Search found 865 matches

by ThriftyPhD
Wed Apr 15, 2020 12:31 pm
Forum: Personal Consumer Issues
Topic: There seems to be a big market for home fitness equipment
Replies: 24
Views: 1362

Re: There seems to be a big market for home fitness equipment

This has made it clear that some people do get their money's worth out of gym membership. We hear about those who sign up and never use it. There are some who use it religiously and have to improvise when it is taken away. I don't think you can draw that conclusion. While I'm sure there are plenty ...
by ThriftyPhD
Wed Apr 15, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30528

Re: My theory about FIRE

But the part I don't get is all the promising smart people (which you have to be to be able to attain FI early) that go into careers that they hate and suffer through them for a decade or two, so they can "retire early" to do something else (that's still productive). It just makes no sense to me at...
by ThriftyPhD
Mon Apr 13, 2020 7:56 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 30528

Re: My theory about FIRE

Many will point out that the 'FI' is the big goal, which enables the 'RE' as an option. You're right in that 'retire early' doesn't mean you have to restrict yourself to golf and shuffleboard. Many use the term to mean retiring from the high paying career and taking positions that don't pay much but...
by ThriftyPhD
Mon Apr 13, 2020 7:44 pm
Forum: Non-US Investing
Topic: No need to invest for Europeans?
Replies: 119
Views: 6370

Re: No need to invest for Europeans?

To answer your question, I´d say it depends on the cost of this independence. I am in the top 15 % of earners in my country and by living very frugally, without supporting a family, I can save about 50 % of my net income. This means that after taxes and various mandatory insurances, I only consume ...
by ThriftyPhD
Fri Apr 03, 2020 1:27 pm
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 125
Views: 9407

Re: Do you want to own the whole haystack when someone has a blowtorch?

Prettyfrtnt wrote:
Fri Apr 03, 2020 12:23 pm
I feel I have as a physician very specific epidemic knowledge ahead of the market.
I'm sure there are a more than a few MDs working into their 70s and 80s after using their medical knowledge to guide their investments.
by ThriftyPhD
Mon Mar 23, 2020 11:06 am
Forum: Personal Consumer Issues
Topic: old (dry) pasta
Replies: 29
Views: 2054

Re: old (dry) pasta

Is it in the original box? If so, I would be surprised if there's not an expiration date, though it might be hard to find. Usually they last a long time stored at room temp, I'm assuming even longer in the fridge. https://www.eatbydate.com/grains/pasta-shelf-life-expiration-date/ This says it should...
by ThriftyPhD
Mon Mar 23, 2020 11:01 am
Forum: Investing - Theory, News & General
Topic: Which industry is most likely to survive CoronaCrash?
Replies: 14
Views: 892

Re: Which industry is most likely to survive CoronaCrash?

Agriculture, we all have to eat... Of course, it all depends what is meant by survive. You're right in that we will have agriculture, but we might see some big shakeups within agriculture. Many farmers were struggling before. With a quick increase in demand, that could be a shot of money that is mu...
by ThriftyPhD
Thu Oct 17, 2019 8:00 pm
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 11735

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

All I can see from the outside is a simple iteration of the exact same product from 5+ years ago with a slightly faster CPU, slightly more RAM, slightly more disk space, slightly better camera, etc. Atleast for the past 5 years they all use the latest iOS so there isn't any difference except in wha...
by ThriftyPhD
Thu Oct 17, 2019 7:25 pm
Forum: Personal Investments
Topic: Is a 6 month T-Bill a bond for AA purposes?
Replies: 19
Views: 1637

Re: Is a 6 month T-Bill a bond for AA purposes?

