Search found 145 matches

by PowderDay9
Mon Nov 23, 2020 9:03 pm
Forum: Personal Consumer Issues
Topic: Car will fit in garage with one inch to spare - thoughts?
Replies: 41
Views: 3347

Re: Car will fit in garage with one inch to spare - thoughts?

If you do have a really tight squeeze park exactly where you want the vehicle. Then get some fishing line and a plastic golf ball. Hang the golf ball from the ceiling resting on the windshield at eye level right in the middle of the steering wheel. This will make it a lot easier to pull in the garag...
by PowderDay9
Sun Nov 22, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you give your kids if you were UHNW?
Replies: 67
Views: 4371

Re: How much would you give your kids if you were UHNW?

Interesting topic. Some of the principles apply to regular or high nw too. Setting up our trust was tricky/hard. 18? Too early. 26? I think we landed at this age, before any trust $ get released. DW and I were married and had a house at this age. I'm still not sure its the right age for our kids. W...
by PowderDay9
Sat Nov 21, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this $725,000 house?
Replies: 150
Views: 9942

Re: Can we afford this $725,000 house?

Yes, you can easily afford this new house and you should buy it based on the reasons you stated. Some people focus on all the negative things that could happen if everything goes wrong but I think it's more likely that you will continue to be successful financially based on your prior earning, savin...
by PowderDay9
Fri Nov 20, 2020 4:12 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads Greatest Hits
Replies: 29
Views: 4698

Re: Bogleheads Greatest Hits

The first response to this thread made me laugh for awhile. https://www.bogleheads.org/forum/viewtopic.php?t=325278 Somebody asked what is your side job and income. tibbitts replies, "My side job is pointing Bogleheads to the forum search box, where they'll find lots of threads like this one (l...
by PowderDay9
Fri Nov 20, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 284
Views: 18187

Re: Fed up With Flagship

I have been with Schwab for 20 years, Fidelity for 9 years and Vanguard for 2 years. Maybe I don't have the experience of when Vanguard was much better in the past but here is my overall rank of the 3 companies. 1. Vanguard 2. Fidelity 3. Schwab I find the service pretty similar but admittedly don't...
by PowderDay9
Thu Nov 19, 2020 10:37 pm
Forum: Investing - Theory, News & General
Topic: Fed up With Flagship
Replies: 284
Views: 18187

Re: Fed up With Flagship

It’s like these posters ignore what’s happened to Vanguard the past few years (Rick Ferri noted Buckley had Bogle’s statue removed from the front of the building, prior threads on Vanguard eliminating jobs in the US and moving them to India, etc.). When and what happened to the Bogle statue? It was...
by PowderDay9
Wed Nov 18, 2020 10:51 pm
Forum: Investing - Theory, News & General
Topic: What is a High Earner bracket
Replies: 119
Views: 8415

Re: What is a High Earner bracket.

HomerJ wrote: Wed Nov 18, 2020 9:29 pm If you're making that much money, you should be so much better at math than this.
I work with plenty of people who make $200k and are terrible at math. So it doesn't surprise me that some people think the top 1% or top 5% is not rare.
by PowderDay9
Tue Nov 17, 2020 10:21 pm
Forum: Personal Investments
Topic: Is going to a robo advisor for tax loss harvesting worth it?
Replies: 31
Views: 3375

Re: Is going to a robo advisor for tax loss harvesting worth it?

I'd just combine everything into one joint vanguard brokerage account and buy VTSAX. Each month purchase VTSAX one time. Set dividends not to reinvest. Set cost basis to specific identification. You'll know when to TLH because it'll be all over the news. This set up takes only a few minutes per mont...
by PowderDay9
Tue Nov 17, 2020 8:29 pm
Forum: Investing - Theory, News & General
Topic: Anyone here mostly cash in portfolio?
Replies: 154
Views: 13431

Re: Anyone here mostly cash in portfolio?

