Search found 51 matches

by milo minderbinder
Wed Jan 22, 2020 12:55 pm
Forum: Personal Investments
Topic: How Do I Buy Some BitCoin?
Replies: 45
Views: 2786

Re: How Do I Buy Some BitCoin?

There’s a fund GBTC. Grayscale bitcoin trust. It tracks bitcoin but you don’t need to mess around with the exchanges. Feels a lot easier than owning the actual stupid things and holding them in a virtual wallet or whatever with a password you put in a little glass bottle implanted under your skin f...
by milo minderbinder
Mon Jan 20, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: If you could only listen to one podcast...
Replies: 119
Views: 8156

Re: If you could only listen to one podcast...

My vote is for Hardcore History. Dan Carlin provides what feels like a first person view on historical events.

Another good history podcast, albeit with a more academic feel, is Revolutions by Mike Duncan.
by milo minderbinder
Sat Jan 18, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Questions
Replies: 13
Views: 778

Re: Inherited IRA Questions

This is wrong. He can designate his own beneficiaries and change them at will.
by milo minderbinder
Sat Jan 18, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use Turbo Tax?
Replies: 20
Views: 1516

Re: Should I use Turbo Tax?

You should definitely do it yourself. Since you are just starting out I would look for a company that is a little less evil than Intuit. Intuit uses its significant lobbying muscle to stifle any legislative attempts at tax simplification. Perhaps TaxAct, which I have used for my son's simple returns.
by milo minderbinder
Thu Jan 09, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 51
Views: 4589

Re: 1 yr ban of 401K contribution?

However, from an employer plan design perspective I find this inexplicable. I would understand having a vesting schedule for the employer match but what is gained from preventing new employees from contributing their own money? Any incremental per employee cost for administration is vastly outweigh...
by milo minderbinder
Thu Jan 09, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: 1 yr ban of 401K contribution?
Replies: 51
Views: 4589

Re: 1 yr ban of 401K contribution?

I agree that this should not be the deciding factor in determining whether to the the job. However, from an employer plan design perspective I find this inexplicable. I would understand having a vesting schedule for the employer match but what is gained from preventing new employees from contributin...
by milo minderbinder
Tue Jan 07, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Using severance health insurance on new job
Replies: 8
Views: 386

Re: Using severance health insurance on new job

Relative should check their severance agreement to make sure the insurance benefit does not terminate upon accepting employment that offers insurance coverage. This is not uncommon.
by milo minderbinder
Tue Dec 24, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2199

Re: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"

Leave investment as investment as it is and keep those social justice propaganda out of my investment choice. Thank you! This isn't about what they invest in. Its about how they vote the shares in the companies they own. Should Vanguard vote against excessive executive compensation plans? I think t...
by milo minderbinder
Sat Dec 14, 2019 5:11 pm
Forum: Personal Consumer Issues
Topic: 2015 Mini Cooper Questions
Replies: 15
Views: 994

Re: 2015 Mini Cooper Questions

I have a 2008 Mini Cooper S. Its quick and very fun to drive. Mini does not have a great reputation for reliability but mine but hasn't had significant problems. It only has 42,000 miles though.
by milo minderbinder
Tue Dec 03, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Monovision contacts?
Replies: 23
Views: 1401

Re: Monovision contacts?

I have had natural monovision for about 30 years. Works great. (And I can play baseball.)
by milo minderbinder
Fri Nov 08, 2019 2:40 pm
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 47
Views: 4685

Re: Weddings - The good? The bad?

I went to a wedding that had no alcohol and only served vegan food. Don't do that.
by milo minderbinder
Fri Oct 25, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5740

Re: Who does your tax returns?

I used to do it by hand many years ago but now use turbotax. The ability to download from financial institutions is a big help.

A question for the folks who do it by hand: how difficult is the AMT calculation?
by milo minderbinder
Wed Oct 23, 2019 12:42 pm
Forum: Personal Investments
Topic: Need some proof reading on my Roth IRA back door plan. My first time.
Replies: 10
Views: 804

Re: Need some proof reading on my Roth IRA back door plan. My first time.

