Search found 393 matches

by mighty72
Thu Nov 14, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: pay1040 slow to post on credit card ?
Replies: 5
Views: 346

Re: pay1040 slow to post on credit card ?

Moved the thread to "Personal consumer Issue" sub-forum
by mighty72
Tue Nov 12, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23169

Re: Rich people are hoarding cash

merged rkhusky thread on related topic here. OP was Rich preparing for market drop
by mighty72
Sun Nov 10, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Tale of 2 doctor job opportunities
Replies: 41
Views: 3679

Re: Tale of 2 doctor job opportunities

A lot of great advice. One thing I will add is that you discuss if you get any thing from sale of the PP if it is sold before you become a partner. The revenue you bring in will increase the sale price of the practice. The reason I bring this up is because you mentioned that big hospital are buying ...
by mighty72
Mon Nov 04, 2019 9:55 am
Forum: Non-US Investing
Topic: 5.1m Windfall - please advice
Replies: 22
Views: 3540

Re: 5.1m Windfall - please advice

[moved to non-US investing -mighty72]
by mighty72
Mon Nov 04, 2019 2:00 am
Forum: Investing - Theory, News & General
Topic: Use Post Tax401K/Roth IRA or not
Replies: 4
Views: 331

Re: Use Post Tax401K/Roth IRA or not

I am in similar situation as yours. I do pre-tax up to 19k. At my current tax rate, I prefer the guaranteed savings now. I am close to the top bracket so I assume it can't be much worse in retirement tax-wise. One thing to check is of your plan allows for in-plan conversion to Roth. My plan does and...
by mighty72
Sun Nov 03, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: My Social Security not sending verification code
Replies: 20
Views: 1157

Re: My Social Security not sending verification code

[moved personal finance (not investing)]
by mighty72
Fri Nov 01, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3668

Re: Why SHOULDN’T I open an SAT/ACT prep center?

At one point, I looked into similar opportunity as an additional source of revenue. To understand the business, I contacted several franchise model based companies. I quickly learned that you need volume to make decent money and it means hiring a lot of teachers and then filling up the classes. Als...
by mighty72
Thu Oct 31, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why SHOULDN’T I open an SAT/ACT prep center?
Replies: 29
Views: 3668

Re: Why SHOULDN’T I open an SAT/ACT prep center?

At one point, I looked into similar opportunity as an additional source of revenue. To understand the business, I contacted several franchise model based companies. I quickly learned that you need volume to make decent money and it means hiring a lot of teachers and then filling up the classes. Also...
by mighty72
Tue Oct 29, 2019 11:56 pm
Forum: Personal Investments
Topic: Investment Allocation
Replies: 3
Views: 558

Re: Investment Allocation

welcome to the forum, please edit your post to remove content which is not applicable like Desired Asset allocation: xx% stocks / xx% bonds (Unsure what allocation) Desired International allocation: xx% of stocks (Also unsure) Current total portfolio is mid five-figures. Current retirement assets Ta...
by mighty72
Tue Oct 29, 2019 9:32 pm
Forum: Investing - Theory, News & General
Topic: Curious financial advisor claim . . .
Replies: 30
Views: 4651

Re: Curious financial advisor claim . . .

20 yr review of Mel's Unloved Midcaps might be an interesting read in context of this thread.
by mighty72
Tue Oct 29, 2019 1:23 pm
Forum: Personal Investments
Topic: The Three-Fund Portfolio: Help
Replies: 2
Views: 406

Re: The Three-Fund Portfolio: Help

Split from "The Three-Fund Portfolio" as asking for specific advise. Moved to Personal Investments
by mighty72
Tue Oct 29, 2019 12:01 am
Forum: Personal Investments
Topic: What to do with a "full service" 2M managed portfolio?
Replies: 15
Views: 1846

Re: What to do with a "full service" 2M managed portfolio?

Welcome to the forum. As you will have a large tax hit, unwinding will take time, some work and patience. First of all, it would be helpful if you could include some information about the MF holdings. the name, symbol & expense ration would be good to include. If you already have good, low cost MF, ...
by mighty72
Mon Oct 28, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Is this new to engineering job hunting?
Replies: 33
Views: 4248

Re: Is this new to engineering job hunting?

