Search found 2973 matches

by simplesimon
Thu Nov 09, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Disability & Umbrella Insurance
Replies: 4
Views: 389

Re: Disability & Umbrella Insurance

My parents are financial illiterate and never got any insurance other than auto, health, and homeowners. They are retirement age now so they are "better off" than if they did have umbrella or disability. Despite this, I make sure I have all of these. Don't confuse outcome with strategy. What turns e...
by simplesimon
Wed Nov 08, 2017 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9635

Re: Disposable income... how?

Sorry for not being clear here... -I own one car, its 15 years old and paid off. The second car is slowly becoming hard to live without. -My 9% debt is also my miscellaneous category too. It includes mess dues (work related) and the 100 bucks each month I put into saving for an XMAS fund so the hol...
by simplesimon
Tue Nov 07, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: HMO vs HDP w HSA
Replies: 15
Views: 1337

Re: HMO vs HDP w HSA

The tax benefit is $1652 ($5900*.28); I think you included CA tax by mistake. Don't HSA contributions avoid FICA? They may, if you use payroll deduction. However, I don't consider that a clear benefit, as you lose about as much in future SS as you save in FICA. (Sinece the OP is in the 28% bracket,...
by simplesimon
Tue Nov 07, 2017 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9635

Re: Disposable income... how?

Wow, so much good stuff here, I can't comment on everything but I'll answer a few common questions. Q: Why do I feel 33% is not enough. A1: I am 32 and only have 1x my income stocked away and it is not all for retirement. My retirement portfolio is only about 75k, so I am behind. A2: As long as my ...
by simplesimon
Mon Nov 06, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP+HSA, why mix insurance and investments???
Replies: 21
Views: 1277

Re: HDHP+HSA, why mix insurance and investments???

Keeping the contributions in cash and paying for expenses as needed is a perfectly good plan.
by simplesimon
Mon Nov 06, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9635

Re: Disposable income... how?

Brokepilot wrote:
Mon Nov 06, 2017 12:53 pm
The 33% I am putting away in not enough!
What calculation are you doing to come to this conclusion?
by simplesimon
Mon Nov 06, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: HDHP+HSA, why mix insurance and investments???
Replies: 21
Views: 1277

Re: HDHP+HSA, why mix insurance and investments???

The saying is typically used in the context of comparing the types of insurance policies that are sold as "investments". The HDHP+HSA is not sold this way, although I can see why one might think it is with the option of investing your contributions. It is not the same as term life vs. whole life or ...
by simplesimon
Mon Nov 06, 2017 4:20 am
Forum: Personal Finance (Not Investing)
Topic: HMO vs HDP w HSA
Replies: 15
Views: 1337

Re: HMO vs HDP w HSA

grabiner wrote:
Sun Nov 05, 2017 11:41 pm
The tax benefit is $1652 ($5900*.28); I think you included CA tax by mistake.
Don't HSA contributions avoid FICA?
by simplesimon
Sun Nov 05, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: HMO vs HDP w HSA
Replies: 15
Views: 1337

Re: HMO vs HDP w HSA

Worst case scenario calculations: HSA Annual premiums: ($2,316) Out of pocket max: ($6,400) Employer contribution: $1,000 Tax benefit of maxing HSA: $2,056 Cost: ($5,660) HMO Annual premiums: ($3,492) Out of pocket max: ($2,000) Cost: ($5,492) The premium difference you have is pretty good in terms ...
by simplesimon
Sat Nov 04, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: HMO vs HDP w HSA
Replies: 15
Views: 1337

Re: HMO vs HDP w HSA

Are the stated premiums per month or per paycheck? If the latter, how often are you paid?

