Search found 44 matches

by ModifiedDuration
Wed Oct 04, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1621

Re: New job offer

I would not give notice to the current employer until you pass the physical, drug test, and background check with the new employer.

Then, two weeks notice is proper and appropriate. The new employer should understand that (if not, it would be a red flag).
by ModifiedDuration
Tue May 23, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?
Replies: 15
Views: 1862

Re: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?

Ivy League schools do not provide academic or athletic scholarships, only need based financial aid (see the Financial Aid Criteria section below)

http://www.ivyleague.com/information/psa/index
by ModifiedDuration
Tue May 23, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?
Replies: 15
Views: 1862

Re: Has anyone tried to negotiate tuition discount with a lumpsum cash payment?

In addition, the Rochester Institute of Technology and Bryn Mawr both offer a pre-paid plan- no discount, you are just locking in the current rate (no future tuition increases). https://www.rit.edu/fa/sfs/sites/rit.edu.fa.sfs/files/forms/PrepaymentAgreement%202016-2017_032116.pdf https://www.brynmaw...
by ModifiedDuration
Mon May 22, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: 529 question. Starting grad school this fall
Replies: 5
Views: 581

Re: 529 question. Starting grad school this fall

Just to mention - you are aware that in PA, if you are married, you can run $28,000 a year ($14,000 for each taxpayer) through the 529 and get a tax deduction for the $28,000, correct?
by ModifiedDuration
Sun May 21, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 Money Or Not?
Replies: 19
Views: 1982

Re: Use 529 Money Or Not?

Do you have any concerns about the generation-skipping transfer tax when you change the beneficiary of the 529 Plan account from your child to your grandchild?
by ModifiedDuration
Thu May 04, 2017 8:25 am
Forum: Personal Finance (Not Investing)
Topic: do we have too much disability insurance?
Replies: 11
Views: 1257

Re: do we have too much disability insurance?

It might be worth taking a look at group disability plans through some of the medical societies the two of you belong to.

For example, here is the AMA's disability plan:

https://www.amainsure.com/insurance-pro ... rance.html
by ModifiedDuration
Thu Apr 20, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about 529
Replies: 4
Views: 809

Re: Questions about 529

I have had a 529 help me send three kids to college, so I will take a shot at it for you: 1) Yes, 28K per child between the two parents each year without gift tax (or using a portion of your lifetime $5.45 million exclusion). 2) Correct, but just remember that you can then make no gifts to either ch...
by ModifiedDuration
Mon Apr 17, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: Best cruise
Replies: 50
Views: 4833

Re: Best cruise

This is kinda like saying "what car should I buy. By the way, I will buy it 5 years from now." I would start by haunting cruisecritic Lol :D Perfect comparison +1 for Cruise Critic and there are plenty of last minute deals for non-peak weeks. As for what cruise line, it depends on what's you're loo...
by ModifiedDuration
Thu Apr 06, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Cruise Advice???
Replies: 9
Views: 1118

Re: Cruise Advice???

The Boards at Cruise Critic would be ideal for you.
by ModifiedDuration
Fri Mar 31, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question
Replies: 18
Views: 2020

Re: Tax question

Just to be clear, the only Moving Expenses that are deductible are: Deductible Moving Expenses If you meet the requirements discussed earlier under Who Can Deduct Moving Expenses , you can deduct the reasonable expenses of: Moving your household goods and personal effects (including in-transit or fo...
by ModifiedDuration
Fri Mar 17, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Do many banks "secretly" have private deposit insurance covering excess above $250,000?
Replies: 51
Views: 6952

Re: Do many banks "secretly" have private deposit insurance covering excess above $250,000?