So if one has substantial traditional IRA funds and no ability to roll them into a 401K, he is effectively precluded from utilizing a backdoor Roth? He is always able do a backdoor Roth. But a 12/31 pretax IRA balance will make a portion of the Roth conversion taxable due to the pro rata rule. That...
by milo minderbinder
Wed Oct 23, 2019 12:01 pm
Forum: Personal Investments
Topic: Need some proof reading on my Roth IRA back door plan. My first time.
Replies: 10
Views: 804

Re: Need some proof reading on my Roth IRA back door plan. My first time.

So if one has substantial traditional IRA funds and no ability to roll them into a 401K, he is effectively precluded from utilizing a backdoor Roth?
by milo minderbinder
Tue Oct 22, 2019 3:55 pm
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 12528

Re: Inside Fisher Investments

Count yourself lucky. I get tons of junk mail from him. Goes straight into the recycling bin.
by milo minderbinder
Tue Oct 22, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: should my son negotiate paralegal offer?
Replies: 28
Views: 2466

Re: should my son negotiate paralegal offer?

As this is a first job and he has no leverage he should take the offer. After he gets some experience he can interview and subsequent offer may be more negotiable. Also, $42G is a reasonable offer, especially out of the city.
by milo minderbinder
Wed Oct 16, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: learning about consulting side job - taxes, etc.
Replies: 6
Views: 857

Re: learning about consulting side job - taxes, etc.

Consider setting up an LLC to conduct your consulting out of. Consultants can incur liabilities employees generally don't and you will want to keep you personal assets out of reach.
by milo minderbinder
Thu Oct 10, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Filing tax returns for deceased uncle.
Replies: 6
Views: 836

Re: Filing tax returns for deceased uncle.

Are there assets? If so someone should apply to become a court appointed administrator. That person should do the tax returns. No one else has authority to do them. If there are no assets there is no need for anyone to do anything.
by milo minderbinder
Mon Sep 23, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 8378

Re: How does a bank make money off you? How to ensure they don't

Personally, I do not consider occasional emails to be aggressive marketing. But then, I do not really even read them but just skim it to make sure they do not contain important customer service notifications. But, you have decided that your current situation does not work for you. Many people on BH...
by milo minderbinder
Thu Sep 19, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Median employee compensation challenge
Replies: 13
Views: 1863

Re: Median employee compensation challenge

This metric as contrived by Congress (thanks Bob Menendez) is too useless to allow an apples to apples comparison. It includes part time workers and international workers without accounting in any way for the amount of time the former work or the pay scale in the countries of the latter. Unless two ...
by milo minderbinder
Fri Sep 13, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Escrow account between neighbors?
Replies: 11
Views: 1556

Re: Escrow account between neighbors?

In my view demanding an escrow for this is ridiculous. A legally binding agreement to do the maintenance should be sufficient.
by milo minderbinder
Wed Sep 11, 2019 11:50 am
Forum: Personal Investments
Topic: Early exercising NSOs
Replies: 10
Views: 1125

Re: Early exercising NSOs

If you really have 7 years left to exercise you should let it ride. Most of the value off an option is the time value. With 7 years of volatility to go you would be sacrificing a lot in terms of black scholes or lattice binomial valuation if you exercised now. But read the option agreement and plan...
by milo minderbinder
Mon Sep 09, 2019 11:19 am
Forum: Personal Investments
Topic: Early exercising NSOs
Replies: 10
Views: 1125

Re: Early exercising NSOs

If you really have 7 years left to exercise you should let it ride. Most of the value off an option is the time value. With 7 years of volatility to go you would be sacrificing a lot in terms of black scholes or lattice binomial valuation if you exercised now. But read the option agreement and plan ...
by milo minderbinder
Tue Jul 30, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ethics of "bonus payback" when quitting a job
Replies: 158
Views: 11640

