Search found 1341 matches

by wrongfunds
Thu Apr 26, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 48
Views: 5037

Re: Unprecedented Event

Since moderators have not yet clamped down on this topic, let me add another wrinkle. What if China/India/Somebodyelse becomes superpower and takes over USA? Have you thought how that will affect your retirement? That certainly would be "Unprecedented Event"! I suspect now that I have contributed, t...
by wrongfunds
Thu Apr 26, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

OP, I had a destination wedding. I knew what the downsides were, but my now spouse and I liked that much better than the alternative. We knew people wouldn’t be able to come and we were fine with that. We also had it on a weekday to further cut the cost. It ended up being, all/in, around $5,000 . I...
by wrongfunds
Thu Apr 26, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: I double-paid the IRS by mistake - what to do?
Replies: 7
Views: 1037

Re: I double-paid the IRS by mistake - what to do?

Funny, I had asked very same question not a week ago about what happens if one accidentally pays more to IRS and does IRS returns the excess money or not.
by wrongfunds
Thu Apr 26, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

The usual problem is that mother-in-law(s) think it is their wedding rather than their child's wedding! Yes, it is somewhat sexist but generally father-in-law(s) don't think in similar terms.
by wrongfunds
Thu Apr 26, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: I double-paid the IRS by mistake - what to do?
Replies: 7
Views: 1037

Re: I double-paid the IRS by mistake - what to do?

I had prepared my taxes a few weeks ago and was waiting to send in my return and wrote a check for the balance when I mailed it. I must have written a first check earlier when the taxes were prepared and somehow forgotten it and included a second check when I mailed my return. This is not computing...
by wrongfunds
Thu Apr 26, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

We already agreed that it is possible for half the people to be financially burdened if the wedding is not local assuming they are on the opposite coast. If they decide to meet in the middle, then all of them will be financially burdened. It is only fair that it should be done that way. Consider des...
by wrongfunds
Thu Apr 26, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

My advice to all those desi parents always have been "Vehemently oppose the choice made by your child so that they will elope and get married saving you tons of money" :-) Unfortunately, even today's Bollywood has gone away from that kind of melodrama but if you watch any older tear jerker, the not ...
by wrongfunds
Thu Apr 26, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

Weddings in the USA are the biggest racket on the planet. Absolutely financially stupid for young couples to participate in. There's no law that says you have to spend too much on a wedding inside the borders of the United States. May be both you should attend a wedding abroad (how does Mumbai or B...
by wrongfunds
Thu Apr 26, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

Once again, I asked about West Coast vs East Coast which you conveniently ignored! Many couples who meet at school might come from different coasts. May be it was rare to have such scenario in the past but it should no longer be that uncommon any more. Bottom line is that the marriage is for the cou...
by wrongfunds
Thu Apr 26, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 114
Views: 6022

Re: Wedding - financial burden on couple and attendees

Who pays for the hotel room for the invited guests? Who pays for the airfare for the invited guests? I understand the couple may have reserved a block of rooms but is there any expectation that the couple is going to pick up the hotel tab? How is the destination wedding is that much different than s...
by wrongfunds
Wed Apr 25, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2042

Re: Does it ever make sense to not contribute to retirement accounts?

OP

I think the last digit of your username should be 7 instead of 8.

I hope this helps :-)
by wrongfunds
Tue Apr 24, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI [Financial Independence]

100X is just not enough. Given the uncertainty, you should seriously consider 200X as the goal.
by wrongfunds
Mon Apr 23, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI

Having that settled, I am solidly back in your camp :-) But I still do not agree with your Rule #2. Even with engineer salary, it would have been very difficult to wait until that rule was met. During that time, the prices would have gone up faster than rate of portfolio increase. I will also take s...
by wrongfunds
Mon Apr 23, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI

