Search found 405 matches

by investor997
Sat Mar 09, 2019 4:33 pm
Forum: Personal Investments
Topic: Another "What to do with old 401k" Thread
Replies: 8
Views: 464

Re: Another "What to do with old 401k" Thread

Update to this... Maybe I'm over-analyzing. Feedback is appreciated. The old 401k (Fidelity) charges $62/year in recordkeeping fees, billed quarterly. The fees are disclosed in black and white and easy to find. Based on my existing balance, this is like 0.01% per year. No biggie. A fee in the range...
by investor997
Sat Mar 09, 2019 1:41 pm
Forum: Personal Investments
Topic: Another "What to do with old 401k" Thread
Replies: 8
Views: 464

Re: Another "What to do with old 401k" Thread

Update to this... Maybe I'm over-analyzing. Feedback is appreciated. The old 401k (Fidelity) charges $62/year in recordkeeping fees, billed quarterly. The fees are disclosed in black and white and easy to find. Based on my existing balance, this is like 0.01% per year. No biggie. The new 401k (Schwa...
by investor997
Wed Mar 06, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 158
Views: 9862

Re: Talk me in/out of $35k Tesla Model 3

Ok: Here's another example: BMW F10 battery failure issues: https://www.bimmershops.com/f10-5-series-common-problems-short-trip-battery-issues A lot of early owners had their batteries die in a few months, and due to the fancy software you couldn't just pop in an Autozone battery and be on your way...
by investor997
Sun Mar 03, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Runzheimer - reimbursement for driving for work
Replies: 2
Views: 430

Re: Runzheimer - reimbursement for driving for work

I think it depends on the specific plan implemented by the company. My previous job used Runzheimer (now Motus). It was a PAVR-type plan, ie fixed component and variable (mileage based). The plan required the employee to stay "compliant", which for us meant driving a car that was no more than 6 year...
by investor997
Sat Mar 02, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

The statistics don't really back the idea that BMW's and Porsche's in particular (Mercedes it's more mixed) are unreliable in recent years. Especially not compared to Tesla's state of affairs right now. Maybe in theory because of the relative mechanical simplicity of electric cars, and once and if ...
by investor997
Sat Mar 02, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

For reference my old 2010 Prius cost about $.06/ mile. Even doubling electric rates, if you had to charge at someone else’s house or a ChargePoint station, you still come out ahead. Did you get 6mo free supercharging? I don’t use it but it’s nice to have from time to time. I did get the 6mo free Su...
by investor997
Sat Mar 02, 2019 2:29 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

Investor: look into a separate meter for the M3....if you drive a lot of electric miles charged from home, the cost to install can be recaptured in a couple of years (after Edison rebate). It's not physically possible for me to install a second meter where I live (condo association) so that plan is...
by investor997
Sat Mar 02, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

I charge my car overnight at off-peak electricity rates, which SoCal Edison sells to me for $0.13/kWh. Therefore, the cost-per-mile in terms of juice is $0.035. My understanding is when you sign up for this kind of rate plan they jack up your kWh rate during the day time hours. Have you factored th...
by investor997
Sat Mar 02, 2019 2:15 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

Have you included depreciation (or cost of replacement) of the Tesla battery pack? No. Here's why: Firstly, the battery pack is under warranty for 8 years or 120K miles. Secondly, as anyone with a history of German car ownership knows, owning an Audi or BMW or Mercedes past the warranty expiration ...
by investor997
Sat Mar 02, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

OP here again. I started a new job last month. The new gig has me in the field and I'm driving MUCH more for work than I used to - 450+ work-related miles so far. Moving forward, I expect to drive at least this much for work - likely much more. Let's do a quick cost-per-mile math exercise: As I ment...
by investor997
Sat Mar 02, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Talk me in/out of $35k Tesla Model 3
Replies: 158
Views: 9862

Re: Talk me in/out of $35k Tesla Model 3

OP, I've owned my Model 3 since October. You can read all about it in another thread I started here on Bogleheads . Here are my thoughts and recommendations: Firstly, congratulations on LBYM and achieving your current financial position. With a $4M net worth and an annual income $200K+ greater than ...
by investor997
Sun Feb 24, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii
Replies: 44
Views: 2667

Re: First time to Hawaii

I've done "President's Club" trips to Maui before. My advice would be to extend your stay on the island by several days - and definitely rent a car. Consider flying in early and ending the trip with President's Club. This way you can go "cheap" early on and explore the island at your own pace, then ...
by investor997
Sun Feb 24, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Questions to Tesla owners
Replies: 24
Views: 3413

