Search found 119 matches

by ThriftyPhD
Thu Oct 19, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?
Replies: 18
Views: 1188

Re: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?

To even begin to answer that, you would need to know how many funds have come into existence in the last thirty years. You having a run of 10 heads in a row when flipping a coin 100 times is unlikely. If a million people fill a coin 100 times, it is very likely that at least one will have a run of ...
by ThriftyPhD
Wed Oct 18, 2017 2:44 pm
Forum: Investing - Theory, News & General
Topic: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?
Replies: 18
Views: 1188

Re: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?

To even begin to answer that, you would need to know how many funds have come into existence in the last thirty years. You having a run of 10 heads in a row when flipping a coin 100 times is unlikely. If a million people fill a coin 100 times, it is very likely that at least one will have a run of ...
by ThriftyPhD
Wed Oct 18, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?
Replies: 18
Views: 1188

Re: Odds against Renaissance Medallion Fund if Efficient Markets Hypothesis is valid?

To even begin to answer that, you would need to know how many funds have come into existence in the last thirty years. You having a run of 10 heads in a row when flipping a coin 100 times is unlikely. If a million people fill a coin 100 times, it is very likely that at least one will have a run of 1...
by ThriftyPhD
Fri Oct 13, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: pay taxes from long term gains on a taxable account
Replies: 18
Views: 1320

Re: pay taxes from long term gains on a taxable account

1040-ES is very easy to use. It can be done online , only a couple pages with minimal info. The other option is to increase withholding on your W4. Don't forget state taxes if that's an issue for you too. ok! wow! I walked through the steps.. and does look easy! thanks! since I only made this money...
by ThriftyPhD
Fri Oct 13, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: pay taxes from long term gains on a taxable account
Replies: 18
Views: 1320

Re: pay taxes from long term gains on a taxable account

1040-ES is very easy to use. It can be done online , only a couple pages with minimal info. The other option is to increase withholding on your W4. Don't forget state taxes if that's an issue for you too. ok! wow! I walked through the steps.. and does look easy! thanks! since I only made this money...
by ThriftyPhD
Fri Oct 13, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: pay taxes from long term gains on a taxable account
Replies: 18
Views: 1320

Re: pay taxes from long term gains on a taxable account

1040-ES is very easy to use. It can be done online, only a couple pages with minimal info. The other option is to increase withholding on your W4. Don't forget state taxes if that's an issue for you too.
by ThriftyPhD
Thu Oct 12, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Tesla roof deposit: Anyone paid one?
Replies: 16
Views: 2071

Re: Tesla roof deposit: Anyone paid one?

Another option are the more traditional solar panels. https://www.tesla.com/solarpanels or http://www.solarcity.com/residential/solar-panels They might be cheaper than the powered shingles, though obviously with a different look. The solarcity panels do tend to look a lot nicer than some of the inst...
by ThriftyPhD
Thu Oct 12, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5772

Re: How young is too young to retire.

Under average or better market conditions by 45 our investments will more than cover our expenses via the 4% rule completely ignoring my pension and our social security. For one, the 4% 'rule' isn't really a rule as much as a rule of thumb. Worth reading up on Safe Withdrawal Rates . Note that in g...
by ThriftyPhD
Thu Oct 12, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5772

Re: How young is too young to retire.

Under average or better market conditions by 45 our investments will more than cover our expenses via the 4% rule completely ignoring my pension and our social security. For one, the 4% 'rule' isn't really a rule as much as a rule of thumb. Worth reading up on Safe Withdrawal Rates . Note that in g...
by ThriftyPhD
Thu Oct 12, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I contribute to a spousal IRA?
Replies: 5
Views: 360

Re: Can I contribute to a spousal IRA?

