Search found 59 matches

by apple44
Fri Sep 06, 2019 10:45 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 243
Views: 29299

Re: Index Funds Bubble? [Michael Burry article]

Here's an article directly responding to the Michael Burry article:
Debunking the Silly “Passive is a Bubble” Myth
https://awealthofcommonsense.com/2019/0 ... bble-myth/
by apple44
Thu Aug 22, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 75
Views: 11228

Re: Prepare for Recession?

Thanks everyone for the advice. Good to hear no drastic changes are needed.
by apple44
Thu Aug 22, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 75
Views: 11228

Re: Prepare for Recession?

There has been a lot of talk recently about the upcoming recession. The rumor is that a recession is coming in the next 12 months. So do we need to do anything to prepare for it? All I can think of is to stack up emergency funds because if we lose jobs, it will be difficult to find a new one. Anybo...
by apple44
Thu Aug 22, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 75
Views: 11228

Re: Prepare for Recession?

There has been a lot of talk recently about the upcoming recession. The rumor is that a recession is coming in the next 12 months. So do we need to do anything to prepare for it? All I can think of is to stack up emergency funds because if we lose jobs, it will be difficult to find a new one. Anybo...
by apple44
Wed Aug 21, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 75
Views: 11228

Prepare for Recession?

There has been a lot of talk recently about the upcoming recession. The rumor is that a recession is coming in the next 12 months. So do we need to do anything to prepare for it? All I can think of is to stack up emergency funds because if we lose jobs, it will be difficult to find a new one. Anybod...
by apple44
Tue Jul 23, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1589
Views: 173580

Re: [What TV Show Have You Recently Watched?]

From the Earth to the Moon on HBO: Since July 20 is the 50th anniversary of the moon landing, I started to watch this 1998 series. It's very well done and I highly recommend it if you are interested in learning about the US space program.
by apple44
Fri Jul 19, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 9257

Re: Do you buy cellphone outright or pay over 2 years?

Finance!!! I never finance any purchase other than my home (I paid cash for used cars too) and naturally I bought my iPhone with cash. But my mom used financing to purchase her iPhone. After just a couple of months after her purchase, I decided to switch to T-mobile family plan from Verizon for chea...
by apple44
Mon Jun 24, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4897
Views: 1268662

Re: What Movie Have You Recently Watched?

Always be my maybe on Netflix is a very good romantic comedy starring two East Asians and Keanu Reaves. It's very funny. It's a romantic comedy so it follows the genre's general formula but it's done very well. If you like comedy/rom-com, you'll like it. Yesterday I watched Zodiac on Netflix. It go...
by apple44
Mon Jun 24, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1589
Views: 173580

Re: [What TV Show Have You Recently Watched?]

I'm on maternity leave, so I finally got my money's worth for HBO and Netflix! Recently I watched Bodyguard on Netflix and Chernobyl on HBO, among other shows (I also re-watched all the episodes of GOT). I highly recommend both. Bodyguard is a political/action thriller very well done! The main chara...
by apple44
Wed May 22, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter regarding Backdoor Roth IRA
Replies: 13
Views: 3645

Re: IRS letter regarding Backdoor Roth IRA

Thank you all for helping me! Just wanted to provide an update in case it's helpful to others who are dealing with similar problems. As suggested by the Bogleheads, I filled out two copies of Form 8606, one for me and one for my husband, and sent in those forms with a letter explaining the situation...
by apple44
Tue May 21, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Recently promoted - how to match image with title?
Replies: 54
Views: 5323

Re: Recently promoted - how to match image with title?

haha, some people say Oh come on, people don't notice what you are wearing! Appearances are not important! Congratulations you are living in an entirely different world than us girls! Or you are simply too naive. Sure a lot of people do not notice or comment on women's appearances, but many people d...
by apple44
Tue May 21, 2019 4:21 pm
Forum: Personal Consumer Issues
Topic: Recently promoted - how to match image with title?
Replies: 54
Views: 5323

Re: Recently promoted - how to match image with title?

