Search found 402 matches

by decapod10
Fri Sep 20, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Married A/B Trust or Married A Trust
Replies: 13
Views: 1340

Re: Married A/B Trust or Married A Trust

Also non-lawyer here. We also have an A/B trust, however it's specific purpose is to protect our assets for our children against remarriage, etc, not for any tax gains. One spouse dies, the trust splits into 2 pieces. The surviving spouse gets 1 trust, and then the second half stipulates that it mus...
by decapod10
Tue Sep 17, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

Thanks for your help, all. I understand completely and am usually humble but man I’m impressed with myself on this one! I had not considered that most plans that allow after-tax contribution would likely allow in-service distributions. I suppose this post was going slightly off-topic because I was ...
by decapod10
Sun Sep 15, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 8785

Re: Do You Tip At Counter Service Restaurants?

If it's a place where someone cleans up after me, I usually leave a buck or two.

If not, depends on my mood.
by decapod10
Sun Sep 15, 2019 9:46 am
Forum: Personal Investments
Topic: what should I be doing with my after-tax 401k contributions?
Replies: 30
Views: 2275

Re: what should I be doing with my after-tax 401k contributions?

I rolled mine into a Roth account at Fidelity. This mega back door Roth is an amazing way to fund a Roth account if you don't qualify. You can contribute quite a bit above and beyond your pre tax 401k contribution, even more if you're over 50, and it really adds up. Not all or even many employers a...
by decapod10
Sun Sep 15, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: DIY nanny payroll
Replies: 11
Views: 1048

Re: DIY nanny payroll

I do it manually with an Excel spreadsheet as well, however I also have NannyPay which is software just to double check I'm doing it right (mainly the income tax withholding). It costs $150 per year. I'll probably get rid of the software eventually. I downloaded the Excel spreadsheet from this websi...
by decapod10
Sat Sep 14, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

decapod10, I'm going to have to give this some thought. My first impression is the you and I are both partially correct and partially incorrect. But let me ponder a bit. Right now, I'd agree with your point that there could be a benefit from tax deferral on earnings from bonds (not stocks) in the a...
by decapod10
Sat Sep 14, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

After-tax contributions are not better than taxable because of tax deferral. In fact, after tax money invested in stocks (and not rolled to Roth) is worse than putting the money in taxable because of how the earnings are taxed. If the after-tax money is invested in bonds, neither is better than the...
by decapod10
Fri Sep 13, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

Thanks for your help, all. How are after-tax non-Roth contributions a better place for bonds? Both taxable and after-tax non-Roth are taxed at ordinary income rates are they not? Is it because of the tax deferral benefit? Roth is almost always better than both after-tax 401k and taxable, so if you ...
by decapod10
Fri Sep 13, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Comic book collection recommendations
Replies: 21
Views: 1575

Re: Comic book collection recommendations

Hi all! First time poster but long term lurker! I am trying to help a nephew who inherited a rather large comic book collection (~30,000) several months ago. Their dilemma: he used to live in New Jersey but moved to Salem, MS several months ago. They were not able to haul the collection (approx 100...
by decapod10
Fri Sep 13, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Confused about after-tax contributions to 401k plans
Replies: 22
Views: 1642

Re: Confused about after-tax contributions to 401k plans

Assume a 401k plan offers pre-tax contributions, after-tax Roth contributions, and after-tax non-Roth contributions. Assume the employee contributes after-tax non-Roth dollars. Assume these dollars remain invested, earn dividends, are bought and sold at gains and losses, etc. - when does all of tha...
by decapod10
Thu Sep 05, 2019 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Current 15 year mortgage rates- refi?
Replies: 6
Views: 1081

Re: Current 15 year mortgage rates- refi?

It depends on where you are, though I'm betting you could probably get 3% or slightly under no points if you looked hard enough based on what others have said
by decapod10
Thu Sep 05, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5062

Re: Stressed Over Money 25 Yr. Old

Are you happy? That's really the most important thing. If you can enjoy life at your current spending level, I see no need to spend more just for the sake of spending more. Some people don't mind living frugally, clipping coupons, whatever, and they are happy doing so. If you feel like you've passe...
by decapod10
Thu Sep 05, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5062

Re: Stressed Over Money 25 Yr. Old

Are you happy? That's really the most important thing. If you can enjoy life at your current spending level, I see no need to spend more just for the sake of spending more. Some people don't mind living frugally, clipping coupons, whatever, and they are happy doing so. If you feel like you've passed...
by decapod10
Thu Sep 05, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 158
Views: 13888

Re: How risky is Med school student loan debt?

