Search found 57 matches

by phisher4
Tue Apr 30, 2019 7:24 am
Forum: Personal Investments
Topic: How to specify investment direction at Fidelity HSA
Replies: 10
Views: 841

Re: How to specify investment direction at Fidelity HSA

I don't know the answer to your technical question, but Fidelity's phone customer service is usually spot-on.

I did have another question -- why wouldn't you pay your healthcare costs out of your HSA? Isn't the HSA pre-tax dollars?
by phisher4
Fri Apr 26, 2019 10:09 pm
Forum: Personal Investments
Topic: Sitting on $1.5m cash - need help
Replies: 53
Views: 14604

Re: Sitting on $1.5m cash - need help

Taking a mortgage versus buying in cash requires you to answer the following question: If I wasn't buying a house, would I be willing to borrow money to invest it in the market? Think long and hard about your decision. An intellectual, dispassionate investor may say yes. I would suspect that many of...
by phisher4
Mon Apr 01, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 4238

Any *disadvantages* to citizenship?

My wife is currently a citizen of an EU country but has a green card in the US and has worked here for years. Any financial or tax disadvantages to becoming a US citizen? We really can't think of one. She is not technically required to renounce her EU citizenship if she becomes a US citizen. Thanks ...
by phisher4
Fri Mar 29, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Taking advantage of large anticipated stock purchases
Replies: 1
Views: 208

Taking advantage of large anticipated stock purchases

I apologize but I haven't seen this discussed here before and would appreciate the boglehead hive mind's thoughs. The premise: Brokerages/administrators of large retirement plans buy billions of dollars of mutual funds each month on roughly the same day/time after payroll hits. The question: Do dayt...
by phisher4
Fri Mar 29, 2019 12:18 pm
Forum: Investing - Theory, News & General
Topic: I-bond phase-out strategy
Replies: 9
Views: 1273

Re: I-bond phase-out strategy

For various reasons, I am planning to eliminate most of my I-bond allocation. I think I have an optimal strategy for doing so, but wanted to make sure I was not missing anything... Most of the bonds to be sold are over 5 years old, so there will be no interest penalty. The ones I will sell have fix...
by phisher4
Mon Mar 25, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Practical advice on a simple tax mistake
Replies: 3
Views: 446

Practical advice on a simple tax mistake

My elderly parents neglected to tell me that they bought $1000 worth of a stock in my name 20 years ago, using their own home address as the address of record. They recently "found the paperwork," now that their investment broker is retiring. The good news: The stock is now worth $2000 and has throw...
by phisher4
Fri Feb 22, 2019 12:57 pm
Forum: Personal Consumer Issues
Topic: Comcast [Early termination fee problem]
Replies: 16
Views: 1582

Re: Comcast [Early termination fee problem]

Check to see if your "service fees" have increased during the time of your contract. In many instances Comcast will increase "regulatory fees" (which you would surmise are governmental fees, but are not). These are simply price increases and represent breach of contract, which may allow you to get o...
by phisher4
Wed Feb 06, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: Consensus on I Bonds for 2019?
Replies: 67
Views: 13391

Re: Consensus on I Bonds for 2019?

As things are now, the fixed rate is more likely to be reduced than increased on May 1st. On the other hand, the 6-month inflation data will likely be very low. Unsure whether I’ll use next April window to buy my 10k. Will probably not make sense as a short term investment; just got a 2.90% rate on...
by phisher4
Fri Feb 01, 2019 11:17 am
Forum: Personal Investments
Topic: Strategy for Selling Off Individual Stocks
Replies: 10
Views: 451

Re: Strategy for Selling Off Individual Stocks

Sell now. There are no tax implications if the stocks are in an IRA, and dividends are irrelevant. When you receive dividends, the stock should typically decrease by the amount of the dividend, so in your plan it does not matter whether you received the dividend or not. Unless you have some incredib...
by phisher4
Mon Dec 31, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How to convert someone to be a boglehead...
Replies: 18
Views: 1371

Re: How to convert someone to be a boglehead...

Did your family member ask you for advice about personal finance? +1 Even if your family member did ask for advice, tread lightly. The "boglehead way" is not a guaranteed way of success in the markets. Your family member can and will lose money (although hopefully not if he/she sticks with it long-...
by phisher4
Mon Sep 17, 2018 2:23 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 14480

Re: Considering Quitting Job - Seeking Advice. Would you do it?

What makes these posts so compelling is the schadenfreude. Either: "I make so much less than him but he's miserable." Or: "I make the same or more than him and don't work so hard." The bottom line is that the OP has lost perspective. The key to his golden handcuffs are in his pocket but he refuses t...
by phisher4
Fri Aug 17, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 126
Views: 25712

Re: The Fall of Consumer Reports

I lost all respect for CR after they laid off the staff of the consumerist, an amazing (but now defunct) milennial-run consumer-focused website.