See Non-deductible Traditional IRA . A Backdoor Roth is making a non-deductible contribution to a traditional IRA, and then convert that IRA to a Roth IRA. Income phaseouts (MAGI) for deductibility in a traditional IRA for married filing jointly (MFJ) are $99,000-$119,000 if she is covered by an emp...
by ThriftyPhD
Wed Oct 11, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 842

Re: Adding money to 401K/403b late in the year.

Yes, each plan can have it's own limit. 10% seems low. Only people making $180k+ can max their pre-tax 401k. Who would put such a limit in place? :annoyed 10% does seem low. Perhaps the husband is a Highly Compensated Employee (HCE) and therefore is being limited due to nondiscrimination testing.
by ThriftyPhD
Wed Oct 11, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Adding money to 401K/403b late in the year.
Replies: 18
Views: 842

Re: Adding money to 401K/403b late in the year.

Yes, each plan can have it's own limit.
by ThriftyPhD
Wed Oct 11, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13676

Re: [Boglehead vs Mr Money Mustache philosophies]

phisher4 wrote: ↑
Wed Oct 11, 2017 7:18 am
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:
Facebook/Instagram.
by ThriftyPhD
Tue Oct 10, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5539

Re: Anesthesiologist Advise [how to save money]

Folks telling someone earning $25K/mo. to live frugally, drive a beater car, and move to a cheaper place in SF? I thought I've seen it all. This gentleman/lady has obviously demonstrated their ability to earn a high income, and worked hard for it. Now they are expected to scrounge and save? Do you ...
by ThriftyPhD
Tue Oct 10, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Moving Stroke Victim Out of State
Replies: 23
Views: 1995

Re: Moving Stroke Victim Out of State

In addition to turning off the water, you need to winterize your plumbing, such as the toilets and sinks. Some things need to be drained, and others need antifreeze in the traps. Turn off, unplug the fridge and leave it wedged open (closed fridges get moldy). There are probably a ton of things speci...
by ThriftyPhD
Mon Oct 09, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Windfall and advice
Replies: 45
Views: 3495

Re: Windfall and advice

If i did continue diy, why not keep current allocation? 40% Total, 25% international, 10% small caps, 10% reit, 15% bond The allocation is completely up to you, based on your comfort level. No need to change, but you've suggested that you feel your bond allocation is low, and then expressed worry a...
by ThriftyPhD
Mon Oct 09, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Windfall and advice
Replies: 45
Views: 3495

Re: Windfall and advice

If i did continue diy, why not keep current allocation? 40% Total, 25% international, 10% small caps, 10% reit, 15% bond The allocation is completely up to you, based on your comfort level. No need to change, but you've suggested that you feel your bond allocation is low, and then expressed worry a...
by ThriftyPhD
Sun Oct 08, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Password Protection
Replies: 52
Views: 3121

Re: Password Protection

Thanks, everyone, for responding to my question - things make a lot more sense now. I now realize that transitioning to a password manager is a much bigger task than I thought - needing to change the passwords for all of my sights, then install the program on my wife's computer and my computer and ...
by ThriftyPhD
Sun Oct 08, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: PostDoc Grant - No W/H, Didn't Pay Estimated Taxes
Replies: 20
Views: 1746

Re: PostDoc Grant - No W/H, Didn't Pay Estimated Taxes

As a different perspective, realize that audit rates are below 1% and focused on high income filers. You are very likely safe if you report all easily reconciled w2, 1099, etc. forms reported to the IRS. Use tax software and report only what is easily flagged. We live in a world where a hedge fund ...
by ThriftyPhD
Sat Oct 07, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Password Protection
Replies: 52
Views: 3121

Re: Password Protection

Furthermore, even if a particular website spectacularly screws up and puts your password in plain text (hopefully not a bank) this will not do a hacker that discovers this any good comprising any other accounts you have since the password manager can store a completely unique password for each one ...
by ThriftyPhD
Sat Oct 07, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: buy home with 10% or 20% down in this situation?
Replies: 17
Views: 1329

Re: buy home with 10% or 20% down in this situation?