The Depositors Insurance Fund in Massachusetts is private insurance, not guaranteed by any government agency or entity: Q: Is the DIF a federal or state agency? A: No. The DIF is a private, industry-sponsored insurance company and is not backed by the federal government or the Commonwealth of Massac...
by ModifiedDuration
Wed Mar 15, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Help finding deceased grandparents money
Replies: 4
Views: 963

Re: Help finding deceased grandparents money

As far as your item 3: it is possible that some of their accounts have gone though the escheatment process (abandoned property that is turned over to the the state after a certain time period, usually 3 - 5 years). You can look for accounts in your grandparents names that have gone through the esche...
by ModifiedDuration
Sat Mar 04, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Using Coverdell IRA for AP exams
Replies: 3
Views: 386

Re: Using Coverdell IRA for AP exams

Only Tuition and Fees that are required for enrollment or attendance are allowed to be paid by a Coverdell. I do not think that AP exam fees would qualify under what is listed as Qualified Elementary and Secondary Education Expenses in the related IRS publication: https://www.irs.gov/publications/p9...
by ModifiedDuration
Thu Mar 02, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: College savings
Replies: 10
Views: 774

Re: College savings

I'd go 529 ESPECIALLY since the money was given for college. I wouldn't worry too much about whether or not she will go or whether or not she will get a scholarship at this point. Chances are she will go to college and chances are she won't get a full-ride merit-based scholarship. If you go with a ...
by ModifiedDuration
Tue Feb 28, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3440

Re: Physician Disability Insurance

Do insurance agents really get 50% of the first year's premium of an individual disability insurance policy as commission? I guess when you are buying an individual disability insurance policy you're not getting what you paid for - the insurance agent is the one getting what you paid for. https://ww...
by ModifiedDuration
Tue Feb 28, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3440

Re: Physician Disability Insurance

Disability insurance through the American College of Surgeons might be worth considering, due to its low cost (and it does have own surgical specialty coverage):

http://acs.amwins.com/sites/acs/files/m ... 16_web.pdf
by ModifiedDuration
Mon Feb 27, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: New role inside the company - what would you choose?
Replies: 14
Views: 2152

Re: New role inside the company - what would you choose?

I agree with the last few posters.

From everything I have seen in my career, it is better to be in a Profit Center than a Cost Center. Much more long-term career opportunity - more opportunity to grow, be promoted, obtain increased compensation, and increase potential career mobility.
by ModifiedDuration
Tue Feb 21, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiate lowball offer? (new job)
Replies: 47
Views: 4976

Re: Negotiate lowball offer? (new job)

When you say that the agency has charged at a rate of $70,000/year, I assume that was not based on the hourly billing rate times 2,080, correct? That it was based on the number of hours you would work as a full-time employee - maybe 260 work days, less 25 vacation/holiday/sick days or something like...
by ModifiedDuration
Sat Feb 04, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Banking ATM card with no international ATM fees and foreign exchange fees
Replies: 16
Views: 2439

Re: Banking ATM card with no international ATM fees and foreign exchange fees

I use Schwab's High Yield Investor Checking Account for my international travels. It is linked to a Schwab brokerage account but you don't have to fund it. No ATM fees worldwide (reimbursed), no minimums, no maintenance fees and have used it all throughout Europe and Asia with no issues. It even ea...
by ModifiedDuration
Fri Jan 27, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 44
Views: 6778

Re: Reached a milestone: $500K in Retirement Accounts

What a wonderful thread!

You are all an inspiration and a credit to this great country.
by ModifiedDuration
Fri Jan 20, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to find a <good> accountant?
Replies: 20
Views: 2580

Re: Best way to find a <good> accountant?

You might be interested in a CPA with the Personal Financial Specialist credential:

http://www.aicpa.org/INTERESTAREAS/PERS ... ntial.aspx
by ModifiedDuration
Thu Jan 19, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 52
Views: 8643

Re: ok to pull plug and retire?

Livesoft - thank you for posting that link. There is a lot of very interesting material there.
by ModifiedDuration
Wed Jan 18, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: 2010 Honda Accord Question
Replies: 9
Views: 1150

Re: 2010 Honda Accord Question

We have a 2009 Honda Accord and did have the Excess Oil Consumption Issue. Honda rebuild the engine and put in new piston rings. That solved the problem. http://www.consumerreports.org/cro/news/2015/05/honda-accord-cr-v-warranties-extended-for-excess-oil-consumption/index.htm Besides that issue, it ...
by ModifiedDuration
Tue Jan 17, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 45
Views: 5749

Re: If I decide to overpay on mortgage payment

Yes, dm200 and CAsage are correct on this one.
by ModifiedDuration
Sat Jan 07, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?
Replies: 36
Views: 2238

Re: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?