Congratulations!!! There are not enough of us girls up there! To answer your questions: 1. For the ladies, what was one thing you did to your appearance that helped with your confidence and made people treat you more respectfully? For me, the promotion boosted my confidence. Truth is if I wasn't goo...
by apple44
Fri May 10, 2019 1:24 pm
Forum: Personal Consumer Issues
Topic: Backpacking/study abroad for young folks
Replies: 31
Views: 2309

Re: Backpacking/study abroad for young folks

My major in college (international political economy) requires proficiency in a non-English language in order to graduate, and in order to achieve that and also because the college strongly encouraged it, almost everyone studied abroad for at least a semester, many studied abroad for an entire year!...
by apple44
Thu Apr 25, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 129
Views: 13102

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

The most exciting/unforgettable place is no doubt: Antarctica ! If you have the time and money, go! It's our honeymoon trip and it's totally worth it! Will you elaborate? I know a few people who have gone but it seems like it was mostly just to check the list of having been to all seven continents....
by apple44
Tue Apr 23, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: At what age did you buy your first first class airplane ticket?
Replies: 112
Views: 5308

Re: At what age did you buy your first first class airplane ticket?

I've flown first class from the U.S. to Japan and business class to different countries, but I didn't personally pay for any of it -- most of them were paid by the employer. Have to say, I enjoyed them far more than coach. For me, it depends on how long the trip is and how much money more, so basica...
by apple44
Tue Apr 23, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 129
Views: 13102

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

I'm far from being retired -- I'll likely be working for another 35 years (I like working btw). But before we had kids, I made traveling to all seven continents a goal and condition to having kids, and even after kids, our family have been following the tradition of traveling abroad at least once a ...
by apple44
Mon Apr 22, 2019 4:33 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 16360

Re: How much do you spend on food per month, per person?

See 2 posts above. The "science" is a matter of speech, although I am actually (by education and career) a nutrition and exercise scientist. If you are OK with eating the same things over and over again (which I naturally am, and which my wife and kids have become accustomed to), it doesn't take th...
by apple44
Mon Apr 22, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 16360

Re: How much do you spend on food per month, per person?

$500 per month per person in my family. ~$60-$75/month per person for a family of 4. We are not small people, I'm 6'1 ~200 and the wife is 5'8" 125, and we're both competitive athletes. Growing 7 and 4yr olds. We don't eat out ever and I've got grocery shopping down to a science. Would you please sh...
by apple44
Mon Apr 22, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4897
Views: 1268662

Re: What Movie Have You Recently Watched?

We watched " Andhadhun " on Netflix this weekend. It's a Bollywood movie recommended by my Indian friend. It is soooooo good!!! I cannot recommend it enough! It's a thriller full of twists and turns. You don't know what's the truth until literally the last second -- and even then, I'm not sure I kno...
by apple44
Tue Apr 16, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 7438

Re: Soon to be dad, how to prepare

Also enjoy each stage, take lots of pictures. I read something that sticks with me, you never know when your last is going to be.... The last bottle you are going to feed them, the last time you have them sleep in a basinet in your room, the last time they call you dugga instead of dada, etc. so ta...
by apple44
Mon Apr 15, 2019 6:30 pm
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 94
Views: 6471

Re: Women, How Much Do You Pay for Haircut

I have to say, haircut cost isn't bad compared to nail care cost. I know many women, who aren't poor but who aren't rich either, would spend $30 every two weeks to do their nails.
by apple44
Mon Apr 15, 2019 5:21 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 7438

Re: Soon to be dad, how to prepare

A mom here. Don't get scared! It's not as bad as people say, at least for us. Our baby was pretty good, and my husband didn't lose much sleep at all! Baby was sleeping in a bassinet by our bed during the first three months, and I slept on the side of the bed by the bassinet and breastfed my baby at ...
by apple44
Mon Apr 15, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 94
Views: 6471