Re: Questions to Tesla owners

Here are my questions: 1. Anyone experience any of the stuff that CR pulled their recommendation for? 2. Renting a 3 for a week in 2 months, will we take to it easily or are there online things we could do first to make it easier? I picture a FAQ or how to video. 1) Not with my car. Yeah, the paint...
by investor997
Sat Feb 23, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

One other thing I'll mention - By chance, I recently started a new job that's in outside sales. I'm driving much more for work than I used to. The Tesla is perfect for this role: 1) In terms of "fuel", the cost per mile is rock bottom. With premium fuel at $3.80/gallon, a car that averages 28 MPG (B...
by investor997
Sat Feb 23, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

Glad it is working out for you OP and that you are satisfied. Was this a proactive post before the Consumer Reports diss was posted? ;-) Yours must be made fairly well because many, many are not. Tesla’s Model 3 loses coveted Consumer Reports recommendation Owner survey finds issues with paint and ...
by investor997
Sat Feb 23, 2019 3:53 pm
Forum: Personal Investments
Topic: Another "What to do with old 401k" Thread
Replies: 8
Views: 464

Re: Another "What to do with old 401k" Thread

I don't see any reason not to roll to the new plan. Do you? You might want to keep your international in Roth IRA - I'm not sure that Schwab's international is a complete fund. It sounds silly but the only substantial reason I can think of is time out of the market. My expectation is that a rollove...
by investor997
Sat Feb 23, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

OP here again. I thought I'd post a 4-month ownership update on my Model 3. These will be a fairly random collection of thoughts. I love the car. All expectations have been exceeded. Its road manners (the steering feel, the ride and the instant, smooth response of the electric drivetrain) are frankl...
by investor997
Sat Feb 23, 2019 3:06 pm
Forum: Personal Investments
Topic: Another "What to do with old 401k" Thread
Replies: 8
Views: 464

Another "What to do with old 401k" Thread

Hi all, Recently started a new job. I have a sizeable chunk of my overall portfolio invested in a 401k with my previous employer. I'm trying to decide what I should do with it - if anything. I'll state for the record that I would prefer not to roll it into a Traditional IRA as this would block my ab...
by investor997
Fri Jan 25, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Not sure how to negotiate BMW prices. Too much variability between cars offered at different dealers.
Replies: 15
Views: 1163

Re: Not sure how to negotiate BMW prices. Too much variability between cars offered at different dealers.

To get the BMW CCA discount, you have to be a member for a year. If you purchase a 3-year BMWCCA membership up front for $134, you get access to the rebate program immediately. https://www.bmwcca.org/rebate-update This is a no brainer, especially if you want to purchase something like a 5-series wh...
by investor997
Wed Jan 16, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Re: Are mega back door Roth contributions considered contributions?

I think what investor997 is missing is that each "conversion contribution" or "rollover contribution" can have both a taxable and a non-taxable component. These are treated differently when it comes to the 5 tax year clock and its penalty. I intentionally left that out with the hope that things wou...
by investor997
Wed Jan 16, 2019 12:18 pm
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Re: Are mega back door Roth contributions considered contributions?

OP here. Thank you all for the discussion. I think I have a handle on it. Key Takeaway (and what they didn't tell me ~20 years ago when first opened my Roth IRA): Maintain detailed records of all your Roth IRA contributions and conversions. They may come in very handy if you decide to retire early a...
by investor997
Wed Jan 16, 2019 12:41 am
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Re: Are mega back door Roth contributions considered contributions?

OP here again. I think I get it now. There are two ways to add money to a Roth IRA: Contributions (ie, what you deposit directly if you're under the income limits), or Conversions (Back Door and Mega Back Door). Contributions can be withdrawn at any time without tax or penalty. Conversion amounts ca...
by investor997
Wed Jan 16, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Re: Are mega back door Roth contributions considered contributions?

I agree the poster is not asking the right question, we have to guess what he means. Maybe he can clarify. OP here. I'll try to clarify my question by offering a scenario. In Year One, Joe Investor's income was under the IRS limit for Roth IRA contributions. He opened a new Roth IRA account and con...
by investor997
Tue Jan 15, 2019 7:23 pm
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Re: Are mega back door Roth contributions considered contributions?