Re: Ethics of "bonus payback" when quitting a job

He can still try to ask the new employer for the make up sign on bonus though he would have had more leverage before accepting. I would also make the old employer forcefully ask for payback before complying.
by milo minderbinder
Fri Jul 12, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Advice for Job Search (Attorneys)
Replies: 12
Views: 1714

Re: Advice for Job Search (Attorneys)

I would think long and hard before joining the stock drop plaintiff bar. Unlike your present situation you will be working with a lot of people you won't like. If you think you may have any moral qualms with a sue first, find liability later extortion mentality don't do it.
by milo minderbinder
Fri Jun 21, 2019 2:19 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 18250

Re: what was your worst major purchase mine is a 2019 mazda3

The WSJ review of the 2019 mazda 3 hatchback last week was glowingly positive. I was thinking of getting one.
by milo minderbinder
Thu Jun 13, 2019 3:26 pm
Forum: Personal Investments
Topic: ARCC
Replies: 1
Views: 186

Re: ARCC

High yielding BDCs are better held in a tax deferred account. Traditional as opposed to Roth.
by milo minderbinder
Sat May 25, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Basement flooded, insurance not wanting pay
Replies: 13
Views: 2421

Re: Basement flooded, insurance not wanting pay

You have to opt in to sump pump coverage. Even if you do it only covers up to $5,000 or at least it did in my case. Sorry, but it doesn't sound like you have much of an argument.
by milo minderbinder
Wed May 22, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Inexpensive way to gain weight
Replies: 54
Views: 2829

Re: Inexpensive way to gain weight

Don't try too "bulk up" without a weight lifting and exercise regime. Otherwise the bulk will just be fat.
by milo minderbinder
Sat May 11, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: Brother in law using our address
Replies: 12
Views: 1768

Re: Brother in law using our address

It is unlikely that there is any financial risk. You do run the risk of bill collectors finding your phone number and hounding you relentlessly.
by milo minderbinder
Wed May 01, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone down-shifted in their career?
Replies: 59
Views: 7815

Re: Has anyone down-shifted in their career?

Be careful you don't sign up for the same amount of stress, albeit of a different variety, for less pay. Individual contributors have less control of their work and often the same if not more work stress.
by milo minderbinder
Tue Apr 30, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Fun-ish Used Boglehead Car
Replies: 86
Views: 6474

Re: Fun-ish Used Boglehead Car

Mini Cooper S. More practical than the Miata and a lot of fun.
by milo minderbinder
Mon Apr 15, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 101
Views: 19562

Re: Do not use Personal Capital

Its in their terms and conditions. You clicked yes when you set up your account.

I liked it but terminated due to security concerns,
by milo minderbinder
Mon Apr 08, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5838

Re: Standard Deduction vs Itemizing - Experience this year

This is the first year since I started doing taxes in 1982 that I haven't itemized. Unless I make an unusually large charitable donation I probably won't itemize going forward. I guess it makes it a little easier, but I'd far prefer not being subject to double taxation.
by milo minderbinder
Mon Mar 25, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should I amend my tax return?
Replies: 2
Views: 405

Re: Should I amend my tax return?

I wouldn't. But if you do it is really easy to plug the K-1 numbers into Turbotax.
by milo minderbinder
Sat Feb 23, 2019 1:56 pm
Forum: Personal Investments
Topic: ST Cash Instrument - ICHS?
Replies: 10
Views: 1165

Re: ST Cash Instrument - ICHS?