(28% federal tax + 7% FICA) * $5900 contribution = $2,065 in tax savings. This plus the $1,000 in employer contribution plus difference in premiums over a year may make it a wash at worst.
by simplesimon
Wed Nov 01, 2017 4:53 am
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 2821

Re: Will we be house poor in Boston? Help us to set a budget limit

As I said in the other thread, my definition of house poor looks more at cash flow rather than net worth. What would be your PITI on a $1.2m house compared to your $5k/month in rent? Depending on the size of your down payment, it might be kind of close. If you're making $500k pre-tax and your annua...
by simplesimon
Tue Oct 31, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 2821

Re: Will we be house poor in Boston? Help us to set a budget limit

As I said in the other thread, my definition of house poor looks more at cash flow rather than net worth. What would be your PITI on a $1.2m house compared to your $5k/month in rent? Depending on the size of your down payment, it might be kind of close. If you're making $500k pre-tax and your annual...
by simplesimon
Mon Oct 30, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8964

Re: we bought a house - are we housepoor now?

When I define housepoor I look at cash flow rather than balance sheet.

To me, 30% of take home pay for housing is about my limit.
by simplesimon
Tue Oct 24, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4327

Re: what is your weekly workout routine?

Lift progressively heavy barbells in the squat, overhead press, and deadlift. You'll be more useful to yourself and everyone around you.
by simplesimon
Tue Oct 03, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: CD with Santander bank?
Replies: 3
Views: 582

Re: CD with Santander bank?

Just make sure to read the fine print like if the CD is for new money only and what the early withdrawal penalties are.
by simplesimon
Fri Sep 15, 2017 5:41 am
Forum: Investing - Theory, News & General
Topic: CEMG - iShares MSCI EM Consumer Growth UCITS ETF
Replies: 1
Views: 215

Re: CEMG - iShares MSCI EM Consumer Growth UCITS ETF

Your gut instincts are likely correct. Avoid this ETF. Don't go chasing performance.
by simplesimon
Fri Sep 15, 2017 5:37 am
Forum: Investing - Help with Personal Investments
Topic: New salaries, baby on the way, getting finances in order
Replies: 9
Views: 1029

Re: New salaries, baby on the way, getting finances in order

Are you purposely underinsuring your disability, umbrella, and life insurance?
by simplesimon
Tue Sep 12, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1565

Re: Will you get to see business financial data by being an accountant?

Thank you guys so much for your posts. They are all so very informative. :) I've looked at indeed.com for FP&A job roles and I think they are in-line with what I am looking to become an expert in. What type of education do venture capitalists need? Wouldn't a FP&A background be the most beneficial ...
by simplesimon
Tue Sep 12, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Will you get to see business financial data by being an accountant?
Replies: 18
Views: 1565

Re: Will you get to see business financial data by being an accountant?

Public accounting, corporate banking, or private equity might be the best places to start.
by simplesimon
Thu Aug 31, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Best way for hotel room block
Replies: 3
Views: 613

Re: Best way for hotel room block

Hi naveen, I sent you a private message.
by simplesimon
Wed Aug 23, 2017 10:07 am
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 5344

Re: Weightlifting Equipment for Home Gym

CFM300 and I have actually discussed this; we don't understand the kettlebell hype at all. Their functionality is limited, especially for the cost. Other than a swing, there are better (and cheaper) implements for every single thing you do with a KB. You will quickly progress past the point where a...
by simplesimon
Wed Aug 23, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3320

Re: Would you hire an obese nanny?

The people in this thread make it seem like genetics have as much to do with obesity as lifestyle choices. The human genome has not evolved (devolved?) that quickly in the last 100 years.
by simplesimon
Wed Aug 23, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3320

Re: Would you hire an obese nanny?

I don't have kids. How hard is it to get a good nanny? It sounds like the OP has a few options.

Can the OP hire her and see how it goes?
by simplesimon
Wed Aug 23, 2017 8:02 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3320

Re: Would you hire an obese nanny?