I would try to explore other options than taking out of retirement accounts. As ResearchMed mentioned, if you take it out of your retirement accounts you lose that tax-deferred space in addition to the penalties. Can your 457b or 403b contributions be reduced for now? That could increase cash flow. ...
by ThriftyPhD
Sat Oct 07, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: Relative Importance of Savings Rate, Asset Allocation, and Investment Selection
Replies: 21
Views: 1697

Re: Relative Importance of Savings Rate, Asset Allocation, and Investment Selection

The percentages are going to change based on what life stage you're at. First few years of work, your saving rate and LBYM are probably the biggest driver of growth. As your assets grow and your earnings start to outpace your investments, your choice of AA would start to matter more. As you retire, ...
by ThriftyPhD
Fri Oct 06, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help cleaning up 401k
Replies: 4
Views: 289

Re: Help cleaning up 401k

Is your desired AA 80/20 then? If you haven't read already: https://www.bogleheads.org/wiki/Three-fund_portfolio Also worth reading: https://www.bogleheads.org/wiki/Thrift_Savings_Plan The expense ratios in your 401k would matter for choosing the exact portfolio. I might start by putting the full 20...
by ThriftyPhD
Fri Oct 06, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help cleaning up 401k
Replies: 4
Views: 289

Re: Help cleaning up 401k

To treat your complete portfolio, it's good to know rough amounts for the accounts (for example, equal amounts in TSP as in the 401k?). Also, what other options does your 401k have, and what are the expense ratios. How much are you contributing per year. Please see https://www.bogleheads.org/forum/v...
by ThriftyPhD
Fri Oct 06, 2017 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Re: Mega Backdoor Roth questions and is it worth it?

Ah, I misinterpreted, sorry for the confusion.
by ThriftyPhD
Fri Oct 06, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paper checks, how safe are they?
Replies: 31
Views: 1861

Re: Paper checks, how safe are they?

We write very few checks. Many of the situations where we need to write a check, we do it through online bill pay, and the bank mails a check off to them on our behalf (if they're not already a merchant set up for electronic payment). Saves on the cost of a stamp, cost of the check, and cost of the ...
by ThriftyPhD
Fri Oct 06, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth questions and is it worth it?
Replies: 9
Views: 658

Re: Mega Backdoor Roth questions and is it worth it?

she would end up with about $1500 in after-tax contributions. If it is just a matter of getting an extra $1500/yr into a Roth or not while you are saving $100K+/yr, then who cares. Don't sweat it. Regardless, that small amount going to a Roth or to a tax efficient index fund in a taxable account, m...
by ThriftyPhD
Thu Oct 05, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 218
Views: 25201

Re: Retirement Account Stolen by Identity theft

awful story, thanks for sharing the details. Since the new account is in father's name, I wonder if he/you can just "steal it back". Probably best to leave this to the Police at this stage. But make sure to keep on them to make sure things are progressing. OP, thanks for sharing this experience, it...
by ThriftyPhD
Thu Oct 05, 2017 8:11 pm
Forum: Personal Consumer Issues
Topic: Garage door opener on last leg
Replies: 32
Views: 2715

Re: Garage door opener on last leg

Had a pair of old chain-drive foundation-shakers die at the same time. Replaced them with Chamberlain belt drive (very quiet) units with battery backup, keypads, etc. Much quieter than the old openers. Paid to have them installed so I'm not sure how much of a pain the install is.
by ThriftyPhD
Thu Oct 05, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to buy TOO LITTLE house? Is buying a home in a HCOL actually cheaper than a LCOL?
Replies: 14
Views: 1249

Re: Is it possible to buy TOO LITTLE house? Is buying a home in a HCOL actually cheaper than a LCOL?

