Search found 289 matches

by NYC_Guy
Tue Jun 18, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Maternity and Paternity leave policies
Replies: 56
Views: 3061

Re: Maternity and Paternity leave policies

I give 12 weeks paid maternity (plus another 4 weeks annual vacation). So about 4 months.

Also give 6 weeks paid paternity (plus another 4 weeks annual vacation). So about 2.5 months.
by NYC_Guy
Thu May 16, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1843

Re: How do I value wife's pension?

I’d suggest that any attempt to value it as anything other than what it is (an income stream) will require so many dubious assumptions that the result will be effectively useless. Then how do people ever make these decisions? For example, delaying SS to FRA or 70. Or accepting or rejecting a pensio...
by NYC_Guy
Thu May 16, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1843

Re: How do I value wife's pension?

So how to treat it as a currently invested/banked equivalent present amount in a way that makes sense? ...basically so I can consider it in conjunciton w my rollover IRA and 401k to see big picture better. My wife will have a pension when she retires in January. I do not consider it a part of my in...
by NYC_Guy
Thu May 16, 2019 1:04 pm
Forum: Personal Investments
Topic: Whole life policy after 19yrs
Replies: 11
Views: 816

Re: Whole life policy after 19yrs

Buying a new WL policy is almost always a poor choice (and is almost always a bad “investment”). But once you have gotten through the first 10+ years, it often makes sense to keep the policy. If the annual increases in cash value less premium payments are greater than the after-tax yield on an inves...
by NYC_Guy
Sat May 04, 2019 11:19 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11295

Re: Rarely used items that are worth having?

No doubt, a full size, dry powder fire extinguisher. Having never needed to use one, what size fire would be one be able to tackle with a household size fire extinguisher? Given my lack of experience in fighting fires, I'm probably better off picking up a phone and calling the fire company before t...
by NYC_Guy
Sat May 04, 2019 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo vs Super Conforming Mortgage
Replies: 4
Views: 683

Re: Jumbo vs Super Conforming Mortgage

No catch (usually). Some Megabanks (not all) are using jumbos (and liability management, generally) as loss leaders - or break even leaders - to secure relationships with higher net worth professionals.
by NYC_Guy
Sat May 04, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Saving passwords on iCloud
Replies: 21
Views: 2128

Re: Saving passwords on iCloud

If it’s password protected with a distinct password unrelated to other passwords you have ever used, then, as far as real world threats go, this is safe.
by NYC_Guy
Fri May 03, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 11295

Re: Rarely used items that are worth having?

Assuming we are talking about sub $1000...

No doubt, a full size, dry powder fire extinguisher. That’s actually got a charge. A 20 ga shotgun is a close second.
by NYC_Guy
Thu May 02, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: I have a buddy in Australia he says he pays for each email. I never heard of this. Is this true?
Replies: 17
Views: 3349

Re: I have a buddy in Australia he says he pays for each email. I never heard of this. Is this true?

Email is data. Email with pictures can be a lot of data. If he’s on a metered connection (eg, satellite), then, yes, each email that he uploads or downloads may increase his bill.
by NYC_Guy
Thu May 02, 2019 10:14 pm
Forum: Investing - Theory, News & General
Topic: Three things you should never do with your investments
Replies: 13
Views: 2530

Re: Three things you should never do with your investments

I would add two things to Taylor's list to make it an even ten. 9. Never mix investing with insurance/annuities. Only buy term life insurance and fixed immediate or fixed deferred annuities. 10. Never buy (whole, variable, universal, variable universal, fixed index, etc...) life insurance. Never bu...
by NYC_Guy
Thu May 02, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of home buying with all cash - need guidance
Replies: 19
Views: 2144

Re: Thinking of home buying with all cash - need guidance

One non-obvious reason to get a loan is that the bank's loan department vets the property and makes sure you aren't doing anything dumb (like buying a house in a flood zone, or with a horrible foundation, or paying more than what it is worth). It is like having a partner check your work. Ditto the ...
by NYC_Guy
Wed May 01, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: Why is VTI down & VTSAX up?
Replies: 13
Views: 716

Re: Why is VTI down & VTSAX up?

You will get the fund’s per share net asset value as of 4 pm today. And that is a composite of the final prices of all underlying securities held in the fund. In other words, mutual fund trades (buy or sell) are based on final closing prices.
by NYC_Guy
Wed May 01, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Why is VTI down & VTSAX up?
Replies: 13
Views: 716

Re: Why is VTI down & VTSAX up?