Big Dog wrote:college confidential will have everything you have ever wanted to know about college admissions.

Good luck.
Great advice to go to the college confidential website.
by ModifiedDuration
Mon Jan 02, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: My niece got accepted to Georgetown and we may have to pay for it.
Replies: 58
Views: 7781

Re: My niece got accepted to Georgetown and we may have to pay for it.

There are many people on the College Confidential forums that have a lot of knowledge on these types of situations. In your case, particularly in the Financial Aid and Scholarships forum. I think that you would find the people there to be very helpful. If I am allowed to post the link: http://talk.c...
by ModifiedDuration
Sat Dec 24, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Las Vegas - should I do anything?
Replies: 34
Views: 3939

Re: Las Vegas - should I do anything?

I was going to suggest taking a look at the Trip Advisor website for Las Vegas attractions: https://www.tripadvisor.com/Attractions-g45963-Activities-Las_Vegas_Nevada.html Also, we liked this tour of a mine: http://www.eldoradocanyonminetours.com/mine-tours.html I was also going to suggest the Hoove...
by ModifiedDuration
Fri Dec 23, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Federal Reserve - how does their pension differ from regular FERS?
Replies: 3
Views: 871

Re: Working for the Federal Reserve - how does their pension differ from regular FERS?

You are correct. It looks like Congress has almost the same enhanced plan that FERS participants who are Air Traffic Controllers, Firefighters, Law Enforcement Officers, Capitol Police, Supreme Court Police, and Nuclear Materials Couriers have. Plus a little extra kicker for Congress, too. Thanks! I...
by ModifiedDuration
Fri Dec 23, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Federal Reserve - how does their pension differ from regular FERS?
Replies: 3
Views: 871

Re: Working for the Federal Reserve - how does their pension differ from regular FERS?

This explains the forumula. It is from several years ago and I do not know if the formula has changed since then. It was 1.3% times years of service up to the socical security integration level ($127,200 in 2017) and 1.8% times years of service for any amount above the social security integration le...
by ModifiedDuration
Fri Dec 23, 2016 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: depositing checks over the $250k FDIC limit
Replies: 13
Views: 1469

Re: depositing checks over the $250k FDIC limit

To clarify (correct) some posts that are not correct: 1. If all accounts at one FDIC insured bank are individual, it it the total that counts. Anything over $250,000 is not FDIC insured. 2. Account(s) at an FDIC insured bank that are joint with 2 joint owners are FDIC insured to $500,000 3. An indi...
by ModifiedDuration
Wed Jul 13, 2016 11:31 am
Forum: Personal Consumer Issues
Topic: What to do around Vegas during Winter?
Replies: 21
Views: 2158

Re: What to do around Vegas during Winter?

We enjoyed going on this tour of an old mine, but not everyone would enjoy something like this:

http://www.eldoradocanyonminetours.com/index.html
by ModifiedDuration
Fri Jun 17, 2016 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Factors to Consider in a Pre-IPO Liquidity Event
Replies: 7
Views: 697

Re: Factors to Consider in a Pre-IPO Liquidity Event

Also remember that to get long-term capital gain treatment on the ISO you must sell at least two years after the grant date of the option.
by ModifiedDuration
Wed Feb 24, 2016 4:24 pm
Forum: Investing - Theory, News & General
Topic: 2016 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 118
Views: 21379

Re: 2016 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Sorry, it was just a joke.
by ModifiedDuration
Wed Feb 24, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: 2016 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 118
Views: 21379