Merrill and Etrade make significant money not permitting use of money market account as a core account. The bank rate accounts they provide yield next to zero interest. I use ICHS and MINT. Works fine but will probably fluctuate some in the event of a crisis. I wouldn't use FLOT for this purpose - i...
by milo minderbinder
Fri Feb 08, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 12288

Re: Need Help - DW Laid Off and Company wants her back now

I used to work in the comp and benefits area. My view is she should try to keep the four months severance and, in connection with her reemployment, now that she knows terminations are on the table, receive an enforceable written undertaking that if she is terminated for any reason other than cause ...
by milo minderbinder
Thu Feb 07, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 109
Views: 12288

Re: Need Help - DW Laid Off and Company wants her back now

I used to work in the comp and benefits area. My view is she should try to keep the four months severance and, in connection with her reemployment, now that she knows terminations are on the table, receive an enforceable written undertaking that if she is terminated for any reason other than cause s...
by milo minderbinder
Thu Jan 24, 2019 1:55 pm
Forum: Personal Investments
Topic: Inherited IRA question
Replies: 22
Views: 1639

Re: Inherited IRA question

Schwab had no problem splitting the IRA on the varying dates my siblings and I set up our individual accounts. I'd push back on this and ask for documentation of this restriction.
by milo minderbinder
Mon Jan 14, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the 0.1%
Replies: 32
Views: 5225

Re: Asset Allocation of the 0.1%

Jack FFR1846 wrote:
Mon Jan 14, 2019 9:11 am
I'd be curious if any of these family office strategies beat a simple 60% VTSAX, 40% VBMFX portfolio. I've seen some of the college endowments fail miserably against these many years.
I very much doubt it. They would have a hard time justifying their fees with such an allocation.
by milo minderbinder
Fri Dec 14, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5825

Re: Forgoing health insurance

You don't have to decide tomorrow. You can sign up now and not pay at any time.

And I agree with virtually everyone else that it is a bad idea.
by milo minderbinder
Sat Sep 29, 2018 11:05 am
Forum: Personal Investments
Topic: What's the best method for immediately selling off my ESPP shares?
Replies: 25
Views: 2300

Re: What's the best method for immediately selling off my ESPP shares?

If your employer is a heavily traded large cap use a market order. Otherwise use a limit order at the bid price.
by milo minderbinder
Sun Sep 09, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 7789

Re: Daily Driver (Car) Over 100K Miles?

Forresters from 2009 to 2013 or so have a defect resulting in all kinds of engines leaks at around 140,000 miles. Our 2009 died at an early death at 150,000 miles. I'm sorry but this is not true. The 2011 Forester engine was totally redesigned and has nothing in common with the 2010 and previous ge...
by milo minderbinder
Sun Sep 09, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Rewards Visa Card
Replies: 78
Views: 12559

Re: Fidelity Rewards Visa Card

Yep, I still have the old 1.5% fidelity card. It's seems a bit tacky to leave legacy customers and longtime Fidelity account holders with a lower-rewards card. And I looked at the link and you have to call them and make any changes over the phone, like they are putting obstacles in your way. (You c...
by milo minderbinder
Wed Sep 05, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: ACA premium assistance payback deductibility
Replies: 6
Views: 760

Re: ACA premium assistance payback deductibility

I guess you can extrapolate that the treatment is the same for itemized deductions and the self employed premium deduction but I would have thought this would be tackled directly somewhere.
by milo minderbinder
Sat Sep 01, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: ACA premium assistance payback deductibility
Replies: 6
Views: 760

Re: ACA premium assistance payback deductibility

You don't have to be in a hurry to pay back the APTC until the tax time. The amount you will pay in 2019 is considered paid in 2018 for tax deduction purpose. See IRS Pub 502. Publication 502 goes to the itemized deduction for health expenses. The self employment deduction for health insurance prem...
by milo minderbinder
Sat Sep 01, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: ACA premium assistance payback deductibility
Replies: 6
Views: 760

ACA premium assistance payback deductibility

I can't be the only person with this issue but I haven't seen it satisfactorily addressed. I have an ACA policy for which I have received premium assistance for the first nine months of this year. I pay a little over $700 per month and get premium subsidy of about $1300. I have taken on a independen...
by milo minderbinder
Sat Sep 01, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 7789

Re: Daily Driver (Car) Over 100K Miles?

Forresters from 2009 to 2013 or so have a defect resulting in all kinds of engines leaks at around 140,000 miles. Our 2009 died at an early death at 150,000 miles.