Nightmare scenario... Neighbor of ours' son got married a couple years ago to his medical school sweetheart. He got his MD in Psychiatry. She decided later in THIRD year of medical school she didn't want to be a doctor at all. She ended up starting a photography business. No idea who paid, or is pa...
by decapod10
Thu Sep 05, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 158
Views: 13888

Re: How risky is Med school student loan debt?

It depends on how you plan on paying it off, but there's lots of data from companies that track this every year. The latest 2019 report I found can be viewed here: https://weatherbyhealthcare.com/blog/medical-school-debt-report-2019 It shows that 65% of physicians who graduated before 2015 are stil...
by decapod10
Thu Sep 05, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning - what instructions to leave for wife to handle finances
Replies: 19
Views: 2283

Re: Estate Planning - what instructions to leave for wife to handle finances

How much is in taxable vs retirement accounts? If there is not much in taxable, then maybe just leave instructions on how to move all retirement accounts to a Target Date fund of your choice. I think if you have substantial taxable accounts, then it gets harder because you have to start worrying abo...
by decapod10
Thu Sep 05, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: Requesting some general life advice (career, living location, etc.).
Replies: 23
Views: 2290

Re: Requesting some general life advice (career, living location, etc.).

Having a child changes everything in your life. From your daily routine, to your financial situation, to your whole perspective on life. Before we had children, we were in much the same situation as you - we found our living situation to be tolerable, but we didn’t love it. After kids, we needed to...
by decapod10
Wed Sep 04, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1887

Re: Do you have disability insurance?

Admittedly I haven't looked into this that much, but is disability insurance portable? If say you have a good plan through work can you keep it if you leave? I know for life it's not (at least for most cases I've heard of) so getting your own plan can be cost prohibitive once you leave, which is wh...
by decapod10
Wed Sep 04, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1887

Re: Do you have disability insurance?

Yes, we purchased our own disability insurance until we moved to our current job, then we were able to get disability insurance through our job so we discontinued our individual policies.
by decapod10
Tue Sep 03, 2019 5:42 pm
Forum: Personal Consumer Issues
Topic: "Home" Cell Phone
Replies: 40
Views: 3439

Re: "Home" Cell Phone

So based on the collective wisdom of the Bogleheads wife and I switched from Verizon to Page Plus maybe 6-7 years ago and haven't looked back. We have never had a home phone. However our kids (4th and 3rd grade) will be taking the bus home from school this year and hanging out at the house for a bi...
by decapod10
Tue Sep 03, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider your house as part of your bond portfolio?
Replies: 52
Views: 2367

Re: Do you consider your house as part of your bond portfolio?

from Larry Swedroe's book (p220): "debt of any type should be treated as a negative position in fixed-income for asset allocation purposes". He specifically includes a mortgage in the above mention of debt. The implication of this on asset allocation is obviously significant. For example if your go...
by decapod10
Tue Sep 03, 2019 4:24 pm
Forum: Personal Investments
Topic: Mer. Lynch Buddy ... Bonds in Tax Account ... Stocks Only
Replies: 24
Views: 1681

Re: Mer. Lynch Buddy ... Bonds in Tax Account ... Stocks Only

Alright all, Thanks for straightening me out and validating the sales pitch from ML buddy and that I should stay the course with keeping things low cost and simple. In the next weeks, I'm ... 1. Moving my, and my wife''s, Trad IRAs from Raymond James to Vanguard = ~95k 2. My 401k is maxed in 2019 w...
by decapod10
Tue Sep 03, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider your house as part of your bond portfolio?
Replies: 52
Views: 2367

Re: Do you consider your house as part of your bond portfolio?