I do believe they're toast. I'd give it another 10 years, at most, unless they get rid of Maria Tellado, the CEO, and make some other wholesale changes.
by phisher4
Fri Jul 27, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4417

Re: Yet another "can I afford it"?

A lot of bogleheads will tell you that you're priorities are misguided and your budget for a car is a luxury you can't afford to execute. You can afford to do this, but I would only caution you to take your time and spend some time driving the cars you are interested in, in addition to your researc...
by phisher4
Fri Jul 27, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4417

Re: Yet another "can I afford it"?

Income averaging ~550K/year How big of a car can I purchase with my goal of early retirement in mind? I'm thinking of a model S (80-100K), BMW 5 series (~50-60K), or a Volvo XC90 (~50-60K). You make over a half million/yr, and you don't know whether you can afford a $50K car? And also, $220k in cas...
by phisher4
Thu Jul 26, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4417

Re: Yet another "can I afford it"?

The collective wisdom and perspective of the folks that populate this group continues to astound me. Thank you... I'm a bit perplexed by the recommendation to budget 120 percent of current spending while in early retirement. While healthcare costs will increase, many other costs will decrease, inclu...
by phisher4
Thu Jul 26, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford it"?
Replies: 42
Views: 4417

Yet another "can I afford it"?

I'm reaching out to the internet masses to make me feel better about a potential purchase. While my wife feels this is somewhat silly, I really respect the boglehead community's opinion! The statistics: 1.5M allocated for retirement, divided between taxable and pre/post-tax accounts, invested 60/40....
by phisher4
Wed Jul 25, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Where can I rent a Volvo?
Replies: 21
Views: 1937

Re: Where can I rent a Volvo?

Try turo.com or similar P2P rental websites (I have never tried them but have considered doing so. Let me know if this works for you!)
by phisher4
Wed Jul 25, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying house with cash
Replies: 12
Views: 1482

Re: Buying house with cash

The only question you should ask yourself: "Would I borrow an additional 600K in order to invest it?" Because that's exactly what you're doing by taking a mortgage rather than paying cash. The intellectual, dispassionate investor may say YES. But I suspect most folks (including myself) would say NO....
by phisher4
Fri Jun 29, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 140
Views: 12083

Re: Can I buy a Tesla?

Do not buy. Live like a resident for 2-3 years, and then gradually ramp up your spending. This is the recipe for financial freedom. The power of compounding at your age is is incredible, and $60K spent today would likely mean hundreds of thousands less in retirement. You have the potential for mega-...
by phisher4
Fri Jun 29, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 140
Views: 12083

Re: Can I buy a Tesla?

A few missing pieces of information:

How old are you?
How much do you have saved for retirement?
Do you have any debt?

My inclination is to say no. But then again, I'm a random internet stranger - take it for what it's worth. :happy
by phisher4
Wed Jun 27, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 14253

Re: When did you start flying business class?

While I'm very happy you were able to get bargain-basement prices on business class, I believe you are mistaken about the emphasis of airlines and their marketing. The premium cabins subsidize the entire flight, and revenue from the premium cabin surprisingly and significantly exceeds that of the e...
by phisher4
Wed Jun 27, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 14253

Re: When did you start flying business class?

There are no instances that I can think of -- other than in the airline industry -- where the masses have been convinced to spend $1000/hour or more for temporary comfort. The "masses" have been convinced of nothing of the sort. The majority of plane real estate is still dedicated to economy and if...
by phisher4
Tue Jun 26, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 14253

Re: When did you start flying business class?

I agree that one aim of spending is to avoid discomfort. For instance, one can buy a larger home closer to the office, hire a housekeeper or personal assistant, or get a better hotel while on vacation. All of these expenditures won't get even close to $1000/hour. There are no instances that I can th...
by phisher4
Mon Jun 25, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 14253

Re: When did you start flying business class?

There is no realm of reality where I would pay $500-1000/hour to avoid temporary discomfort. Airline marketing has tricked all of us into thinking this is something worthwhile. If I had the money to burn, I would much rather pay $500-1000 for a few nights at a resort hotel at my destination, which w...
by phisher4
Wed Jun 13, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Cost-basis step-up at death
Replies: 9
Views: 1430

Re: Cost-basis step-up at death

My father's estate was small and there was no lawyer. My CPA recommends a 100% step-up, which smells wrong to me, although google offers multiple opinions. Practically speaking -- for accounts of ~500K, would the IRS care (or know) if I did things incorrectly? The total amount of stepped-up cost bas...
by phisher4
Wed Jun 13, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Cost-basis step-up at death
Replies: 9
Views: 1430

Cost-basis step-up at death

Hello all, I'm getting conflicting information from by Vanguard, my CPA, and even prior boglehead threads about this issue, so I would very much appreciate the collective wisdom of the group! The situation is straightforward: I had one joint mutual fund account with my father, and another joint acco...
by phisher4
Mon Jun 11, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 5005

Re: Best banks for checking accounts?