Rule #2 I think is impossible for 90% of people. I know when we bought a house our total non-house NW was maybe 1/3-1/2 of the house value... but it worked out OK and 10 years later we are closing in on your rule. It's not impossible for most, but it's certainly impractical. Most following this wou...
by wrongfunds
Mon Apr 23, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

"Tesla, free supercharging, fast, 200+ miles, autopilot, panoramic glass roof, etc for $27.5k after tax credit."
I have not priced it but I have a feeling that even a Toyota Corolla is going to push at $25K price. The above expectation seems to be little bit off.
by wrongfunds
Mon Apr 23, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: 'Basic' phones that work with Lyft & Uber?
Replies: 12
Views: 950

Re: 'Basic' phones that work with Lyft & Uber?

1) There is Wi-Fi everywhere. You can buy a smartphone, not activate it and use Wi-Fi to order rides. No added monthly cost. Look for Black Friday, I grabbed the ZTE Maven for $10 last year. While recently on a trip abroad, I did not have the phone active but my DW did. From hotel WiFi, for some re...
by wrongfunds
Mon Apr 23, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 78
Views: 8823

Re: Inheritance Changing Lifestyle

This makes perfect sense when partners come in to current marriage after dissolving the prior one. I thought different rules apply when both partners have the current one as their only lifetime marriage.
by wrongfunds
Mon Apr 23, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 78
Views: 8823

Re: Inheritance Changing Lifestyle

Is inheritance windfall treated differently than say Megabucks windfall? I do have a ticket in my wallet which may or may not be a 9 figure winner. The purchase was made with my own $2. I guess I need to read all FAQ just in case.
by wrongfunds
Mon Apr 23, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 78
Views: 8823

Re: Inheritance Changing Lifestyle

Wife may not have a "say" on the $5M, Can a spouse legally keep that inheritance only for oneself? Leaving the ethical or moral part out of the equation, is it legal to structure the received inheritance as an individual windfall and when the judge looks at the marital asset for the eventual break-...
by wrongfunds
Mon Apr 23, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: 'Basic' phones that work with Lyft & Uber?
Replies: 12
Views: 950

Re: 'Basic' phones that work with Lyft & Uber?

It is not the phone, it is the plan! If OP has some cheap grandfathered plan, putting a smartphone on that line will cause the per month cost to go up. Obviously, it will depend upon the specific situation but I could see that as a legitimate reason why OP is holding on to the flip phone.
by wrongfunds
Sun Apr 22, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Car driver's power window - problem - ideas?
Replies: 13
Views: 894

Re: Car driver's power window - problem - ideas?

1999 Camry Replaced both window motor regulators on driver side front and rear window about year apart. Once I watched about dozen of youtube videos how to do it on this particular car, I decided to order it (and extra pesky plastic clips) on Amazon and replaced it myself. The first time was scary. ...
by wrongfunds
Sun Apr 22, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 78
Views: 8823

Re: Inheritance Changing Lifestyle

I think the advice "cut spouse off now" must be a joke but with BH, one never knows! I do agree that with $5M, great divorce lawyer could be found.
by wrongfunds
Sun Apr 22, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

Had an opportunity to sit in and drive it around a parking lot. How? Courtesy of a friend or a family or a colleague? In our area, I can not even see that car in the show room let alone sit in it. Test driving is out of question. Top Gear gave the Model 3 a great review... https://www.topgear.com/c...
by wrongfunds
Sat Apr 21, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI

I do not think my situation is so atypical. If my memory is not failing, didn't we have this conversion few months ago where you actually said that your situation was far from typical???? (aka having 6 figures while still in school because of some unfortunate circumstances?) RE: KF: You are steadfa...
by wrongfunds
Sat Apr 21, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 84
Views: 5151

Re: How do I make sure IRS receives my manual tax return ?