No. The problem with a house is that it's hard get rid of it completely and convert it to cash. You can downsize and take out some equity to an extent. You can completely sell it, but then you have to pay rent. You can take a reverse mortgage I suppose. A bond you can just sell. A house (that you ow...
by decapod10
Tue Sep 03, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

8) couldn't you just put the funds into a CD ladder, and then each year use the cd proceeds coming off the ladder to pay for that year's vacation, so you would be using the money to increase family time, having it grow slightly, and be able to do different things in different years, Disney one year...
by decapod10
Tue Sep 03, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

8) couldn't you just put the funds into a CD ladder, and then each year use the cd proceeds coming off the ladder to pay for that year's vacation, so you would be using the money to increase family time, having it grow slightly, and be able to do different things in different years, Disney one year...
by decapod10
Mon Sep 02, 2019 8:10 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here? [Disney Vacation Club]

THANK ALL FOR EVERYONE'S REPLIES. we probably will pass on this. Here are my reasons after careful research and discussion with Family 1) We don't want to plan vacations 11 months out. And being locked into the date 2) The option for 7 month planning at other resorts is increasingly difficult 3) We...
by decapod10
Mon Sep 02, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here? [Disney Vacation Club]

Prepaying for a vacation never made any sense to me. You can find plenty of amazing (other peoples) timeshares to stay on or near Disney for a fraction of the cost and no long term commitments. +1. I couldn't imagine going to the same exact place for vacation every single year, even more so if it w...
by decapod10
Mon Sep 02, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here? [Disney Vacation Club]

Prepaying for a vacation never made any sense to me. You can find plenty of amazing (other peoples) timeshares to stay on or near Disney for a fraction of the cost and no long term commitments. +1. I couldn't imagine going to the same exact place for vacation every single year, even more so if it w...
by decapod10
Mon Sep 02, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here? [Disney Vacation Club]

I would just rent someone else’s timeshare each year. Likely will save you a lot of $$$, and no long term commitment. We also looked at this a dozen or more years back and really wanted to have a DVC make sense for us. No matter how we tried it was better to just plan trips and buy the points if/wh...
by decapod10
Sun Sep 01, 2019 9:12 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 290
Views: 19100

Re: First 20% of bonds in long-term Treasuries

So putting together the flowsheet and your OP, you don't think unexpected inflation is a significant risk and therefore you end up at the bottom of the flowsheet? How does one determine this? Depends on the individual, or something about the market? I was probably not very clear in the OP, but I vi...
by decapod10
Sun Sep 01, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 290
Views: 19100

Re: First 20% of bonds in long-term Treasuries

The second question is, if a regime change happens, could that flip the switch in favor of short-term bonds again? Possibly. Looking at current interest rates, the deeper risk seems to be that the market is not considering the possibility of higher and unpredictable inflation in the future. For peo...
by decapod10
Sun Sep 01, 2019 5:43 pm
Forum: Personal Investments
Topic: How to value pension as a benefit when comparing jobs
Replies: 24
Views: 2330

Re: How to value pension as a benefit when comparing jobs

You could calculate the value of an SPIA as you suggested, then figure out how much money you would need per year along with whatever return you want to use to reach the number. Then subtract the amount you are paying in and you could calculate the added value. I tend to prefer cash in hand over pen...
by decapod10
Sun Sep 01, 2019 4:39 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

I've been contemplating making a Disney Vacation Club purchase (It's not a timeshare!) Have spent ALOT of time researching the complicated system. I would love people's thoughts if they've purchased one My starting framework: 1) We would use it 5-6 days a year, with one trip annually 2) We live clo...
by decapod10
Sun Sep 01, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

I've been contemplating making a Disney Vacation Club purchase (It's not a timeshare!) Have spent ALOT of time researching the complicated system. I would love people's thoughts if they've purchased one My starting framework: 1) We would use it 5-6 days a year, with one trip annually 2) We live clo...
by decapod10
Sat Aug 31, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

When a purchased a few years back, I compared DVC vs cash prices through Disney for the same room with a 20% discount. I applied about a 3% annual increase to cash prices (I looked them up through the Disney website, though it's hard to always find cash DVC availability) and annual dues. Also assum...
by decapod10
Sat Aug 31, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Visit Taipei, Taiwan or tour smaller towns in Japan?
Replies: 33
Views: 2478

Re: Visit Taipei, Taiwan or tour smaller towns in Japan?