I have an older coworker who bought in Massachusetts west of 495 in one of the "dark green" towns about 20 years ago. His payment is very low, but did he make the right decesion? If he stretched 20 years ago and bought in a town with closer proximity to Boston like Newton, Needham, etc. he would ha...
by ThriftyPhD
Thu Oct 05, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to buy TOO LITTLE house? Is buying a home in a HCOL actually cheaper than a LCOL?
Replies: 14
Views: 1249

Re: Is it possible to buy TOO LITTLE house? Is buying a home in a HCOL actually cheaper than a LCOL?

I have an older coworker who bought in Massachusetts west of 495 in one of the "dark green" towns about 20 years ago. His payment is very low, but did he make the right decesion? If he stretched 20 years ago and bought in a town with closer proximity to Boston like Newton, Needham, etc. he would ha...
by ThriftyPhD
Wed Oct 04, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficiency Bucket Question (Bonds in Tax Advantaged or Taxable Account)
Replies: 5
Views: 330

Re: Tax Efficiency Bucket Question (Bonds in Tax Advantaged or Taxable Account)

If you treat all of your accounts as one portfolio, you can spend stocks in taxable and rebalance in tax advantaged to maintain your asset allocation. A simple example. You have a 401k with $100k, and a taxable account with $100k. You want a 50:50 stock:bond balance. $100k stocks in taxable. $100k b...
by ThriftyPhD
Tue Oct 03, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I forego a backdoor Roth IRA?
Replies: 13
Views: 1220

Re: Should I forego a backdoor Roth IRA?

If your 401k allows after tax contributions and in service non hardship withdrawals or conversions, you could do a Mega Backdoor Roth https://www.bogleheads.org/wiki/After-tax_401(k)

It would avoid the pro rata rule on your IRAs, and also allow you to contribute more.
by ThriftyPhD
Tue Oct 03, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Repair costs vs Getting a new car
Replies: 11
Views: 726

Re: Repair costs vs Getting a new car

Get a quote not by the dealer, could be substantially less.
by ThriftyPhD
Tue Oct 03, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 3297

Re: Cash in a local bank or credit union

What are you using it for? For actual banking, bill pay, checks, direct deposit? Or just an emergency stash of cash? At $1k, probably not worth the hassle, could just keep the $1k at home. Does Capitol One let you take money out at ATMs? I try to limit the number of accounts I have, so if it's not s...
by ThriftyPhD
Tue Oct 03, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Amazon Fresh & the value of your time
Replies: 25
Views: 2735

Re: Amazon Fresh & the value of your time

To add another data point, we've been trying out Fresh the past few weeks. After three deliveries, all have arrived in the delivery window, and have been well packaged. As for price, the per item cost is about the same, if not cheaper than the local grocery chain. The selection is better for what we...
by ThriftyPhD
Mon Oct 02, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: New Employer - 401k Contributions
Replies: 4
Views: 287

Re: New Employer - 401k Contributions

What is the maximum percentage per paycheck that her plan allows? How many paychecks will there be between her eligibility and the end of the year? I would call the plan administrator and ask these questions.
by ThriftyPhD
Sun Oct 01, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 5999

Re: Is it a waste of money having your furnace checked every year?

The answers are going to vary greatly based on type of furnace and geographical region. Someone in the northeast with oil heat is going to recommend yearly service because oil heat is dirtier and needs more frequent cleaning, and not having heat is a danger for both human health and property damage ...
by ThriftyPhD
Sat Sep 30, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16233

Re: 3 Comma Club - Still Working and LBYM

Three comma club is $1 billion. $1,000,000,000. While $15 million is impressive, you've got a little ways to go :).
by ThriftyPhD
Sat Sep 30, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: How Often Should I Have Chimney Cleaned (New England)?
Replies: 17
Views: 1656

Re: How Often Should I Have Chimney Cleaned (New England)?