It is very common to have interns as contractors. It is common enough to have contractors work along side full time employees. I have seen what you are describing as a hiring manager. This means that the company is trying to keep costs down. Either it is in financial trouble or trying to appease the...
by mighty72
Sun Oct 20, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Nanny in Bay Area
Replies: 8
Views: 1473

Re: Nanny in Bay Area

I think what OP wants is a mother's helper who comes for a few hours a day to help. If that is it, $2500 sounds a little steep. I would suggest skip the nanny when on leave and hire one when you have to go to work. You can definitely afford help around the house and I encourage you to have one. Make...
by mighty72
Thu Oct 17, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"
Replies: 140
Views: 9791

Re: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"

[merged Taylor's thread here to keep the discussion in one place]
by mighty72
Thu Oct 17, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Bank of America declares 'the end of the 60-40' standard portfolio
Replies: 88
Views: 15180

Re: Bank of America declares 'the end of the 60-40' standard portfolio

[merged CULater's thread with existing discussion on the same topic]
by mighty72
Wed Oct 16, 2019 12:38 am
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2005

Re: Where to stay in Maui?

We like Fairmont Kea Lani in Wailea. Its expensive but thru costco pretty decent discount, however still expensive. I would recommend staying on leeward side to avoid weather as much as possible this time of year. +1 for Fairmont. It is a pretty good resort, pool & beach are nice. You can walk to o...
by mighty72
Sat Oct 12, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?
Replies: 72
Views: 5267

Re: Offered 18-Month, 0% interest loan w/2% fee. Should I take the loan and invest or pass on the offer?

I would take the loan if and only if 1. I don't use the card at all 2. I was planning to save and invest the loan amount over the period of loan First, condition ensures that I don't end up paying interest on purchased The second condition means that I am just investing early Overall, it is a bit of...
by mighty72
Wed Oct 09, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: lastpass noob question
Replies: 40
Views: 3188

Re: lastpass noob question

the goal is to have only one very strong password to remember. This is your lastpass master password. The rest of passwords are auto-generated and filled using lastpass. N Now, if your computer is used by multiple folks, then I would suggested that you don't click 'remember password' when you log in...
by mighty72
Tue Oct 08, 2019 9:18 pm
Forum: Personal Investments
Topic: Back Door Roth IRA
Replies: 2
Views: 282

Re: Back Door Roth IRA

Welcome to the forum!

Please check this out
https://www.bogleheads.org/wiki/Backdoor_Roth

You can fidelity and they will guide you through it.
by mighty72
Tue Oct 08, 2019 12:40 pm
Forum: Personal Consumer Issues
Topic: Hybrid w/CVT or Non-Hybrid 8 speed
Replies: 23
Views: 1395

Re: Hybrid w/CVT or Non-Hybrid 8 speed

moved to personal consumer issues by mighty72
by mighty72
Tue Oct 08, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Hillarious insight on having $5 Million
Replies: 14
Views: 4014

Re: Hillarious insight on having $5 Million

This topic is locked as non-actionable. If readers can't do anything with the content of a topic other than argue about it, it does not belong here. Also, posts need to be directly related to you or someone you know. Personal Finance This subforum is for personal financial issues that don't involve...
by mighty72
Fri Oct 04, 2019 12:06 pm
Forum: Investing - Theory, News & General
Topic: Balanced or Target
Replies: 3
Views: 590

Re: Balanced or Target

They are different products - balanced index funds give you a fixed allocation between stock and bonds - target date funds adjust the allocation as you get closer to the maturity date with bond allocation increasing over time I don't use either as I have a taxable investment account and treat our (m...
by mighty72
Wed Sep 25, 2019 11:50 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

When my kids were young, I selected books based on whether they had won an award or nomination by a committee that specialized in childrens literature, eg Newberry, Endicott, etc. This way I was fairly certain it was going to be a provocative work, though they typically are fiction. A series I enjo...
by mighty72
Wed Sep 25, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

Thanks everyone for your suggestions, these are very helpful
by mighty72
Wed Sep 25, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