What are your alternatives?
by simplesimon
Tue Aug 22, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 5344

Re: Weightlifting Equipment for Home Gym

Then start with a simple, short, efficient Boglehead routine. A three compound lift routine, like a three fund portfolio: A push for your upper body, a pull for your upper body, and either squats or deadlifts for your lower body. Done. You should be out of the gym in under an hour. Do it consistent...
by simplesimon
Mon Aug 21, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 5344

Re: Weightlifting Equipment for Home Gym

I am so pleasantly surprised at the number of Bogleheads that lift with barbells! +1 million with the Starting Strength recommendation. If you're not strong in the squat, deadlift, or press (standing/overhead press) then doing other exercises is a waste of time if your goal is to be a stronger and m...
by simplesimon
Mon Aug 21, 2017 8:26 am
Forum: Investing - Theory, News & General
Topic: IBonds: My worst bond investment over the last 5 years
Replies: 74
Views: 8079

Re: IBonds: My worst bond investment over the last 5 years

I-bonds are risk free. All other bond investments the OP listed are not. Actually, all other investments are not. Move along, nothing else to see here.
by simplesimon
Thu Aug 17, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% CC or Citi double cash card?
Replies: 60
Views: 9706

Re: Fidelity 2% CC or Citi double cash card?

Like the Fido 2% right into my account better than the 1% now, 1% off the payment. If you redeem the Citi card by applying rewards to your balance, you don't get the full 2%. 1.99% vs. 2.00%. That's an extra $100 for every $1,000,000 you put on the card. Definitely a drawback... :) I just applied f...
by simplesimon
Tue Aug 15, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4801

Re: 27y/o w/ 150k debt buying 685k house

It's not the worst idea in the world. Of course if he loses his job like lawyers did in 2009 then he'll have some tough times ahead.

Otherwise, just let him be. Why do you want to stop him so badly?
by simplesimon
Sun Jul 30, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4172

Re: How do you decide if you can afford something?

I believe it comes down to individual philosophies. Numbers play a big part of it, but I disagree with the person about the Bugatti - he could afford it but it would come at the expense of retirement income, or whatever. If I knew that I was going to die in a year, my spending priorities would chan...
by simplesimon
Sun Jul 30, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Another bay area housing thread..
Replies: 143
Views: 14027

Re: Another bay area housing thread..

I see these Bay Area housing posts and I cringe. More power to the people that live there. What I find hard to believe is that there are no "glamorous" tech jobs in places such as Denver, Phoenix, Austin, Atlanta, Research Triangle, Dallas, Minneapolis or even Chicago where one could presumably buy...
by simplesimon
Sun Jul 30, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: What was the expense ratio of Vanguard's S&P 500 fund in 1976
Replies: 17
Views: 2504

Re: What was the expense ratio of Vanguard's S&P 500 fund in 1976

Hi: In addition to the expense ratio, Vanguard's S&P 500 index fund also imposed, in its early years of operation, a quarterly $2.50 fee from the quarterly dividend. This $10 annual deduction from income resulted in an additional 1% annual cost in relation to the $1,000 minimum investment. As a set...
by simplesimon
Sun Jul 30, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 4172

Re: How do you decide if you can afford something?

I believe it comes down to individual philosophies. Numbers play a big part of it, but I disagree with the person about the Bugatti - he could afford it but it would come at the expense of retirement income, or whatever. If I knew that I was going to die in a year, my spending priorities would change.
by simplesimon
Sun Jul 30, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: What was the expense ratio of Vanguard's S&P 500 fund in 1976
Replies: 17
Views: 2504

Re: What was the expense ratio of Vanguard's S&P 500 fund in 1976

Money Market wrote:Thanks! It sure came a long way down! I looked at the thread and saw that their SEC filings indicated they raised their ER during 2008/2009. Interesting.
Makes sense...if they're operating at-cost and those costs are fixed, a 40%+ drop in revenues would be quite the blow.
by simplesimon
Sun Jul 30, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Warning - don't invest in funds with low assets
Replies: 10
Views: 1862

Re: Warning - don't invest in funds with low assets

With those monstrous gains YTD, how has money not poured in to prevent the ETF from disbanding?
by simplesimon
Sun Jul 30, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: What to do with 3oz of gold?
Replies: 28
Views: 4705

Re: What to do with 3oz of gold?