T-Bills and CDs are a form a fixed income. T-Bills have a duration of less than 52 weeks. They, and CDs that have duration less than a year, could be considered a short term bond. https://www.bogleheads.org/wiki/United_States_Treasury_security Even among 'bonds', you have a difference in duration. D...
by ThriftyPhD
Sat Oct 05, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

Bad checks. People write bad checks all the time and it's a pain to deal with. When you get cash you know you got paid and don't need to try and collect on a bad check. Bad checks, at a residence? When many states make it very easy for contractors to put a lien on a property? We're not talking abou...
by ThriftyPhD
Sat Oct 05, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

Bad checks. People write bad checks all the time and it's a pain to deal with. When you get cash you know you got paid and don't need to try and collect on a bad check. Bad checks, at a residence? When many states make it very easy for contractors to put a lien on a property? We're not talking abou...
by ThriftyPhD
Sat Oct 05, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

Bad checks. People write bad checks all the time and it's a pain to deal with. When you get cash you know you got paid and don't need to try and collect on a bad check. Bad checks, at a residence? When many states make it very easy for contractors to put a lien on a property? We're not talking abou...
by ThriftyPhD
Fri Oct 04, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: earned more than 50 cents in interest in TIRA before conversion to Roth IRA (backdoor Roth)
Replies: 7
Views: 898

Re: earned more than 50 cents in interest in TIRA before conversion to Roth IRA (backdoor Roth)

I use Fidelity for my backdoor Roth conversions. I put $6000 into my TIRA account but it took about a week for the funds to get settled. Then after I was able to convert it over to the Roth IRA, the TIRA already earned 62 cents in interest. I've seen other posts here where people say you can just c...
by ThriftyPhD
Fri Oct 04, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

I generally have trouble seeing how it's my business how they fill out their income taxes. That has come up on a bunch of threads, might be regional or ethnic subcultural thing, people feeling that is somehow their business. I don't see that, but there are varying customs in a big diverse country b...
by ThriftyPhD
Thu Oct 03, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

I generally have trouble seeing how it's my business how they fill out their income taxes. That has come up on a bunch of threads, might be regional or ethnic subcultural thing, people feeling that is somehow their business. I don't see that, but there are varying customs in a big diverse country b...
by ThriftyPhD
Thu Oct 03, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

If you have a problem and need to take him to court, how can you prove you paid for his services? Is he licensed? Does he provide an insurance certificate? Is his estimate in writing, or just verbal? ++ If his 'non-employees' get hurt while up on a ladder, does he have insurance for them, or will y...
by ThriftyPhD
Mon Sep 30, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5614

Re: Home repair - paying cash (dollar bills)

If you have a problem and need to take him to court, how can you prove you paid for his services? Is he licensed? Does he provide an insurance certificate? Is his estimate in writing, or just verbal? ++ If his 'non-employees' get hurt while up on a ladder, does he have insurance for them, or will y...
by ThriftyPhD
Sun Sep 15, 2019 10:56 am
Forum: Personal Investments
Topic: Fidelity Funds to Make Three Fund Portfolio
Replies: 8
Views: 964

Re: Fidelity Funds to Make Three Fund Portfolio

Looks like you have some nice index fund options.

Do you have investments outside of your 403b? IRA, Roth IRA, old 401k, taxable brokerage, etc? For example, if you had money in a Roth IRA, you might put that money into an index fund you can't get in your 403b.
by ThriftyPhD
Fri Sep 13, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8716

Re: Managing joint finances when one is a perfectionist

I will echo that even if you take over finances, your SO should know what is going on and be part of the regular discussion. What if your SO is not interested to know what is going on or be a part of a regular discussion? What if the person in charge of finances is incapacitated for some time? If t...
by ThriftyPhD
Fri Sep 13, 2019 3:17 pm
Forum: Personal Consumer Issues
Topic: Hospital/Doctor Release Form
Replies: 27
Views: 2162

Re: Hospital/Doctor Release Form

If you don't like it go somewhere else. Where do you go if all medical systems have the same boiler plate language, and you're having a medical crisis (whole point you're there) and need medical care? All you can hope for when you blindly sign the paper to not die is that it won't be able to be hel...
by ThriftyPhD
Fri Sep 13, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Hospital/Doctor Release Form
Replies: 27
Views: 2162

Re: Hospital/Doctor Release Form

You were expecting to be able to haggle with the doctor and change whatever contract language you liked? Imagine how long that would have taken to go through the group's legal department. Shouldn't contracts be written and agreed upon by both (equal) parties? Didn't the legal department write 'what...
by ThriftyPhD
Thu Sep 12, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: Hospital/Doctor Release Form
Replies: 27
Views: 2162

Re: Hospital/Doctor Release Form

You were expecting to be able to haggle with the doctor and change whatever contract language you liked? Imagine how long that would have taken to go through the group's legal department. Shouldn't contracts be written and agreed upon by both (equal) parties? Didn't the legal department write 'what...
by ThriftyPhD
Sun Sep 08, 2019 12:03 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4583

Re: Does a FA make sense at a certain portfolio level?