Lots of confusion here. Let's assume you have nothing in Roth IRA. If you use the mega back door and send both your after-tax contributions and their earnings to Roth IRA, that starts a 5 tax year clock on the earnings part. The contributions are after-tax and have no clock. The earnings are a conv...
by investor997
Tue Jan 15, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: Are mega back door Roth contributions considered contributions?
Replies: 87
Views: 3013

Are mega back door Roth contributions considered contributions?

I think I know the answer to this but I'd like confirmation: Are Mega Back Door Roth IRA contributions considered "contributions" in the traditional sense? The reason I ask is because Roth IRA contributions can be withdrawn at any time without penalty, and doing so may be a way to gain access to a R...
by investor997
Wed Jan 02, 2019 6:24 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

I bought EAP at the time of purchase, why buy a Tesla without the self-driving...right? On the other hand, why buy a car that's so much fun to drive and rely on the car to drive itself, depriving yourself of the fun driving experience? OP here. I felt the same way when I bought the car: The dynamic...
by investor997
Wed Jan 02, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

We made a trip down to Long Beach last week, and expected a tough time charging with these types of reports. But all 10 times that we used the Superchargers were without waiting at any location including Fountain Valley. Maybe more Los Angeles people traveled out of town than those visiting, so usa...
by investor997
Mon Dec 31, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

OP here - slight update on my end. I decided to postpone applying for any additional credit cards for at least a month or two pending the outcome of a pair of job opportunities I'm exploring (and resulting work-related travel). Given this, I called Chase to cancel the SW card and they countered by o...
by investor997
Fri Dec 21, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3393
Views: 643540

Re: What's Your Credit Card Rewards Strategy?

I'm trying to decide between CSR and CSP. My annual spend on Travel and Dining is enough to make up the CSR's higher annual fee, but Player 2 (same household) already has a CSR. Any high-value travel benefits the CSR offers (like lounges, insurance, etc) would be used on trips we take together so it...
by investor997
Wed Dec 19, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6939

Re: Buyer's Remorse on purchasing a Mercedes

OP, Sell the car. Be prepared for a lowball offer from Carmax that's borderline insulting. Your best bet is to sell it private party. You'll net thousands more over trading it in. Get it detailed inside and out, drive it to a nice location and take lots of detailed photos. Post ads to Craigslist, A...
by investor997
Wed Dec 19, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6939

Re: Buyer's Remorse on purchasing a Mercedes

OP, Sell the car. Be prepared for a lowball offer from Carmax that's borderline insulting. Your best bet is to sell it private party. You'll net thousands more over trading it in. Get it detailed inside and out, drive it to a nice location and take lots of detailed photos. Post ads to Craigslist, Au...
by investor997
Wed Dec 19, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6939

Re: Buyer's Remorse on purchasing a Mercedes

How does paying cash avoid paying taxes? Seriously when you go to register the car don't they charge you sales/use tax in your state? Don't they also all double check bluebook type values to catch people doing fraudulent transactions? This is the second time this issue has come up in a week (WCI po...
by investor997
Mon Dec 17, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

I wouldn't be concerned. But if you are, why not pay off the 7k expenses right now? I did. My mistake was waiting until that card posted its monthly statement before paying it off. That means the $7K balance got reported to the Big Three. It'll be gone by the time next month's statement rolls aroun...
by investor997
Mon Dec 17, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

Closing the card will probably drop your score 15-25 points. It will take about 3-6 months to regain those points (at least in my experience). Paying off the 7k will raise your score 5-10 points in a month or so. It might be better to convert the Southwest card to one that doesn't have a yearly fee...
by investor997
Mon Dec 17, 2018 2:00 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6195

Re: Should I buy a Tesla?

A trade-in can make sense if you factor in sales tax, I think. If you buy a $40,000 car, but trade in a $25,000 car, you only pay sales tax on the $15,000. If you sold your car to someone else, then bought the new car, you'd pay sales tax on the full $40,000. If sales tax is 8%, trading in would sa...
by investor997
Mon Dec 17, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

My Chase credit cards provide access to my TransUnion credit score. When I click on the link to view my credit score, I get sent to https://www.chase.creditviewdashboard.com/(I'm not sure if going to that link directly will work -- try starting on your Chase account). At the bottom of that page, th...
by investor997
Mon Dec 17, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

I think you are doing the right thing. However, you are losing a huge chunk of your available credit. Are you going to buy something big soon? Also i believe Clark Howard, said Credit Karma allows your to run through scenarios to see how certain events could affect your score. Perhaps look into tha...
by investor997
Mon Dec 17, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Re: Credit utilization impact on canceling credit cards

Regardless this would all be a temporary blip on the screen, so i would move forward with getting rid of the card with an annual fee. I am curious how you are going to get out of paying the Annual Fee, are you going to fight it? I don't believe they will let you cancel the card with a balance (of t...
by investor997
Mon Dec 17, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Credit utilization impact on canceling credit cards
Replies: 22
Views: 862

Credit utilization impact on canceling credit cards

I have four credit cards with an aggregate credit limit of about $70K. One of these cards has a $30K limit and I wish to cancel it since I no longer have use for it (it's a Chase Southwest Airlines Plus VISA and I just secured my Companion Pass through the end of next year). I was just billed the An...
by investor997
Mon Dec 17, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6195

Re: Should I buy a Tesla?