Do Schwab branches actually process bank transactions and provide typical banking services? -- Such as safety deposit boxes, cashier's checks, provision/collection of change, etc?

Or are the branches exclusively to sell brokerage services?
by phisher4
Fri Jun 08, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 4263

Re: Porsche Macan

If you aren't fastidiously picky with your options, send a professionally-crafted E-mail to 20+ dealerships within a reasonable radius. State that you want their best "out the door" price (including tax and tags), for a car with the criteria you want. I can vouch that this works for Lexus, Volvo, an...
by phisher4
Thu Jun 07, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Don't make the mistake I made (Telemarketing hell)
Replies: 67
Views: 9798

Re: Don't make the mistake I made (Telemarketing hell)

One way of stopping these calls is through mass action. Step 1: Don't hang up (yes, I know, but bear with me). Step 2: Engage the caller for as long as possible. Ask questions about the product. Ask the caller to hold in order to "get the credit card." Then ask more questions. It's a bonus if you ge...
by phisher4
Thu Jun 07, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Keep two disability policies?
Replies: 7
Views: 679

Keep two disability policies?

I am 40 and have a long-term disability insurance policy that my workplace provides, which replaces 60% of my current income -- an adequate amount in my current circumstances. It does not, however, survive my termination from my employer, which may or may not occur in 1-3 years, depending on the evo...
by phisher4
Mon May 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do I Still Need Disability Insurance
Replies: 6
Views: 857

Re: Do I Still Need Disability Insurance

If you have "free" or discounted disability insurance through your employer, you may consider reducing the amount of your personal policy for the duration of the time you are working with your current employer. You need to make sure that your personal policy can be restated at its old amounts if you...
by phisher4
Wed May 02, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: Buying MM fund right before distribution day!
Replies: 13
Views: 1873

Re: Buying MM fund right before distribution day!

I'm not certain this is a legitimate arbitrage opportunity, although I like your thinking!

I would very much appreciate it if the bogleheads community would share other arbitrage options don't involve credit cards. :)
by phisher4
Tue May 01, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Fiber cable on front lawn
Replies: 44
Views: 5191

Re: Fiber cable on front lawn

I had the same issue with another cable company and took to Twitter.

Pics + public embarassment on Twitter = problem solved within 1 week.
by phisher4
Mon Apr 30, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: Anyone else use AmazonSmile?
Replies: 31
Views: 3369

Re: Anyone else use AmazonSmile?

Yes, I do, but in general I'm disappointed in the amount Amazon donates, which isn't surprising given that the CEO, Jeff Bezos, is one of the world's less charitable billionaires. Just google "Bezos" and "charity," and you'll see what I mean.
by phisher4
Mon Apr 02, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Electricity as home office deduction or direct expense
Replies: 7
Views: 519

Re: Electricity as home office deduction or direct expense

I'm assuming you're a Bitcoin miner?

If so, how are you turning a profit with residential electricity prices? Your tax deduction may be a moot point once you run the numbers overall.
by phisher4
Wed Mar 28, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 18702

Re: Healthy eaters -- is this grocery budget normal to you?

The one item no one has mentioned in this thread is that food costs increase with exercise. I am a runner/marathoner and can burn 800-2000 calories extra per day, and my wife is as well. That means we eat (on average) an extra 1-2 meals worth of calories/day. Our food costs are also ~$1200/month, wh...
by phisher4
Fri Mar 23, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: CLOUD Act and the use of Mint/Personal Capital
Replies: 3
Views: 714

CLOUD Act and the use of Mint/Personal Capital

The passage of the CLOUD Act enables governments to access your industry-held cloud-based data, which includes personal finance sites like Mint and Personal Capital. I am an avid user of both, but I'm starting to think twice about it, especially given this legislation. Is this tinfoil hat thinking? ...
by phisher4
Wed Mar 07, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4861

Re: Should I "get divorced" for tax purposes (PSLF)

In my mind there are two aspects of marriage which are relevant to your situation: 1) The aspect of permanent union which is recognized by the church, your community, and your spouse. 2) The aspect of legal and financial entanglement which is recognized by the government. Quite frankly, as long as y...
by phisher4
Fri Jan 12, 2018 10:20 am
Forum: Personal Investments
Topic: Percentage of VWITX subject to AMT
Replies: 8
Views: 749