I truly believe that some people would benefit from a financial advisor if they helped the client from selling low when large drops happen. Obviously AUM advisors can have high fees but that may be better than selling at the bottom every time the market crashes 30%. Investing is more about controlli...
by PowderDay9
Tue Nov 17, 2020 12:19 am
Forum: Personal Investments
Topic: How many years in fixed income if I won the game with 62x yearly expenses
Replies: 35
Views: 4721

Re: How many years in fixed income if I won the game with 62x yearly expenses

I like Dr. Bernstein's idea for those who have won the game. 20 or more years of draw down dollars in "safe" fixed income and invest the rest anyway you want -- even 100% equities. You don't need to triple your nest egg -- you need to make sure it fully funds your retirement and legacy wi...
by PowderDay9
Mon Nov 16, 2020 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

I think there must be a solution that does not include the need for overdraft protection. It does seem like it might be easier for you to just pay all the major bills, including your wife’s credit card bills. In addition or alternatively, you can set up alerts that can hopefully give you time to re...
by PowderDay9
Mon Nov 16, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 305
Views: 49254

Re: High Earner Careers?

Radiologist. High earner and easy work. I'd be concerned artificial intelligence would substantially reduce the number of radiologists needed. I was at a large conference last year and the keynote speaker said, "you can just stop training new radiologists now because by the time they get out, ...
by PowderDay9
Mon Nov 16, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 100k paycut for a less stressful job?
Replies: 76
Views: 6163

Re: Taking a 100k paycut for a less stressful job?

Thanks for what you do. It's not easy especially during these times. Have you looked into a freestanding ER? I have an ER doc friend in his upper 30s who worked at a busy hospital and then went to work nights at a small freestanding ER in the suburbs. He only worked there less than a year though and...
by PowderDay9
Mon Nov 16, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

Many years ago, I called up Schwab and had them turn off the overdraft protection as it was an extremely undesirable feature for me. As you may know, with Schwab, you can open multiple checking accounts and multiple brokerage accounts - I have two of each. When I travel, I use Schwab's ATM debit ca...
by PowderDay9
Mon Nov 16, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

tj wrote: Mon Nov 16, 2020 8:06 pm
then Chase 2% on everything that doesn't fit in one other the other categories)
What Chase card offers 2%?
Sorry, it's the Citi double cash. I obviously have too many credit cards!
by PowderDay9
Mon Nov 16, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

Try this. --Increase your desired 1x checking balance to 2x or 3x level. Don't worry, you don't have to leave money on the table*. --Use only one checkbook and checks that make a duplicate copy. --Set up notification should account balance drop to 1x level. Assume that's a thing and can be done. --...
by PowderDay9
Mon Nov 16, 2020 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

This is why I use Mint and aggregate all our accounts so I can track all spending across all accounts. I use mint as well but only for credit cards. I don't want to give them my login for my checking account though. Are you saying that you can notice if a pending transaction will cause an overdraft...
by PowderDay9
Mon Nov 16, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

We target $2k as our floor in our checking account but it's a joint account and accidents happen from time to time. How? Not trying to blame the victim or anything, but figure out how mistakes get made, and stop doing that. One suggestion would be to stop writing checks. Pay for everything with cre...
by PowderDay9
Mon Nov 16, 2020 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Which health plan to pick?
Replies: 9
Views: 691

Re: Which health plan to pick?

Yes that link above should help you. A simple example helped me understand why it's best to pay post-tax for medical expenses and leave the HSA funds to invest. For simplicity sake, say you have 2 accounts with the following balances. HSA account: $3k Savings account: $3k Now you have a $1k medical ...
by PowderDay9
Sun Nov 15, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Which health plan to pick?
Replies: 9
Views: 691

Re: Which health plan to pick?