I had 3 also. I walked into a store in the diamond district of NYC when i went in for a ballgame and they paid me the price of gold in cash rounded down a slight bit. No value in keeping it. And then you went to the Bronx with thousands in cash in your pocket? I sold some years ago and I was parano...
by simplesimon
Sat Jul 29, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Buying a house four months before a lease has expired
Replies: 18
Views: 1056

Re: Buying a house four months before a lease has expired

There's gotta be some room for negotiations there. You've quantified the $6k as the top end of your cost. I'd ask the landlord in the nicest way possible what your situation is and see how they respond first. If the rental markets are pretty good in your area, it wouldn't take long for them to find ...
by simplesimon
Sat Jul 29, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Finance as a college major?
Replies: 50
Views: 4608

Re: Finance as a college major?

I went to an event last night at which local alumni welcomed the parents of and new freshmen preparing to start at my alma mater in a few more weeks. The school focuses on liberal arts and sciences, business and education (no engineering, nursing, etc.) The students were asked to introduce themselv...
by simplesimon
Fri Jul 28, 2017 2:47 pm
Forum: Investing - Theory, News & General
Topic: Where should I save my money?
Replies: 8
Views: 1220

Re: Where should I save my money?

Ally's no penalty CD is 11-months and yields 1.50% for balances over $25k. That's the best you can do for 11-months unless you commit to a longer term. Ally's 5-year CD has a 2.25% yield. Check out https://www.depositaccounts.com/cd/ which aggregates online CD rates. You'll see that Ally is pretty c...
by simplesimon
Fri Jul 28, 2017 6:48 am
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional
Replies: 57
Views: 5636

Re: Roth vs Traditional

I'd adjust my savings strategy when I think it'll be a problem. 20-30 years is a very long time and anything can happen. I do what's best for me right now...take the tax savings and do something else with it.
by simplesimon
Wed Jul 26, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Critique my assumptions in buy vs. rent analysis
Replies: 19
Views: 1520

Re: Critique my assumptions in buy vs. rent analysis

Do I have this right? Even with this analysis, it doesn't sound like renting the $5,500 place is an option given your girlfriend's aversion to renting. So you are going from paying some small subsidized amount to something that is double, triple that amount? That's a pretty big jump and while it may...
by simplesimon
Wed Jul 26, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Critique my assumptions in buy vs. rent analysis
Replies: 19
Views: 1520

Re: Critique my assumptions in buy vs. rent analysis

The NYT calculator is probably the best there is but it's conclusions are based on what gives you the higher number at the end of the day - not actual cash flow. Appreciation will make it seem like a no brainer, but you can't pay the mortgage and taxes with appreciation. Did you calculate what the m...
by simplesimon
Wed Jul 26, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7569

Re: What are your monthly expenses?

The more important thing is what is your savings rate? Over 50% but with my expenses being so high, I'm still not satisfied. *Note* I live rent free, no debt, car payed for. Are you looking for someone to tell you to cut down on your expenses? Your reasons for spending money on these things are you...
by simplesimon
Wed Jul 26, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 10064

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

Caterpillar just moved its corporate HQ to Chicago area from Peoria. McDonald's moved its corporate HQ from burbs into the city. Boeing relocated there from Seattle! Chicago has a concentration of knowledge and financial workers that some corporations need and the vibrancy that some creative millen...
by simplesimon
Tue Jul 25, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: $500 month - invest, car fund, debt?
Replies: 2
Views: 498

Re: $500 month - invest, car fund, debt?

Your emergency fund looks small compared to your income and other account balances, but other than that it probably doesn't matter where the money goes. You'll be fine.
by simplesimon
Tue Jul 25, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Order of Operations (Retirement, Loans, Emergency Fund)
Replies: 25
Views: 1710

Re: Order of Operations (Retirement, Loans, Emergency Fund)

I'd get the 401K match, max the Roth, then build up the emergency fund if you're comfortable that this plan costs you 4-5% on monies you're putting into your savings account. If not, then split up emergency fund building and debt repayment 50/50 as a starting point. You may be surprised how much bet...
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: 68
Views: 7516

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 only one c...
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: 865

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: 31
Views: 3854

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...