Obviously, if Google does not have it, then it never happened, right, Right???
by wrongfunds
Sat Apr 21, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI

When KF talks, I listen because it reminds me of my childhood "because I said so" end of discussion scenario :D Realistically speaking, if you are in a position to save annual expenses every year, almost any strategy will work and I still believe i is very simple (but of course NOT EASY to implement...
by wrongfunds
Sat Apr 21, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6617

Re: Help me explain why pre-tax investing can help when retiring in same bracket

It’s possible that someone could get to the point late in life where RMD’s push them into a high marginal rate, but if someone has that level of assets, I’m just not that worried about their ability to pay taxes. You and me think that way but that is only because either we will not be affected or w...
by wrongfunds
Fri Apr 20, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 13106

Re: Divs and Cap Gains are killing me

How can dividends and capital gains be killing someone - isnt the solution to just put a portion of them towards taxes, like any other income sources? im sure bonuses, lottery wins, consulting work, etc, could be "killing someone" as an income source - but dont you just put away the tax money? I th...
by wrongfunds
Fri Apr 20, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 263
Views: 15920

Re: KF's simple rules to achieve FI

Welcome back KF! Last few weeks at BH were just not the same with your absence.

Where is that popcorn smiley gone?
by wrongfunds
Fri Apr 20, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 84
Views: 5151

Re: How do I make sure IRS receives my manual tax return ?

why can't you guys answer the question that was asked? would you keep extra $10 handed to you by the store cashier if he made a mistake? would IRS keep that extra $10,000 if taxpayer forgot about the estimated payments?
by wrongfunds
Fri Apr 20, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 84
Views: 5151

Re: How do I make sure IRS receives my manual tax return ?

My question was though is IRS honest so that it will account for the taxes already paid even if you forgot about them?
by wrongfunds
Fri Apr 20, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do I make sure IRS receives my manual tax return ?
Replies: 84
Views: 5151

Re: How do I make sure IRS receives my manual tax return ?

Funny thing about estimated payments is that you never get any receipt or any paperwork telling you how much you have already paid. What if you forgot about making the estimated payments or telling that to the person who is preparing your taxes from all the available paperwork? Will IRS correct the ...
by wrongfunds
Fri Apr 20, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

Take a look at this

2018 Tesla Model 3 EcoHitch Installation
https://www.youtube.com/watch?v=nDtgQYxkpxY
by wrongfunds
Fri Apr 20, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11143

Re: We crush stock indexes, Yale claims

One of the BH is paying close to 80K per year for his child to attend Yale. I don't think Yale is going to go bankrupt if their endowment did not do well for a year or not! I am sure they cover their expenses from their students.
by wrongfunds
Fri Apr 20, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

I appreciate your reply quite a lot! Thanks for posting it. Fortunately, we were able to spend a lot of time sitting in and otherwise examining a Model 3 at a series of trips to a nearby Tesla store, and got more and more convinced that it was the right car for us. Something about it felt right. Bei...
by wrongfunds
Fri Apr 20, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 2941

Re: Tax day come and gone.....

Please do the following as a favor to your fellow desi BH. Make a copy your tax return file. Modify it to change your RE tax bill by half in the software. Compare your tax liability. I suspect you will be surprised (shocked). I wasn't at all shocked to see that my tax bill would have increased by m...
by wrongfunds
Fri Apr 20, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10908

Re: Quitting job - what to do if getting walked to the door

Our policy is to walk employees out if they're going to a competitor OR if they refuse to disclose where they're going. Company policy can be anything. But if the departing employee tells you she is taking a break from the employment, what do you do to find out what exactly is she really going to d...
by wrongfunds
Thu Apr 19, 2018 3:58 pm
Forum: Personal Consumer Issues
Topic: Another discussion about private vs public schools?
Replies: 79
Views: 4169

Re: Another discussion about private vs public schools?

We're both PhDs. Education is very important to us and we plan on lots of enrichment when the little Nugget is home with us. Most school rankings data is bunk, and correlates very closely with household income levels. You are well-educated professionals, and your child will likely do fine in any ha...
by wrongfunds
Thu Apr 19, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 2941

Re: Tax day come and gone.....