So OP is upset that Tesla won't give him the opportunity to haggle on the price of a Model 3 but at the same time they're upset at the lowball trade-in offer? My advice: Never, ever trade in a car. Always sell it private party. It takes a little work but frankly it's no more than researching/negotia...
by investor997
Thu Dec 13, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Should I buy a Tesla?
Replies: 123
Views: 6195

Re: Should I buy a Tesla?

OP, you might want to review the thread I started:

viewtopic.php?f=11&t=260839

BTW - I LOVE the car, but don't count your chickens before they've hatched.
by investor997
Thu Nov 29, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Buying Used Tesla Model S? What to look for
Replies: 11
Views: 1938

Re: Buying Used Tesla Model S? What to look for

OP: My only suggestion is to develop a full understanding of what it will take for you to charge at 240V at home. If you live in a townhome/condo, there could be significant costs and/or limitations involved (city codes, working around HOAs, etc). If you live in an apartment, it could be next to imp...
by investor997
Sat Nov 24, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 67
Views: 6809

Re: Credit Card for International Travel

IMHO, boa travel rewards card is better. It carries no annual fee. And with the exception of dining, its rebates are equal or higher than the premium card. In particular, all travel purchases (airfare, hotel, car, cruise etc.) through boa travel center carry double rewards. So it's 3% rebate. The p...
by investor997
Fri Nov 23, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

Congrats investor997. The Model 3 is a great car. I am about 5 months and 7k miles into ownership. I am not sure what climate you are in but if you drive in cold weather, be ready for the reduced efficiency and range. I posted this in another forum..sample of 1..... Southern California here. I'm ho...
by investor997
Fri Nov 23, 2018 3:48 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

Another cool Tesla observation: Missing consecutive green lights, or rather getting caught at successive red lights is no longer as annoying as it used to be. With an ICE car, gas is wasted every time the brakes are used, not to mention the brakes themselves wear out and, if it's a German car, proba...
by investor997
Thu Nov 22, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 381
Views: 27831

Re: Talk me out of buying a Tesla Model 3

OP here. Happy Thanksgiving everyone. I've had the car for about three weeks now. it's exceeded expectations. I really couldn't be any happier other than a few nit-picks concerning charging but I'll soon have those addressed. I'm having a Tesla wall connector on a 240V/30A circuit installed in my ga...
by investor997
Tue Nov 20, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Home Printer
Replies: 41
Views: 1966

Re: Recommendations for Home Printer

Am I the only one who *wont* recommend Brother? I bought an inexpensive Brother laser printer about 6 years ago and now it paper jams every single time I use it.
by investor997
Tue Nov 20, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Which cars can be unlocked and started from a smart phone?
Replies: 28
Views: 1884

Re: Which cars can be unlocked and started from a smart phone?

Tesla Model 3. Well, technically speaking you can't "start" it because it's an EV but the app does have a "start" button, presumably to allow a remote user to drive it. You can also make it honk the horn, flash the lights, turn the AC or cabin heat on and remotely enable/disable valet mode and speed...
by investor997
Mon Nov 12, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3393
Views: 643540

Re: What's Your Credit Card Rewards Strategy?

TravelforFun wrote:
Mon Nov 12, 2018 7:17 pm

Why would you want to cancel SW when you're so close to 110k? According to The Points Guy, Companion Pass is the best perk in existence.

TravelforFun
I plan to cancel it *after* I hit 110K. Once the milestone is reached, the Southwest card no longer offers much value.
by investor997
Mon Nov 12, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3393
Views: 643540

Re: What's Your Credit Card Rewards Strategy?

Just got approved for the Southwest Plus Card, a personal card which will give me 40,000 points after I spend $1,000 in three months. With the Southwest business card and the personal card, I'm ready to charge a total of $10,000 on these two cards in January to get 110,000 points and hence, the Com...