Does your state tax HSA contributions or investment gains? If not, then I'd choose the HSA compliant plan. Check with your plan but preventive care should be covered first dollar at no cost to you (before you pay your deductible). I'd take the $1k HSA company contribution and max out your HSA. Then ...
by PowderDay9
Sun Nov 15, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Plan
Replies: 42
Views: 3003

Re: Deferred Comp Plan

If the tax break saves you 10% (just for the sake of discussion), then unless the risk of your employer going bankrupt before you withdraw the funds is at least 10%, then it makes sense to utilize the deferred comp plan, especially since the OP is maxing out everything else. And the OP says that th...
by PowderDay9
Sun Nov 15, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Plan
Replies: 42
Views: 3003

Re: Deferred Comp Plan

Personally, I find the risk of 100% loss if my employer files for bankruptcy too big a hurdle for me to overcome for the tax benefits gained. I think about this a lot as well and think 10% of net worth in NQDC would be a reasonable limit. However, how big of a risk is not being paid out the funds? ...
by PowderDay9
Sun Nov 15, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Re: Schwab Bank Cancels Overdraft Credit Line

We target $2k as our floor in our checking account but it's a joint account and accidents happen from time to time.
by PowderDay9
Sun Nov 15, 2020 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank Cancels Overdraft Credit Line
Replies: 35
Views: 2479

Schwab Bank Cancels Overdraft Credit Line

I received an email from Schwab Bank that they are closing our Overdraft Credit Line. Since we don't use their brokerage or savings accounts, we now have zero overdraft protection and will be subject up to $100 in overdraft fees per day. I watch our checking account fairly closely but the overdraft ...
by PowderDay9
Sat Nov 14, 2020 5:21 pm
Forum: Personal Investments
Topic: Is going to a robo advisor for tax loss harvesting worth it?
Replies: 31
Views: 3375

Re: Is going to a robo advisor for tax loss harvesting worth it?

Option (e). Move everything to vanguard and do TLH yourself. TLR isn't worth the complexity and fees of a roboadvisor. Sure it's nice when you have low balances but once you get your account up to a few hundred thousand, it doesn't make sense anymore. For example, say you had 500k in total US and yo...
by PowderDay9
Sat Nov 14, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: FSA Surprisingly Better Than HSA?
Replies: 9
Views: 754

Re: FSA Surprisingly Better Than HSA?

So you're going to save $13.25 on taxes if you spend all $2750 in your FSA? That seems pretty trivial to me. How do you know you're going to use all $2750 next year? If you don't, HSA would have been better. You probably know this but not all states tax HSAs like California. In these other states, H...
by PowderDay9
Sat Nov 14, 2020 11:11 am
Forum: Personal Investments
Topic: What witholdings reduce social security taxable income?
Replies: 2
Views: 338

Re: What witholdings reduce social security taxable income?

You should be able to take your year end paycheck and W2 and reconcile them. I highly recommend that as you'll better understand how each box is calculated. As for what reduces social security wages 403B - No HSA - Yes DCFSA - Yes State taxes - No Usually employee paid medical, dental, vision are ex...
by PowderDay9
Sat Nov 14, 2020 10:44 am
Forum: Personal Investments
Topic: How to judge the year financially
Replies: 33
Views: 3292

Re: How to judge the year financially

I track net worth but I think the more important financial metric is your investments divided by your projected annual expenses. Even if your investments went up, your expenses may have also gone up by the same percentage. If the expense increase was due to inflation then you're no better off. If th...
by PowderDay9
Fri Nov 13, 2020 2:16 am
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 480
Views: 37936

Re: Items that are worth the money for the quality

MVNOs, I pay $6.46 per month for my cell phone plan on Tello
Costco Toilet Paper
Costco Pre-Made Taco Kit Dinner
Kirkland Premium Dog Food
Darn Tough Socks
Smith I/OX Ski Goggles
Bogleheads Conference :sharebeer
by PowderDay9
Fri Nov 13, 2020 1:57 am
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 480
Views: 37936

Re: Items that are worth the money for the quality

PPO health insurance plan (vs HMO) Original Medicare (vs Advantage) Why original Medicare vs advantage? Trying to help my mom navigate this...thanks Most Medicare Advantage plans have a restricted network of providers. In my opinion this alone is enough to make them a poor choice. There are many ot...
by PowderDay9
Fri Nov 13, 2020 1:36 am
Forum: Personal Consumer Issues
Topic: Expecting first baby/child - recommended reading materials?
Replies: 34
Views: 1735

Re: Expecting first baby/child - recommended reading materials?