Mutual funds update once a day after market closes. ETFs show real time trading.
by NYC_Guy
Tue Apr 30, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Another Advantage of Being a Boglehead
Replies: 27
Views: 2152

Re: Another Advantage of Being a Boglehead

I sometimes wonder why people think that a Boglehead must also be a person who, for example, drives a 17 year old car or otherwise lives a life of self-abnegation. A Boglehead is someone who uses low cost, diversified, tax-efficient passive index funds in lieu of actively managed, high cost strategi...
by NYC_Guy
Fri Apr 26, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage points......they're all wrong???
Replies: 10
Views: 1880

Re: Mortgage points......they're all wrong???

In the jumbo mortgage space, particularly interest only, rate adjustable products (IO 5/1,7/1,10/1), I have seen breakeven times of under three years, excluding time value of money. My rule of thumb is a four year breakeven. That, for me, is a good, real world simplification that takes into account ...
by NYC_Guy
Tue Apr 23, 2019 10:03 pm
Forum: Personal Investments
Topic: New Three Fund Portfolio options for Fidelity Personal Retirement Annuities
Replies: 12
Views: 1285

Re: New Three Fund Portfolio options for Fidelity Personal Retirement Annuities

I’m seriously considering moving a big chunk of my fixed income portfolio into a Fidelity PRA. As I understand it, a $1 million contract invested in Fidelity VIP Bond Index would have an annual expense of 0.24% (the contract fee of 10 basis points and the fund fee of 14 basis points). A few question...
by NYC_Guy
Thu Apr 18, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life policy advice
Replies: 12
Views: 1048

Re: Whole Life policy advice

Cash them out simply because they are so small and not worth the nuisance. If the policies had a death benefit over, say, $250k, I would suggest carefully reviewing the current growth in cash value. But these are too small to be worth the trouble.
by NYC_Guy
Tue Feb 19, 2019 11:15 am
Forum: Investing - Theory, News & General
Topic: Trying to hit Robert T's factor targets in a three fund portfolio
Replies: 3
Views: 341

Re: Trying to hit Robert T's factor targets in a three fund portfolio

I will be interested to see constructive responses. Boglehead philosophy, as I understand it, is about low cost, objective/passive, stick-to-it investing. Using diversification as an ally. Taylor’s three fund portfolio is but one means to achieve that. Factor investing can be consistent with the phi...
by NYC_Guy
Thu Feb 14, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Best place to hold 6 month emergency fund?
Replies: 8
Views: 1068

Re: Best place to hold 6 month emergency fund?

I bonds for most of it.
by NYC_Guy
Mon Jan 28, 2019 11:14 pm
Forum: Personal Investments
Topic: Paying for niece/nephew tuition and AOTC
Replies: 2
Views: 447

Re: Paying for niece/nephew tuition and AOTC

You should make it a loan, not a gift. Paper it properly (a short form note is fine). Interest should be set at the AFR and it should be paid (annually is fine). If you choose to gift him a few thousand dollars in a few years to pay off the loan, that’s fine, too. A gift in the first two years will ...
by NYC_Guy
Sat Jan 19, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 153
Views: 8411

Re: What is a Boglehead funeral/burial?

dm200 wrote:
Sat Jan 19, 2019 1:23 pm
How might we apply the "Boglehead" philosophy to our funeral and burial plans/expenses?
Boglehead philosophy, in part, is to live below your means. We all have different means. So what, exactly, is your question?
by NYC_Guy
Thu Jan 10, 2019 10:51 pm
Forum: Personal Investments
Topic: American Funds (No Loads) vs Vanguard Index Funds
Replies: 30
Views: 2339

Re: American Funds (No Loads) vs Vanguard Index Funds

You are paying nearly 2% in fees. Say your expected annual return over the next ten years is 8%. You’re surrendering 25% of your return to your advisor. I would suggest that the likelihood that those particular funds outperform an index fund portfolio over the next 10 years, adjusted for that (illus...
by NYC_Guy
Wed Jan 09, 2019 10:16 pm
Forum: Personal Investments
Topic: 65 Whole life policy advice-help!
Replies: 15
Views: 1376

Re: 65 Whole life policy advice-help!

Get out now.

I’m more a fan of whole life (funded to MEC limits for seven years) than most on this board, but this is a horrible policy for you. And you are very early in the policy life. Let it lapse.
by NYC_Guy
Mon Jan 07, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 2847

Re: Balsam Hill - Defective Christmas Tree

I have ordered from this company. Why would you ever think that FedEx does inside delivery? I don’t see the issue. And I’ve replaced fuses/lights on the tree. Par for the course.
by NYC_Guy
Sat Jan 05, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3868

Re: Paying (paper) cash for daily transactions

You probably haven't noticed that folks wave a card or a phone towards cashiers now and don't have to sign anything and don't need to print a receipt either. Faster than cash. I'm not even sure that Millennials even know what paper money actually is anymore. Most Millennials I know live in a cash e...
by NYC_Guy
Sat Jan 05, 2019 7:32 am
Forum: Personal Investments
Topic: Is the 3 fund asset allocation my best option?
Replies: 42
Views: 2193

Re: Is the 3 fund asset allocation my best option?