Can I piggyback on this question and ask -- Is Taipei doable alone for someone who doesn't speak Mandarin? Would I be able to figure out where to go and enjoy the country? I don’t speak mandarin and I didn’t have any trouble in Taipei. I’d say it’s a slightly larger language barrier than Hong Kong ...
by decapod10
Sat Aug 31, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

I would just book through Dvcrequest.com. I’ve done it a few times for Aulani and had an excellent experience. You can book on a much shorter notice. It may be difficult if you are picky about when/where you want to stay, or if you need a large amount of points. Also, you don't have control over th...
by decapod10
Sat Aug 31, 2019 2:57 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

. Anyone who tells you that they're making money on it overall is likely lying (I have yet to see the numbers make sense). That said, if you have a vacation budget, and this is a destination of choice, you could get reasonable value from it. If you purchased DVC, rented out the points, and then sol...
by decapod10
Sat Aug 31, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

. Anyone who tells you that they're making money on it overall is likely lying (I have yet to see the numbers make sense). That said, if you have a vacation budget, and this is a destination of choice, you could get reasonable value from it. If you purchased DVC, rented out the points, and then sol...
by decapod10
Sat Aug 31, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5162

Re: Any Happy DVC owners here?

My Questions are: 1) Did you buy direct, or re-sale? Resale. Note that there are new booking restrictions for resale. If you buy one of the original 14 resorts (currently all except Riviera) you can only book at the original 14 resorts. If you buy Riviera resale, you can only book at Riviera 2) How...
by decapod10
Fri Aug 30, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

This is what frustrates me. How can I - a lay person - ever know that the codes the doctor is using are correct? If you really want to know, then you would mainly just want to know if everything that was documented was truthful. Don't worry, the insurance company will find any excuse to give the do...
by decapod10
Fri Aug 30, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3176

Re: Minimum to keep in checking account?

I tend to go over my finances around the 5th of the month because that's when our cash is at its lowest point (after mortgage payment but before we get paid). We get paid twice per month on the same dates each month. I take the balance and subtract all the upcoming bills (mainly electric and 529 wit...
by decapod10
Fri Aug 30, 2019 12:58 pm
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

Thanks for the clarification So it would seem since the doctor decides the 'code', he has an incentive to stretch it to the higher he can In my case, the stretch was so much as to qualify for fraud. But how many of those are caught? BTW, this was ~10 years ago, before the high deductible plans, so ...
by decapod10
Fri Aug 30, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 5909

Re: College age male: How much money for food?

Also another thing to consider is what sort of grocery stores are in the area, and whether the student can get there easily. If they don't have a car, they might be stuck either paying for some sort of grocery delivery or paying for a Taxi/Uber to make grocery store trips, or buying overpriced food ...
by decapod10
Fri Aug 30, 2019 10:45 am
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

Thanks for the clarification So it would seem since the doctor decides the 'code', he has an incentive to stretch it to the higher he can In my case, the stretch was so much as to qualify for fraud. But how many of those are caught? BTW, this was ~10 years ago, before the high deductible plans, so ...
by decapod10
Fri Aug 30, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

Yes, generally the doctor will try to code as high as possible. However, they have to have documentation supporting the code that they submit, so ultimately the code has to be verified by the insurance company. As long as the doctor is telling the truth on the documentation, then the insurance comp...
by decapod10
Fri Aug 30, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: paying off 15 year vs 30 year fixed rate mortgage
Replies: 53
Views: 3573

Re: paying off 15 year vs 30 year fixed rate mortgage

I would take the 30 year for sure. You can always pretend it's a 15 year and pay it off sooner. There's no reason to tie yourself to a higher minimum payment IMO. The rates are all good right now (sub-4%). Historically speaking anything in the 4% range is a win, so go with the 30. The bank will be ...
by decapod10
Fri Aug 30, 2019 9:38 am
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

Thanks for the clarification So it would seem since the doctor decides the 'code', he has an incentive to stretch it to the higher he can In my case, the stretch was so much as to qualify for fraud. But how many of those are caught? BTW, this was ~10 years ago, before the high deductible plans, so ...
by decapod10
Thu Aug 29, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: What to let kids buy?
Replies: 50
Views: 4183

Re: What to let kids buy?

This gives me hope! Have two kids (2 1/2 and 4 months) and already fear about how to teach best spending responsibly. Lord knows the wife and I made every horrible mistake along the way. Hoping to make it a common topic in the house early on so our children have an advantage We gave our kids an all...
by decapod10
Thu Aug 29, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9533

Re: The cost to talk to a doctor

OP never came to reply what he or she meant by "talk to a doctor" (at least I didn't see it). I find it absurd that people complain for only seeing a doctor for a few minutes. We pay for the doctor's expertise, not his or her time. Some appointments may require varying lengths of time for a diagnos...