Surprised no one said this yet. There is no book that will prepare you for your first child. Im at week 4. Its definitely challenging. Everyone is going to tell you something different. What worked for someone else's child may not work for you. You are going to be tired. You will be sleep deprived,...
by PowderDay9
Thu Nov 12, 2020 10:18 am
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17212

Re: Can I retire at 49

It sound like you won't know if you lose your job until January, but I would consider taking a CARES Act distribution from your IRA if you are eligible. You can take out up to $100k by 12/31 penalty free and spread the income over 3 years. You can pay it back within 3 years and there is no tax/pena...
by PowderDay9
Thu Nov 12, 2020 9:51 am
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17212

Re: Can I retire at 49

It sound like you won't know if you lose your job until January, but I would consider taking a CARES Act distribution from your IRA if you are eligible. You can take out up to $100k by 12/31 penalty free and spread the income over 3 years. You can pay it back within 3 years and there is no tax/pena...
by PowderDay9
Wed Nov 11, 2020 11:51 pm
Forum: Personal Investments
Topic: Another...can I retire post (47YO)
Replies: 41
Views: 5665

Re: Another...can I retire post (47YO)

I think you're good to retire. The potential for rent increasing faster than expected would worry me a bit though. Have you thought about buying a house to reduce that risk?
by PowderDay9
Wed Nov 11, 2020 11:42 pm
Forum: Personal Investments
Topic: Can I retire at 49
Replies: 192
Views: 17212

Re: Can I retire at 49

I'd suggest that anything that models out at 90% or better is just fine. In reality, your chances of actually going broke are near zero. The doomsday scenario where you're broke, homeless, and panhandling on the street in your 90s don't happen because people make sensible adjustments to their spend...
by PowderDay9
Wed Nov 11, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 276
Views: 19667

Re: Taylor Sends His Best to Fellow Bogleheads

You're looking great! Glad to hear you are back home.

Happy Veteran's Day!
by PowderDay9
Tue Nov 10, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Decision time - Employer or ACA healthcare insurance?
Replies: 23
Views: 1460

Re: Decision time - Employer or ACA healthcare insurance?

- Another wrinkle in all this is ... my agency is starting a Roth option at the end of this year. If I go the Employer Retiree option, I wouldn't have to be concerned about the Premium Tax Credit income limit and I could front-load the entire $26,500 into Roth instead of my tax-deferred 457b. That ...
by PowderDay9
Tue Nov 10, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase Sanity Check
Replies: 92
Views: 6494

Re: House Purchase Sanity Check

I asked this exact question on other forums and the reactions were overwhelmingly positive. For example, "You're violating the rule of thumb that you shouldn't assume a mortgage greater than 3x your annual income, however you'll have immediate equity and a low interest rate." Or, "He...
by PowderDay9
Tue Nov 10, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Decision time - Employer or ACA healthcare insurance?
Replies: 23
Views: 1460

Re: Decision time - Employer or ACA healthcare insurance?

You'll be Medicare eligible in 3 years. If you will be getting large ACA premium subsidies over the next three years and don't have plans for Roth conversions, then I'd go the ACA route. The risk of the ACA going away in the next 3 years is extremely low in my opinion. The employer plan for $850 per...
by PowderDay9
Fri Nov 06, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: If retired, what is the quotient of the market value of your home and your net worth?
Replies: 93
Views: 5905

Re: If retired, what is the quotient of the market value of your home and your net worth?

I'll echo someone earlier who said this is irrelevant. The only relevant question is whether your invested (non-house) assets are sufficient to cover expenses. If you have $10 million in invested assets and annual expenses of $200,000, does it really matter if your house is $1 million or $10 millio...
by PowderDay9
Mon Nov 02, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Would a $1MM inheritance change your retirement plans?
Replies: 113
Views: 10060

Re: Would a $1MM inheritance change your retirement plans?