... At this point, I don't see a pattern in what kind of fiction he likes. To us it seems, that he likes to read and doesn't care much about what he is reading. He would even read instructions when I get some tool or gadget; he will read papers we get in mail (ads, notices, etc). He has read about ...
by mighty72
Wed Sep 25, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

Thanks all for your inputs, there are some great suggestions! Yes, we go to the library on a weekly basis and he tends to favor fiction. We do love our local librarians and they have great suggestions. However, there is a bias towards what's in the library and the children's section is fiction whic...
by mighty72
Tue Sep 24, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

Thanks all for your inputs, there are some great suggestions! Yes, we go to the library on a weekly basis and he tends to favor fiction. We do love our local librarians and they have great suggestions. However, there is a bias towards what's in the library and the children's section is fiction which...
by mighty72
Tue Sep 24, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

I would recommend a book by Pam Allyn called "What to Read When". I found it this book a great resource (about a decade ago) as parent of an avid young reader. This book had a very thoughtful suggestions on books age wise and interest wise for young kids. thanks, put it on hold at the local library
by mighty72
Tue Sep 24, 2019 1:07 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Re: Thought provoking non-fiction for 3rd grader

@Uniballer Thanks for the suggestion
@7eight9 great suggestion about the soup kitchen, will look into it. We want to use the kid's current interest as leverage here and that is the reason we thought of books
by mighty72
Tue Sep 24, 2019 12:47 pm
Forum: Personal Consumer Issues
Topic: Thought provoking non-fiction for 3rd grader
Replies: 51
Views: 2516

Thought provoking non-fiction for 3rd grader

Our older kid is an avid reader and reads a lot of fiction books. In various comprehension benchmarking tests, he reads at a 6th grade level though he is 8 year old. At the same time, we feel that the kids are not exposed to struggles of people who are not as fortunate as us and reading non-fiction ...
by mighty72
Tue Sep 24, 2019 12:56 am
Forum: Personal Investments
Topic: Fidelity 3 fund portfolio- new retiree
Replies: 6
Views: 852

Re: Fidelity 3 fund portfolio- new retiree

Moved to Personal Investments
by mighty72
Thu Sep 19, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9246

Re: Best places to live to raise a family (cost doesn't matter)

I assume by "Bay Area" folks mean way way outside of San Francisco which would conceivably one of the worst places to raise a family if you care about safety. If you mean something like Palo Alto or Los Altos then I am on board with this suggestion. Near the coast, good schools, not conservative, s...
by mighty72
Thu Sep 19, 2019 1:07 am
Forum: Personal Consumer Issues
Topic: Best places to live to raise a family (cost doesn't matter)
Replies: 95
Views: 9246

Re: Best places to live to raise a family (cost doesn't matter)

The SF Bay Area, especially if you don’t have to commute. Can’t beat the weather or the outdoor activities. Look in Marin County. Orinda, Lafayette, Walnut Creek, Danville, San Ramon and Pleasanton in the East Bay. Also some options on the Peninsula. +1 you get good public schools, good weather, ne...
by mighty72
Thu Sep 19, 2019 12:21 am
Forum: Investing - Theory, News & General
Topic: Index funds take US lead in assets
Replies: 22
Views: 1877

Re: Index funds take US lead in assets

merged “Index Funds Are the New Kings of Wall Street” as discussing same article
by mighty72
Wed Sep 18, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Will you rather have a high social security income, pension or high networth? Why?
Replies: 3
Views: 723

Re: Will you rather have a high social security income, pension or high networth? Why?