Paid real estate tax before Dec 31 for which I had a bill with last date of payment of Jan 31. Please do the following as a favor to your fellow desi BH. Make a copy your tax return file. Modify it to change your RE tax bill by half in the software. Compare your tax liability. I suspect you will be...
by wrongfunds
Thu Apr 19, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

Here is my current fleet 1999 Odyssey 250K miles (purchased new) 1999 Camry 220K miles (purchased in 2007 with 125K already on it) 2000 Maxima 220K miles (purchased new) 2012 Acura TL 65K miles(purchased new) I am not willing to get rid of my Acura. DW drives the minivan. The other two are being use...
by wrongfunds
Thu Apr 19, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

I am the OP here. I paid the $1000 reservation deposit so that I could dream about buying Model 3. Yesterday night at 9:50pm I got the coveted invitation email which was somewhat of a shock. I even had a feeling that may be Tesla has fancy data analytics going on and found out that I had shown up at...
by wrongfunds
Wed Apr 18, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11143

Re: We crush stock indexes, Yale claims

RMD's may force undesirable trades.
How does that happen? What alternatives you are suggesting to prevent this type of situation?
by wrongfunds
Wed Apr 18, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8097

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

guaranteed by the U.S. government
May I ask what happens if in 50 years the current world order changes? Or do you believe that given the history, such an event is impossible to occur?
by wrongfunds
Wed Apr 18, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11143

Re: We crush stock indexes, Yale claims

One example I gave was RMD's. When I'm retired, I think I will keep 5 years of RMD's in cash/low risk bonds so that if a major recession/depression occurs, I'm not selling beaten down stock funds to come up with my RMD's. I doubt most even consider this at 70 1/2 unless they have a seasoned advisor...
by wrongfunds
Wed Apr 18, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes Question -- Help!
Replies: 14
Views: 933

Re: Estimated Taxes Question -- Help!

Don't take this the wrong way but if your mental health has been affected by having to come up with $2K on short notice even though you do have the money, you really need to do little bit more soul searching. To be perfectly honest, one year I too forgot that Sep 15 deadline but sent the check befor...
by wrongfunds
Wed Apr 18, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 8097

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

If the OP purchased an SPIA paying him $75k with generous inflation adjustments, he would have a safe retirement. MikeG already wrote a nice reply about it. My question to the BH community is "why there is so much emphasis on safety without really understanding the basic underlying reasoning as to ...
by wrongfunds
Wed Apr 18, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 2941

Re: Tax day come and gone.....

Do you just have a "vanilla" tax return with the bulk coming from salary and the remainder from dividends? Unless one is a business owner or has rental property I'm not sure how much benefit a tax specialist would be able to provide. +1 Heck; you could punch in the sample numbers in to an online es...
by wrongfunds
Wed Apr 18, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Tax day come and gone.....
Replies: 29
Views: 2941

Re: Tax day come and gone.....

I am waiting for other BH to chide you for not able to save even $100K on $441K of taxable income. :happy They will be telling you that at your income level you should be saving at least $200K per year :twisted:
by wrongfunds
Wed Apr 18, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Forgot AMT on taxes
Replies: 7
Views: 698

Re: Forgot AMT on taxes

But if you need Premier, then certainly doing it by hand is NOT going to be easy at all. Heck, I had to do out of state MD tax return and it took me at least 8 hours to complete the simple resident/non-resident form because the instructions were so complicated to follow or understand. And the only i...
by wrongfunds
Wed Apr 18, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 730
Views: 59016

Re: To take or not to take delivery of Tesla 3

After all, our eyes to not have lasers or radar, and we easily lose attention to our driving. I think the ultimate solution will be all cars "talk" to each other and the car scans the area for problems. I agree with you completely BUT with the caveat that processing power of our eyes and the brain ...