It wouldn't change my retirement plans but might make retirement better. Like others have said, don't count on it until you receive it. I am counting on social security though and have full confidence it will be around for generations.
by PowderDay9
Sun Nov 01, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: New opportunity in Austin vs current employer in california
Replies: 36
Views: 2810

Re: New opportunity in Austin vs current employer in california

If it were me, I'd move to Austin! If you like BBQ and other food, they are one of the best cities for that (mmmmm, Salt Lick). In a heartbeat, but am I the only one who thinks Salt Lick is hugely overrated? Of all the BBQ places I tried in the Austin area (many of which are not known names) during...
by PowderDay9
Sun Nov 01, 2020 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: New opportunity in Austin vs current employer in california
Replies: 36
Views: 2810

Re: New opportunity in Austin vs current employer in california

If it were me, I'd move to Austin! If you like BBQ and other food, they are one of the best cities for that (mmmmm, Salt Lick). In a heartbeat, but am I the only one who thinks Salt Lick is hugely overrated? Of all the BBQ places I tried in the Austin area (many of which are not known names) during...
by PowderDay9
Sun Nov 01, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: New opportunity in Austin vs current employer in california
Replies: 36
Views: 2810

Re: New opportunity in Austin vs current employer in california

Either you both are very underpaid at your current employers or these job offers are a huge career advancement. Based on your comment about your current employer increasing your comp by $60k upon knowing the new offer, I'd venture to guess you were paid below your market value. If you think this is ...
by PowderDay9
Sat Oct 31, 2020 9:01 pm
Forum: Personal Investments
Topic: FZROX vs VTSAX
Replies: 20
Views: 2150

Re: FZROX vs VTSAX

VTSAX is more tax efficient so it is better in a taxable account. I would not buy FZROX in taxable. For tax-advantaged accounts (401k, IRA, etc) you can use either fund. FZROX has a lower expense ratio but also has less stocks than VTSAX. The performance of both should be almost identical so I'd sli...
by PowderDay9
Sat Oct 31, 2020 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Excel formula help re: calculating tax within brackets
Replies: 21
Views: 2149

Re: Excel formula help re: calculating tax within brackets

I break the formula up. To get the taxable amount for each bracket, I do: =MAX( 0, MIN([Upper Bracket],[Income])-[Lower Bracket] ) And then the tax on each bracket is that amount multiplied by the rate. Each bracket gets a row, and then I sum it up to get the total tax. This is the most efficient a...
by PowderDay9
Mon Oct 26, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap company reviews
Replies: 40
Views: 3009

Re: Medigap company reviews

- the only real difference between medigap companies is price & customer service, many people go with the lowest price I believe a third factor (which is perhaps unknowable) is the potential for the chosen company to increase rates faster than average. I seem to remember reports of some provide...
by PowderDay9
Sun Oct 25, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: do doctors/hospitals HATE Medicare Advantage (as payers)
Replies: 126
Views: 10656

Re: do doctors/hospitals HATE Medicare Advantage (as payers)

What is average premium difference between a Medigap plan, and a Medicare Advantage plan? I see one post with an example of paying $57 for HD Plan G+$23 for Part D, so that is $960 a year. I would not choose MA for that kind of savings with added headache, but everyone's MMV. It varies substantiall...
by PowderDay9
Sun Oct 25, 2020 1:45 am
Forum: Personal Finance (Not Investing)
Topic: do doctors/hospitals HATE Medicare Advantage (as payers)
Replies: 126
Views: 10656

Re: do doctors/hospitals HATE Medicare Advantage (as payers)

An awful lot depends on where you live in the country. I'm enrolled in an MA plan. The greater the competition between networks - the more benefits for the enrollee. Big networks of docs - and I could change networks in any given month as many times as I want. Do not have to wait for open season. $...
by PowderDay9
Sat Oct 24, 2020 4:26 pm
Forum: Personal Investments
Topic: Recently left job - have $100K sitting in Traditional 401(k)
Replies: 15
Views: 1085

Re: Recently left job - have $100K sitting in Traditional 401(k)

Leave it in the 401k or roll it into your new 401k but don't covert it to Roth in the 37% tax bracket. You should consider future contributions into traditional 401k, not Roth 401k. Almost everyone here will recommended that to you.