CSIA (Chimney Safety Institute of America) suggests yearly. Partly for the cleaning, partly for the inspection. Most places seem to do a Level 1 inspection when performing a cleaning. Like all things, probably best to perform regular maintenance so that problems don't occur, or are caught when they...
by ThriftyPhD
Fri Sep 29, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advice + Backdoor Roth
Replies: 5
Views: 855

Re: General advice + Backdoor Roth

Is there a reason why you will want to move the 401k? High fees or poor options? If rolled to a traditional IRA, it would impact the pro rata rule of the backdoor Roth process. Perhaps your new employer will have a 401k you could roll your old 401k into, or just leave it in the current 401k. As for ...
by ThriftyPhD
Fri Sep 29, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401k to Roth IRA
Replies: 4
Views: 432

Re: 401k to Roth IRA

A backdoor roth converts non deducted traditional IRA money, so you only pay taxes on the growth.

If your 401k is all pre-tax money, you would need to pay taxes on the entire amount, not just the growth.
by ThriftyPhD
Fri Sep 29, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Why do people put/keep millions of dollars in investment accounts?
Replies: 66
Views: 8232

Re: Question: Why do people put/keep millions of dollars in investment accounts?

What are the alternatives? Cash won't keep up with inflation, so you effectively lose money by holding cash. I have to comment on this, because people say this all the time and it's somewhat misleading. Obviously, physical cash, paper currency, a fixed number of dollars that earns no interest will ...
by ThriftyPhD
Fri Sep 29, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: IPOs and Total Market
Replies: 4
Views: 288

Re: IPOs and Total Market

Many funds contain a 'cash' allocation. For example, according to this, Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is 0.84% cash.
by ThriftyPhD
Thu Sep 28, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Propane Stove For Earthquake Kit
Replies: 24
Views: 1402

Re: Propane Stove For Earthquake Kit

When the power is out we run ours outdoors on the deck. That said, I don't think that monoxide is an issue with a propane stove . That's because propane cookstoves are common in cabins. I was in Seattle some years ago when there was a spate of monoxide deaths during a storm. IIRC most of those were...
by ThriftyPhD
Tue Sep 26, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Selling Taxable to Top of Bracket: What does it mean?
Replies: 33
Views: 3706

Re: Selling Taxable to Top of Bracket: What does it mean?

I am trying to figure out what it means to say take Roth Conversions up to the top of the 10% bracket Probably a lot less complicated than I have made it out to be: If my Federal Tax, after my Roth Conversions, is $932 (10% of the top of the bracket amount of $9,325), then I have taken conversions ...
by ThriftyPhD
Mon Sep 25, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: DIY gas fire pits. Propane or Natural Gas?
Replies: 13
Views: 1069

Re: DIY gas fire pits. Propane or Natural Gas?

You can get larger propane tanks. I've seen people getting 100 lb tanks filled. They're obviously taller so you would need to make sure they would fit in whatever space you have available for them. I'm leaning towards propane for a first install and if I tire of it I can always upgrade later. Burner...
by ThriftyPhD
Mon Sep 25, 2017 7:38 am
Forum: Personal Consumer Issues
Topic: Home security advice
Replies: 15
Views: 1634

Re: Home security advice

I have amcrest IP poe cameras scattered around my house. They record 24x7 to a synology NAS. Again...its not going to stop anyone from getting it. Its more of a deterrent. And if someone does rob the place I can hopefully get some video of them to help the police catch the thieves. While this is so...
by ThriftyPhD
Fri Sep 22, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5375

Re: $3.6 million at age 25 - need investment advice

Congrats! Have you read Managing a Windfall ? Main things I would say are take your time, and don't tell anyone. I would treat this like winning the lottery. You could easily live quite comfortably with this money, but it could also be spent within a couple years if not managed correctly. Read the w...
by ThriftyPhD
Fri Sep 22, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: can I rely solely on the value of my home to retire?
Replies: 25
Views: 2870

Re: can I rely solely on the value of my home to retire?

When will you be retiring? If values doubling every 4 years was a guaranteed thing, why wouldn't everyone buy property in your area? If your only retirement savings was your home value, what would you do if your home value went down substantially?