Thread locked as per rule 4#b
Non-actionable (Trolling) Topics

If readers can't do anything with the content of a topic other than argue about it, it does not belong here.
by mighty72
Tue Sep 17, 2019 11:28 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1098

Re: Fidelity 401k automatically convert after-tax balances to Roth?

yes, the same rules apply as if you did an after-tax contribution to IRA and then rolled over to roth IRA. I don't see any advantage of moving money from Roth 401k to Roth IRA unless you have poor investment choices in your 401k. At the beginning of my career, i did Roth 401K contributions. When I ...
by mighty72
Tue Sep 17, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 149400

Re: Fidelity as a one stop shop

The wiki also summaries this post. All are encouraged to add to the wiki if there is more relevant info. You can PM me if you are not a wiki contributor and I can add the info there.
https://bogleheads.org/wiki/Fidelity:_one_stop_shop
by mighty72
Tue Sep 17, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11668

Re: How do you spend money to gain time? (young family)

there are some great suggestions in this topic, I will add what we do: 1. cleaner every 3 weeks 2. someone comes twice a week for a couple of hours to help in the kitchen 3. DW works 0.8 FTE 4. divide & conquer: a. i do the morning lunches and drop the kids b. wife picks up the kids on most days, co...
by mighty72
Tue Sep 17, 2019 4:04 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1098

Re: Fidelity 401k automatically convert after-tax balances to Roth?

With it being in the plan do the same tax rules apply as if I tried to roll after tax to a roth IRA? yes, the same rules apply as if you did an after-tax contribution to IRA and then rolled over to roth IRA. I don't see any advantage of moving money from Roth 401k to Roth IRA unless you have poor i...
by mighty72
Tue Sep 17, 2019 3:24 pm
Forum: Personal Investments
Topic: Fidelity 401k automatically convert after-tax balances to Roth?
Replies: 19
Views: 1098

Re: Fidelity 401k automatically convert after-tax balances to Roth?

It is something your employer needs to add to the plan and may be they did it recently. I would suggest you call fidelity and ask them to set this up for you to see how it goes. my employer allows this and I had this setup with fidelity pretty much as soon as I joined. deductions for my pay check go...
by mighty72
Tue Sep 10, 2019 1:19 pm
Forum: Personal Investments
Topic: Is this what a CFP does?
Replies: 43
Views: 3237

Re: Is this what a CFP does?

A good CFP would do that. I believe Rick Ferri offer something like this and is well regarded here.
by mighty72
Thu Aug 29, 2019 12:04 am
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2794

Re: Maui Honeymoon Daily Spending Budget

Moved to Personal Consumer Issues
by mighty72
Wed Aug 28, 2019 12:25 am
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 28970

Re: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]

Deleted several off-topic posts and edited a few. Please stick to discussion of value stocks & factor investing. Thanks!
by mighty72
Sun Aug 25, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: Technology in K-8 Education
Replies: 51
Views: 1897

Re: Technology in K-8 Education

Most of the work is hand written. I felt very old not long ago when I was cursive writhing notes and millennials observing said, "look he is do that writing". It was like they were observing a Sumerian cuneiform writing on a clay tablet. Sadly many young people today can't read cursive much less wr...
by mighty72
Sun Aug 25, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: Technology in K-8 Education
Replies: 51
Views: 1897

Re: Technology in K-8 Education

In our school district, technology is widely used. IMHO, it is also used in an appropriate manner. Most of the work is hand written. Kids still go to the library and read books. A lot of benchmarking and testing is on the computer. Also, computers are used for extra practice. Most importantly, compu...
by mighty72
Fri Aug 23, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Manager is Interviewing Candidates (External) before Job is posted
Replies: 57
Views: 5877

Re: Manager is Interviewing Candidates (External) before Job is posted

I was a manager once and my manager & I would start reaching out to potential candidates when we knew a new position was coming. We had to fill the position before end of quarter or risk losing it if financials or priorities changed. The potential candidates included people we worked with in the pas...
by mighty72
Fri Aug 23, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: LG oled C9 or LGSk8000 for now
Replies: 17
Views: 1011

Re: LG oled C9 or LGSk8000 for now

I went with OLED a couple of years back. I got a good deal on an open box at Best Buy. The box was open but the tapes on the protectors around the screen were still on. There is a difference in viewing quality for sure & I find it easier on the eyes, specially at night when the lights are dimmed. I ...
by mighty72
Thu Aug 22, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2711

Re: Multi Streams of Income to Build Wealth?

In my opinion, you need to earn more than you spend to build wealth. It doesn't matter if it is one or many. Multiple streams do provide some form of safety net in case you lose on stream of income. As your savings increase, dividends and interest becomes a second stream of income which comes from i...