I was 100% equity, with a large small cap value tilt, until my mid-30s. I currently have advised my children (in their 20s) to be 100% equities, with a large tilt to small cap value. I’ve even considered advising them to use a moderate amout of leverage, but ultimately decided against such advice. A...
by NYC_Guy
Sat Jan 05, 2019 5:33 am
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3868

Re: Paying (paper) cash for daily transactions

I don't consume much, so my experience is not typical. Cash is pretty convenient for my everyday uses. I generally use the self-checkout machines at my favorite grocery stores. I recently found out that those machines will accept and give change for $100 bills. They had previously noted taking up t...
by NYC_Guy
Sat Jan 05, 2019 5:28 am
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3868

Re: Paying (paper) cash for daily transactions

I wonder if the folks on this forum may skew the results of the OP's question a bit. My guess would be for them to skew results towards cash use and to dine around 5 pm :) I would have guessed the opposite. Dine at 8:30 and use a 2% to 5% cash back card. I don’t even finish up with work most nights...
by NYC_Guy
Fri Jan 04, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8608

Re: What Do You Spend The Most On Annually?

I estimate that over 60% of my gross income, in total, goes to income taxes, payroll taxes, NYC business tax, sales tax and property tax. Every other normal category of expense is an order of magnitude (or more) less than my tax expense. I own my properties without mortgage, so no mortgage interest,...
by NYC_Guy
Thu Jan 03, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: 10yr treasury < Fed Funds rate
Replies: 6
Views: 1158

Re: 10yr treasury < Fed Funds rate

Not by itself. Inverted yield curves are more a predictor of a coming recession. A credit crunch requires a series of (mis) steps by a central bank.
by NYC_Guy
Thu Jan 03, 2019 9:41 pm
Forum: Personal Investments
Topic: FSTVX or FZROX
Replies: 21
Views: 2536

Re: FSTVX or FZROX

At 1.5 basis points of expense, I would use FSKAX (the successor to FSTVX). Probably doesn’t matter, though, in a tax-advantaged account (where you don’t care about tax efficiency of the fund).
by NYC_Guy
Wed Jan 02, 2019 9:02 pm
Forum: Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5395

Re: CPA suggesting I don't contribute max to 401k this year?

My advice is to make the employee-side $19000 contribution, probably as a Roth. But not to make the employer side contribution, given a 90% equity AA. Just hold super tax efficient ETFs (Blackrock, Vanguard) or mutual funds (Vanguard). My preference for taxable accounts is ETFs, but anything that i...
by NYC_Guy
Wed Jan 02, 2019 8:53 pm
Forum: Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5395

Re: CPA suggesting I don't contribute max to 401k this year?

Not sure if you are single or MFJ It seems like there is still a slight advantage to doing the employer match. If you do the match, you are getting a tax benefit of 19.2%. The question isn't necessarily if your retirement rate will be higher or lower, but how will your retirement rate compare to th...
by NYC_Guy
Wed Jan 02, 2019 7:10 pm
Forum: Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5395

Re: CPA suggesting I don't contribute max to 401k this year?

My advice is to make the employee-side $19000 contribution, probably as a Roth. But not to make the employer side contribution, given a 90% equity AA. Just hold super tax efficient ETFs (Blackrock, Vanguard) or mutual funds (Vanguard). My preference for taxable accounts is ETFs, but anything that is...
by NYC_Guy
Wed Jan 02, 2019 5:40 pm
Forum: Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5395

Re: CPA suggesting I don't contribute max to 401k this year?

If your tax rates are likely higher in retirement, add a Roth option to your self-emp 401k and utilize that option for your employee component. The employer component is a more difficult call and also depends on whether your AA is very tax efficient (all or mostly equities).
by NYC_Guy
Sun Dec 30, 2018 1:21 am
Forum: Personal Consumer Issues
Topic: Must sees in Kauai.
Replies: 39
Views: 2521

Re: Must sees in Kauai.