Re: Women, How Much Do You Pay for Haircut

My wife...$150 about every 6 weeks......Not sure what that includes. :shock: :shock: And you call yourself a BH........... There are some things you just can't control, right? While I'm perfectly happy with home-brewed coffee and free office coffee, My husband has a $4 cappuccino every day! Sometim...
by apple44
Mon Apr 15, 2019 4:17 pm
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 94
Views: 6471

Re: Women, How Much Do You Pay for Haircut

I'm in the Dallas area. I have a haircut and coloring every four months (including the usual shampooing, styling, etc.), and it costs $80-$100 each time, depending on whether I want extra stuff, such as deep conditioning.
by apple44
Fri Apr 12, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 19021

Re: Bogleheads, why wont anyone hire me?

If sincere, shoot me a PM. I manage the recruiting team of mid-size publicly traded tech company on the west coast and I’d be happy to help review and think about what types of opportunities you might be a fit for in tech. Also, might know a few people in the northeast ;) NoGamleNoFuture, I sent yo...
by apple44
Fri Apr 12, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 19021

Re: Bogleheads, why wont anyone hire me?

I'm responding as if this isn't trolling, which I suspect it may well be... No, its not a matter of luck. The chip on your shoulder is a huge problem. Plenty of people get a good job based on their training, skills and experience. You already at a young age have some false beliefs, meaning ideas no...
by apple44
Wed Apr 10, 2019 4:33 pm
Forum: Personal Consumer Issues
Topic: Contact lens solution
Replies: 20
Views: 1364

Re: Contact lens solution

Maybe try to use those contact lenses that are just for one day? I used to do the 2-week lenses, but I'm not super good with keeping them clean and I would get irritated from time to time. Then I switched to one-day lenses, and don't need solutions any more and don't need to worry about washing my h...
by apple44
Tue Apr 09, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: Lawn Service and Landscaping
Replies: 14
Views: 1133

Re: Lawn Service and Landscaping

Thanks! I’ll ask around and search on nextdoor for recommendations.
by apple44
Tue Apr 09, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Lawn Service and Landscaping
Replies: 14
Views: 1133

Re: Lawn Service and Landscaping

In Texas, my lot was 1/3 of an acre. Lawn mowing and trimming was $50 every other week in-season. Fall and spring clean up (tree/brush trimming, mulch, seasonal fertilizing, etc.) were an additional $75 each season. My neighbor had his elaborate flower beds and bushes attended to at an additional $...
by apple44
Tue Apr 09, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Lawn Service and Landscaping
Replies: 14
Views: 1133

Lawn Service and Landscaping

Our yards and lawn need some serious service. I started to search around for companies that provide these services on Nextdoor, google, etc. I'm curious how much money have you spent on the following: 1. Bi-weekly lawn mowing / leaf blowing (my husband said he'd do it but he's been very sloppy about...
by apple44
Tue Mar 26, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6069

Re: Help with law school decision

Also, consider posting your question on this forum or do some digging there (your daughter may already know about this):
http://www.top-law-schools.com/forums/index.php
by apple44
Tue Mar 26, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with law school decision
Replies: 78
Views: 6069

Re: Help with law school decision

I'm an attorney in big-law for 8 years now, graduated from a top 14 law school, so I may be biased. I'm from the class of 2010, which means I graduated during the deep of the financial crisis, and even from a top 14 law school, we had a hard time finding good paying jobs. The NYTimes even had an art...
by apple44
Thu Mar 21, 2019 9:15 am
Forum: Personal Investments
Topic: First Time Portfolio Review
Replies: 5
Views: 666

Re: First Time Portfolio Review

Thank you both for having the patience to read my long post and for giving me valuable advice! So action items are: 1. Move accounts from TDAmeritrade to Schwab. This may sound very ignorant, but the reason that we have so many accounts is that we never moved anything out of any bank, so here's the ...
by apple44
Wed Mar 20, 2019 1:58 pm
Forum: Personal Investments
Topic: First Time Portfolio Review
Replies: 5
Views: 666