I think it depends on how big the portfolio is, and how sophisticated the DIY-er is willing to get, and finally how costly that advice would end up being. If you've got millions of dollars in a taxable account then an effective TLH strategy can make a noticeable difference. Then there's the fact th...
by ThriftyPhD
Sun Sep 08, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: Waze gives wrong directions;now gmaps too; any others I can use?
Replies: 33
Views: 3609

Re: Waze gives wrong directions;now gmaps too; any others I can use?

I've reported mapping errors and have noticed it fixed within a day.

The first step when you notice an error is to report it in the software so it can be fixed.
by ThriftyPhD
Sat Aug 31, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds - How Your Spouse can Quickly Cash in I Bonds
Replies: 59
Views: 5412

Re: I Bonds - How Your Spouse can Quickly Cash in I Bonds

My wife died last year. We had I-bonds registered in her name only on the assumption that I will die first. I was her sole heir and was able to cash the I-bonds thru my bank which also helped me with all the paperwork in dealing with the Feds. What I neglected to do was to have a federal withhold o...
by ThriftyPhD
Thu Aug 29, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4398

Re: Is ACH Billpay risky?

A friend of mine set up autopay with several companies, where the companies could pull the money from my friend's checking account each month to pay the bill. One month, the local water company pulled many times more than they were supposed to, and cleared out the account. Several other bills and ch...
by ThriftyPhD
Thu Aug 29, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: [Pay student loans early or invest?]
Replies: 21
Views: 969

Re: [Pay student loans early or invest?]

Take a look at the wiki page on Prioritizing Investments . However, there is not an entry for paying off low interest debt. There is a similar list on Mr Money Mustache: Investment Order . This one has an entry for low interest debt. 7. Pay off any debts with interest rates ~3% or more above the cur...
by ThriftyPhD
Sat Aug 24, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 8085

Re: Agreeing to part ways at job

Since you're union, any help there? Otherwise look into employment attorneys in your area.
by ThriftyPhD
Thu Aug 22, 2019 7:41 pm
Forum: Personal Investments
Topic: New money, 401k vs I-bonds
Replies: 5
Views: 640

Re: New money, 401k vs I-bonds

If the choice is between contributing to a tax advantaged account (a pre-tax or Roth 401k) or an I-bond, I would choose the tax advantaged account. That space is gone forever if not used. And I'm a fan of I-bonds.
by ThriftyPhD
Sat Aug 17, 2019 11:02 am
Forum: Personal Investments
Topic: Where to put new money? Small Windfall
Replies: 16
Views: 2776

Re: Where to put new money? Small Windfall

I-bonds? With mortgage debt at 3.375%? Why iBonds? One could make an argument to put 100% of this windfall into equities hoping to have a better return than the 3.375% mortgage note, but I wouldn't be putting dime one of it into bonds when I hold a mortgage at that rate based on where treasury rate...
by ThriftyPhD
Fri Aug 16, 2019 9:27 pm
Forum: Personal Investments
Topic: Where to put new money? Small Windfall
Replies: 16
Views: 2776

Re: Where to put new money? Small Windfall

Today I received a retention bonus from my employer of roughly $50k after taxes. I plan to pay down small credit card balance and pay my quarterly real estate taxes which combined will chew up $10k of the $50k. I will add another 10-15k to my emergency fund at Capital One getting 2% which should ma...
by ThriftyPhD
Sat Aug 10, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab as a one stop shop
Replies: 68
Views: 10113

Re: Schwab as a one stop shop

I have no bone to pick with Fidelity CMA though (or it’s customer service), just saying you can essentially achieve similar goal. The Schwab domestic/international ATM feature was what attracted me most rather the cash options. Fidelity CMA also has free ATM worldwide, so that benefit is a draw. I ...
by ThriftyPhD
Thu Aug 08, 2019 3:59 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2235

Re: Rollover to Vanguard or Fidelity?