The Na Pali coast - hiking to the Hanakapi’ai falls is a must. Some believe it’s the most beautiful, generally accessable hike in the U.S. I concur.
by NYC_Guy
Sun Dec 30, 2018 1:04 am
Forum: Personal Investments
Topic: TLH ITOT+IXUS -> URTH
Replies: 5
Views: 453

Re: TLH ITOT+IXUS -> URTH

I think this is fine. FYI, I tlh ITOT into IVV (S&P 500) and would tlh IXUS into IEFA. I’m not a fan of all-world index funds. Thanks for the ideas! Other than the higher ER what don't you like about the all-world funds? Inability to pick my desired allocation to international, higher fees, less ab...
by NYC_Guy
Fri Dec 28, 2018 1:45 pm
Forum: Personal Investments
Topic: TLH ITOT+IXUS -> URTH
Replies: 5
Views: 453

Re: TLH ITOT+IXUS -> URTH

I think this is fine. FYI, I tlh ITOT into IVV (S&P 500) and would tlh IXUS into IEFA. I’m not a fan of all-world index funds.
by NYC_Guy
Wed Dec 26, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: 12/26/2018 is why you don't want to TLH to cash
Replies: 14
Views: 1490

Re: 12/26/2018 is why you don't want to TLH to cash

I strongly concur. There's no reason to take the chance (unless you are intentionally market timing). Both ETFs and traditional mutual funds can be harvested without taking this risk. Have TLH pairs pre-programmed as part of your IPS.
by NYC_Guy
Wed Dec 26, 2018 2:21 pm
Forum: Personal Investments
Topic: Latest I should Tax Loss Harvest?
Replies: 14
Views: 1270

Re: Latest I should Tax Loss Harvest?

I always do a simultaneous swap. On Monday, I sold Total US, International and Small Cap Value. And purchased (within 30 secs of applicable sale) an S&P 500 fund, another International that tracks a different index, and another Small Cap Value that tracks a different index. Took me about 10 min tota...
by NYC_Guy
Wed Dec 19, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 753
Views: 80474

Re: Fidelity as a one stop shop

I have over 10 accounts at Fido (his and hers of taxable, roth ira, trad ira (for backdoor), 401k, HSAs). For extra security, we do not have ATM or checkwriting privileges on any account except a separate CMA. All wire transfers, checks and ATM withdrawals come from this separate CMA. When I need to...
by NYC_Guy
Sat Dec 15, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22840

Re: What are your property taxes?

I’m paying about $55,000 in property tax per year in NY on a $2 mm appraised property. The SALT limitation has hit my community hard, which has impacted sale price. I’m in the process of getting my home revalued (mostly due to SAlT limitation).
by NYC_Guy
Wed Dec 05, 2018 10:59 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 7341

Re: Anybody Miss the Crypto Rage on BH Forums

I have a serious investment in wine. It’s quite a liquid asset. Unfortunately, my investment manager eats (err...drinks) away at my returns. In all seriousness, my wine purchases of left bank bordeaux in the 1990s would have returned over a 6x return (over 10x in some cases). And it would have been ...
by NYC_Guy
Tue Nov 27, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 4130

Re: Electricity bill should be 7% per month of home sq footage.

I pay nearly $0.30 per kwh. 7% of sqf is a dream.
by NYC_Guy
Tue Nov 27, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: So that's why 2-day shipping isn't what I expected!
Replies: 41
Views: 5093

Re: So that's why 2-day shipping isn't what I expected!

Most of my free two-day shipments arrive in one day. Prime is awesome.
by NYC_Guy
Tue Nov 20, 2018 4:51 pm
Forum: Personal Investments
Topic: Amazon TLH Apple
Replies: 5
Views: 507

Re: Amazon TLH Apple

50% Netflix and 50% Google.
by NYC_Guy
Fri Nov 16, 2018 3:31 pm
Forum: Personal Investments
Topic: First grandchild
Replies: 21
Views: 1879

Re: First grandchild

I urge my grandparent friends not to set up 529s directly. The financial aid calculations are generally much more favorable if those accounts are parent-controlled accounts. Have your son/daughter set up the account and then you can make the contribution to that account. If you can’t trust your son/...
by NYC_Guy
Thu Nov 08, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: College graduation gift amount
Replies: 25
Views: 1928

Re: College graduation gift amount

I helped my kids with post-graduation trips before their full-time jobs started (graduation in May, jobs starting in August/September). ~6 week around the world, staying in cheap hostels. Budget airlines. If they didn’t have a job secured, I wouldn’t have funded the trips.
by NYC_Guy
Fri Nov 02, 2018 7:37 pm
Forum: Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 55
Views: 5868

Re: My Grandmother has 80% stocks

Sounds ok to me. My view is that equity allocations - generally - should go up after age ~70. Fewer years to worry about and much of the investment may be for future generations. Everyone’s situation is different, of course.