you pay out in interest on CDs, etc.? Or is it on the fees you charge banking customers, the other investment products you get in...
by simplesimon
Fri May 26, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidity question: Max retirement savings vs. build EFund?
Replies: 8
Views: 735

Re: Liquidity question: Max retirement savings vs. build EFund?

Agreed, maxing the 401K is likely a better option. See tfb's post The Case Against the Roth 401K. I know you're not talking about a Roth 401K but the same logic applies.
by simplesimon
Fri May 26, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 37
Views: 4007

Re: When to start talking to older parents regarding their finances (and how to do it?)

Say you saw an article online and it made you think of them. See if they're interested in carrying the discussion forward.
by simplesimon
Fri May 26, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Liquidity question: Max retirement savings vs. build EFund?
Replies: 8
Views: 735

Re: Liquidity question: Max retirement savings vs. build EFund?

Thanks for the replies, everyone. I think I will continue with Option 2 for the remainder of this year: namely, max wife's 401k, contribute 9K to mine, and then max both Roths. If we get nice bonuses at the end of the year, we can build up the EF in a taxable account a bit quicker. If we don't get ...
by simplesimon
Thu May 25, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: best for web surfing: trackpoint or touchpad?
Replies: 12
Views: 828

Re: best for web surfing: trackpoint or touchpad?

If you're going to be switching to a laptop with a touchpad, the Macbook is unbeatable because it is made of glass like the iPhone and iPad and its response is phenomenal. I have heard very good things about the red rubber nubbin on Thinkpads but haven't used one extensively yet. Once my 2010 Macboo...
by simplesimon
Thu May 25, 2017 1:47 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 52
Views: 7874

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

Vanguard sounds like a mutual savings bank in structure. Not-for-profits certainly make profits - they have to if they intend to stay viable over the long term. See another thread about churches and what can happen when revenues in the form of contributions/donations and investment support dry up. ...
by simplesimon
Thu May 25, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1652

Re: Cash flow observation

How do you define "artificially" high? If the $200k property generates $5k/yr after PITI and maintenance, then the $40k invested is providing a 12.5% dividend instead of a 2.5% dividend if it was purchased with cash. I agree with your points about risk. I agree with you. If someone carefu...
by simplesimon
Thu May 25, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1652

Re: Cash flow observation

Now days, someone who wants a nice cash flow without living an extremely frugal existence, probably needs to think about buying a few rental props. Aside from rental properties working because you are investing your labor (vs. passive investing), a lot of people think rentals work better than they ...
by simplesimon
Thu May 25, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1652

Re: Cash flow observation

Dad's cash flow was 6k a month to the positive, his net worth was around 350k. Dad's brother has a net worth between 3-5 million, yet my dad did everything his brother did. When you get down to it, cash flow is probably several times more important than net worth. Let's look at your dad's brother's...
by simplesimon
Thu May 25, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 52
Views: 7874

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

... Agreed. Although, BlackRock (BLK) is a great stock to own if you'd like to take advantage of the tectonic shift going on from active to passive investment management in the fund industry. Having seen the kind of momentum Vanguard was gaining with fund flows years ago (back in 2010), and thinkin...

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