I would suggest the default should be to leave it, unless there is a good reason for rolling it out. I would suggest the default position should be to think for yourself. Leaving assets in a 401k may make sense under the limited circumstances you described. Rolling it over makes sense if control an...
by ThriftyPhD
Thu Aug 08, 2019 12:19 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2235

Re: Rollover to Vanguard or Fidelity?

To add to ThriftyPhD’s list: 1. Possible access to the Vanguard mutual funds you want without trading fees 2. If you were age 55+ when you separated from employer, “rule of 55” would allow penalty-free withdrawals prior to age 59-1/2 Not advocating for 401k or IRA. My main point was that you might ...
by ThriftyPhD
Thu Aug 08, 2019 12:17 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2235

Re: Rollover to Vanguard or Fidelity?

Are you sure you “have to” move your 401k? Some companies allow former employees to remain in their 401k plans. HomeStretch .. What advantage do you see leaving it in a 401k? I might have missed something but I didn't see that big of benefit leaving it in the 401k. A few things that might be releva...
by ThriftyPhD
Wed Aug 07, 2019 7:52 pm
Forum: Personal Investments
Topic: Rollover to Vanguard or Fidelity?
Replies: 32
Views: 2235

Re: Rollover to Vanguard or Fidelity?

Are you sure you “have to” move your 401k? Some companies allow former employees to remain in their 401k plans. HomeStretch .. What advantage do you see leaving it in a 401k? I might have missed something but I didn't see that big of benefit leaving it in the 401k. A few things that might be releva...
by ThriftyPhD
Wed Aug 07, 2019 7:46 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 9358

Re: Does it bug anyone else that Vanguard only has money market for cash?

It's interesting to see the range of perceptions here. I get the interest in trying to understand the minute details. Personally, I have no issue in having money saved in federal money market funds. I use them instead of savings accounts. I understand the argument that they might not be as safe as F...
by ThriftyPhD
Sat Aug 03, 2019 6:33 pm
Forum: Personal Investments
Topic: Should I send new 401k contributions to an equity or bond fund in this late cycle?
Replies: 25
Views: 1576

Re: Should I send new 401k contributions to an equity or bond fund in this late cycle?

If you have $25k to save and if your plan has those high fees, do not save all your $25k in that bad plan. You can put $7k into tIRA or Roth IRA or a combination of the two. You could save some in taxable as well. I think you might benefit from posting your entire picture in the format we use to he...
by ThriftyPhD
Thu Aug 01, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Aggressive loan paydown on sub-2.5% fixed debt?
Replies: 18
Views: 1369

Re: Aggressive loan paydown on sub-2.5% fixed debt?

I have ~185k remaining on student debt at 2.45% fixed 5-year payoff. I have a high enough income that, if I live like a resident for one more year, I can pay it off by August 2020 in exactly one year. I have asked this same question in the WCI forum, and most people there recommended either splitti...
by ThriftyPhD
Wed Jul 31, 2019 6:59 pm
Forum: Personal Investments
Topic: Personal Investment Inquiry
Replies: 5
Views: 674

Re: Personal Investment Inquiry

Many here use Merrill Edge. It's a low cost broker, especially if you qualify for Preferred Rewards and get free trades. However, the best use of Merrill Edge is to buy ETFs. The purchase is low/no cost. A target date fund or any other mutual fund will likely have a larger purchase fee. For example,...
by ThriftyPhD
Wed Jul 31, 2019 6:49 pm
Forum: Personal Consumer Issues
Topic: Should I finance new car purchase?
Replies: 16
Views: 1532

Re: Should I finance new car purchase?