Re: 2016 BOGLEHEADS CONFERENCE ANNOUNCEMENT

As some people appear to be holding something (admission to the 2106 Bogleheads Conference) that other people may value (those on the waitlist), perhaps I should set up a market to allow individuals to buy and sell admission to the Conference? Assuming that is Ok with Mel, etc., of course. I would j...
by ModifiedDuration
Wed Jan 20, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Superfunding 529 and Tax Reporting
Replies: 5
Views: 1224

Re: Superfunding 529 and Tax Reporting

You need to file Form 709. See Schedule A (page 2): you would check the box next to Item B when filling out the form:

https://www.irs.gov/pub/irs-pdf/f709.pdf
by ModifiedDuration
Tue Dec 29, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer - Re-negotiate offer?
Replies: 25
Views: 2975

Re: Job Offer - Re-negotiate offer?

......and I always thought that John S. Gray was the first President of the Ford Motor Company.
by ModifiedDuration
Tue Dec 29, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: New Provisions for 529 Plans
Replies: 2
Views: 731

New Provisions for 529 Plans

If anyone has a student in college or approaching college, this may be of interest. On December 18, President Obama signed the Protecting Americans from Tax Hikes Act (PATH). The changes to 529 Plans include: Computers, laptops and other related technology are now a Qualified Higher Education Expens...
by ModifiedDuration
Sun Dec 06, 2015 8:08 am
Forum: Investing - Theory, News & General
Topic: SP500, total stock, total bond funds with longest history
Replies: 9
Views: 969

Re: SP500, total stock, total bond funds with longest history

Since the S&P 500 makes up such a large percentage of the total stock market and since there is such a high correlation between the S&P 500 and the total stock market, it is your overall asset allocation decisions that will have a much bigger impact on your total return rather than if you are in the...
by ModifiedDuration
Sun Dec 06, 2015 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Equity Allocation in Retirement - Accounting for Pensions/SS
Replies: 16
Views: 1775

Re: Equity Allocation in Retirement - Accounting for Pensions/SS

You should, but when I speak to people most don't account for pensions and social security when doing asset allocation. A lot more to be considered here than just 100 - age; such as an individual's risk tolerance, liquidity constraints, tax issues, any legal or regulatory issues, and any unique circ...
by ModifiedDuration
Sat Dec 05, 2015 9:52 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Federal Money Market Fund Reopened - MUST USE]
Replies: 77
Views: 9896

Re: Vanguad Brokerage settlements

Yes, it is a standard boilerplate statement, and while I doubt there is much of a quantifiable difference in the risk in this Federal Money Market fund and that of a FDIC bank account, I was surprised by this statement on the funds info page: https://personal.vanguard.com/us/funds/snapshot?FundId=0...
by ModifiedDuration
Sat Dec 05, 2015 8:06 pm
Forum: Investing - Theory, News & General
Topic: Statistics "R" [Programming language for portfolio analysis]
Replies: 25
Views: 3036

Re: Statistics "R" [Programming language for portfolio analysis]

Well, I can see that I won't be involved in these threads. These programming languages are way past me. I'm not that smart. Some of us believe that is why they invented quants. :happy ....and you do this for your personal investment portfolios!? You're a batch of rocket scientists! I'd be more comfo...
by ModifiedDuration
Sat Dec 05, 2015 5:47 pm
Forum: Investing - Theory, News & General
Topic: Statistics "R" [Programming language for portfolio analysis]
Replies: 25
Views: 3036

Re: Statistics "R" [Programming language for portfolio analysis]

Are you asking about the Coefficient of determination (R^2) (Goodness of fit), which is useful for multifactor investing and described here: Fama-French three-factor model analysis ? Or, are you asking about correlation between asset classes? Thank you very much for your reply! I was thinking of th...
by ModifiedDuration
Sat Dec 05, 2015 4:54 pm
Forum: Investing - Theory, News & General
Topic: Statistics "R" [Programming language for portfolio analysis]
Replies: 25
Views: 3036

Re: Statistics "R"

Wait a sec. I'm new here.

Are you folks talking about R values, as in correlation coefficients? If so, I am in awe of people who would calculate R values for their own personal investment portfolios. Absolutely in awe.