Re: Percentage of VWITX subject to AMT

VWITX hasn't had PAB's for as long as I've owned it. The High Yield Tax Exempt had some. I agree that this is the party line; and yet, the prospectus indicates that "Up to 20% of each Fund’s assets may be invested in securities that are subject to the alternative minimum tax." Is Vanguard providing...
by phisher4
Fri Jan 12, 2018 9:54 am
Forum: Personal Investments
Topic: Percentage of VWITX subject to AMT
Replies: 8
Views: 749

Percentage of VWITX subject to AMT

I'm having trouble determining what percentage of Vanguard's VWITX fund (Vanguard Intermediate Term Tax-Exempt) is subject to the AMT (alternative minimum tax). As you all may know, bonds which are classified as "private activity bonds" are subject to the dreaded AMT, thereby making funds which have...
by phisher4
Sat Nov 18, 2017 12:13 pm
Forum: Personal Investments
Topic: To buy or not to buy tax-exempt bonds?
Replies: 6
Views: 1034

Re: To buy or not to buy tax-exempt bonds?

Are you in North Carolina? The expense ratios for their muni funds are prohibitive... Suggest you determine a muni fund allocation that is comfortable and split as follows: Short ("Limited") Term: 30% Intermediate: 40% Longish: 30% If you don't love the idea of long you can lower the % or go with a...
by phisher4
Sat Nov 18, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 114
Views: 16204

Re: Should I decline Grand Prize trip because of taxes on winnings?

I had a similar situation where I won a brewery tour vacation in St. Louis, MO at Budweiser from a magazine contest. Two first-class tickets, 5 star hotel stay, and personalized tours of the brewery. Retail price: $6000. While it was initially exciting to win a prize, I declined. However, before I ...
by phisher4
Sat Nov 18, 2017 10:58 am
Forum: Personal Investments
Topic: To buy or not to buy tax-exempt bonds?
Replies: 6
Views: 1034

To buy or not to buy tax-exempt bonds?

My wife and I are in a high federal tax bracket (35%, with perhaps a bump to the 39% bracket next year). As dutiful bogleheads, we save >50% of our income. As a result we have no tax advantaged space left for bonds in order to maintain our asset allocation of 80% stocks, 20% bonds. We plan on retiri...
by phisher4
Sun Nov 12, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 3943

Re: Paying off Home mortgage, partner doubts?

Ask your wife the following question: Would you take out a new loan at 3-4 percent in order to invest in today's market? Because that's exactly what you're doing by not paying off your mortgage. One compromise is to pay off your mortgage now, see how it feels (with your increased monthly disposable ...
by phisher4
Fri Nov 03, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 114
Views: 16204

Re: Should I decline Grand Prize trip because of taxes on winnings?

I had a similar situation where I won a brewery tour vacation in St. Louis, MO at Budweiser from a magazine contest. Two first-class tickets, 5 star hotel stay, and personalized tours of the brewery. Retail price: $6000. While it was initially exciting to win a prize, I declined. However, before I d...
by phisher4
Wed Oct 11, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 22348

Re: [Boglehead vs Mr Money Mustache philosophies]

Is there a forum that represents the polar opposite of MMM/Bogleheads? I would be greatly interested in reading a spend-all-you-can/seize the day/go into debt forum.

If not, perhaps it's a good business idea. :twisted:
by phisher4
Thu Sep 14, 2017 1:40 pm
Forum: Personal Investments
Topic: New attending physician, what to do next?
Replies: 17
Views: 2346

Re: New attending physician, what to do next?

Two general pieces of advice: 1. Live like a resident for as long as you can. Ignore the salary bump and stay frugal for at least a few years! 2. Prioritize paying off your debt. The question you need to ask is: "Would I take a loan in order to invest in today's market?" Because that's exactly what ...
by phisher4
Mon Sep 04, 2017 6:51 pm
Forum: Personal Consumer Issues
Topic: Wanting a Portable Auto GPS
Replies: 65
Views: 5738

Re: Wanting a Portable Auto GPS

The GPS's that I have now are way out of date map wise. These are old so no "free" map updates. Looking for something portable so I can move from car to car or carry with me when I go to an unfamiliar airport etc. Some newer models "feature" blue tooth. I am missing something here because why would...
by phisher4
Thu Aug 24, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Case for Investing at Peaks
Replies: 29
Views: 4676

Re: Case for Investing at Peaks

One of the problems with bogleheadism is that we accept that markets are cyclical, yet we also have the paradoxical belief that the market will always rise in the long run. While long-term investing has ostensibly led to profit for the past 50+ years -- which may constitute a megatrend -- there is ...
by phisher4
Thu Aug 24, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Case for Investing at Peaks
Replies: 29
Views: 4676

Re: Case for Investing at Peaks

One of the problems with bogleheadism is that we accept that markets are cyclical, yet we also accept the paradoxical belief that the market will always rise in the long run. While long-term investing been profitable for the past 50+ years -- which may constitute a megatrend -- there is also a possi...