Nate79 wrote:
Wed Jul 31, 2019 7:14 am
If the cost of the car would eat up most of your emergency fund perhaps the car is too expense.
Another way to look at it: If your emergency fund is 3-6 months of spending, if buying a new car doesn't deplete a large portion of your emergency fund, perhaps you regularly spend too much.
by ThriftyPhD
Wed Jul 31, 2019 6:32 am
Forum: Personal Consumer Issues
Topic: Should I finance new car purchase?
Replies: 16
Views: 1532

Re: Should I finance new car purchase?

Money is fungible. It doesn't sound like there are any strings attached to the funds from your company, and I'm guessing they get taxed the same whether it goes straight to a car place or to your pocket. So ultimately, this boils down to a simple buy cash or finance question, which is asked all the ...
by ThriftyPhD
Sun Jul 28, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: Follow-up Questions to "Be Careful How you Frame the Problem"
Replies: 14
Views: 1382

Re: Follow-up Questions to "Be Careful How you Frame the Problem"

Here is something I don’t understand.... In other words, you don’t have to choose from A, B, C and D ( in relation to factors ). You can outfox the box and instead choose E, which diversifies across the different asset classes (and factors). Isn’t investing in multiple risk factors the same as buyi...
by ThriftyPhD
Sun Jul 28, 2019 7:01 pm
Forum: Personal Consumer Issues
Topic: Why do my Oral-B brush heads wear out so quickly?
Replies: 16
Views: 1716

Re: Why are my Oral-B brush heads wear out so quickly?

Assuming you didn't simply get a bad batch, and that this is something you've observed for years, my guess is that you're pressing too hard. I know I brushed too hard with manual toothbrushes, and they would often end up looking like yours. My Oral B has a pressure indicator to show when I'm applyin...
by ThriftyPhD
Sun Jul 28, 2019 5:16 pm
Forum: Forum Issues and Administration
Topic: Why is the forum blue?
Replies: 17
Views: 4625

Re: Why is the forum blue?

This forum uses phpBB, and the default style for phpBB is prosilver. You can available styles at https://www.phpbb.com/customise/db/style/prosilver/demo/3.2# As you can see, the default style prosilver is the same as the one used here. My guess is that the admins chose to stick to the default becaus...
by ThriftyPhD
Sat Jul 27, 2019 4:09 pm
Forum: Investing - Theory, News & General
Topic: Exactly when do mutual funds buy securities?
Replies: 3
Views: 530

Re: Exactly when do mutual funds buy securities?

For one, mutual funds tend to have a small fraction, a fraction percent or so, of the assets in cash like assets. VTSAX (Vanguard Total Stock Market Admiral Shares) has over $6 million in liquidity funds, and $200k in Tbills. A second point is that while you might be buying, there are also people wh...
by ThriftyPhD
Fri Jun 28, 2019 7:15 pm
Forum: Personal Consumer Issues
Topic: Indoor fly traps - what do Bogleheads recommend?
Replies: 24
Views: 1425

Re: Indoor fly traps - what do Bogleheads recommend?

If it's fruit flies, the long term solution is to make sure no food is out for them. Clean up all food spills, don't keep fruit out, etc. To get rid of the crop, an effective method is to fill a glass with an aromatic food source. You can try a small amount of wine, beer, vinegar, or similar items. ...
by ThriftyPhD
Fri Jun 28, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?
Replies: 6
Views: 545

Re: What correlation to expect between 4-Week Treasury rate and Total Bond Market yield?

Why are you comparing such vastly different durations? If that makes it an apples-and-oranges situation, then I guess the answer is "there would be no correlation". But I'm assuming that if short-term Treasury yields go down, FXNAX (holding more than 40% Treasuries) would have to go down at least s...
by ThriftyPhD
Fri Jun 28, 2019 10:05 am
Forum: Personal Investments
Topic: I have two options for a Mega Backdoor Roth
Replies: 10
Views: 786

Re: I have two options for a Mega Backdoor Roth

One thing you'll want to look into is if there are differences in terms of frequency or cost. Some plans, for example, let you set up automatic conversions After Tax -> Roth 401k. Same day of contribution, so no gains. No fee. But they might restrict the After Tax -> Roth IRA process, either only le...