First Time Portfolio Review

Hello, Below please find our information and current asset allocation. Would you please help us make adjustments and help us answer the questions listed? Emergency funds: we have this. Debt: only Mortgage, maturity date 10/1/2030, interest rate 2.75%. Tax Filing Status: Married filing jointly with t...
by apple44
Tue Mar 19, 2019 8:31 pm
Forum: Personal Investments
Topic: 92 year old father - portfolio review - how much "help"?
Replies: 12
Views: 1504

Re: 92 year old father - portfolio review - how much "help"?

No opinion on asset allocation, since it seems that he’s doing just fine. I would say the most important things now are: 1. Gather all account information. ALL. Including deposit safe box. Ask him to think hard and write down everything. 2. Check what life insurance he has. 3. Check who are the bene...
by apple44
Tue Mar 19, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35444

Re: [2018 tax return - How does it compare to previous years?]

Just finished my federal return. The 2018 Form 1040 looks so different from the 2017 Form! Due to the $10,000 cap on property tax, I'm taking a standard deduction vs. itemized deduction like I did in the previous years. However, my earnings went up by $38K and total tax went down by $2K, and the eff...
by apple44
Mon Mar 18, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase $700k home?
Replies: 101
Views: 7475

Re: Should we purchase $700k home?

I understand why other people would caution you against buying the new home. But I think it's OK to go for it! I'm in similar situation as you are -- two working parents with a toddler and a baby due in May, similar net worth, assets, liabilities (we don't have a boat but we have a mortgage on the ...
by apple44
Mon Mar 18, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase $700k home?
Replies: 101
Views: 7475

Re: Should we purchase $700k home?

Net worth looks a bit low for such high incomes. Did you see their ages or the $250k sailboat? I was thinking the exact opposite (and therefore assuming there was some inheritance involved). Exactly my thought! They are 32-33 year old couple with a net worth of 1.2m! That's considered a bit low? Al...
by apple44
Mon Mar 18, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase $700k home?
Replies: 101
Views: 7475

Re: Should we purchase $700k home?

I understand why other people would caution you against buying the new home. But I think it's OK to go for it! I'm in similar situation as you are -- two working parents with a toddler and a baby due in May, similar net worth, assets, liabilities (we don't have a boat but we have a mortgage on the $...
by apple44
Fri Mar 15, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Simple Last Will/Testamentary Trust Question
Replies: 16
Views: 1268

Re: Simple Last Will/Testamentary Trust Question

I'm an attorney, and my advice to you is: Find a real lawyer who specializes in wills and estates! Like I said, I'm an attorney but I don't practice wills and estates law, and I thought how hard could it be? My family situation is simple! I could do some research and figure it out! So I did it for m...
by apple44
Fri Mar 15, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter regarding Backdoor Roth IRA
Replies: 13
Views: 3645

Re: IRS letter regarding Backdoor Roth IRA

When I did my 2016 tax return, I used TurboTax and didn't fill out a tax form -- Turbotax filled out the 8606 with my answers to their questions.
Now that I'm doing the 8606 myself, I realized how much information is missing!
by apple44
Fri Mar 15, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter regarding Backdoor Roth IRA
Replies: 13
Views: 3645

Re: IRS letter regarding Backdoor Roth IRA

Thank you Alan S. That's very helpful!!!
by apple44
Fri Mar 15, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS letter regarding Backdoor Roth IRA
Replies: 13
Views: 3645

Re: IRS letter regarding Backdoor Roth IRA

A Roth conversion is NOT a rollover. So the IRS doesn't want you to send a Form 5498. Please answer the following questions: 1) Did you report the IRA distribution used to do the rollover on your 2016 1040? What was shown as the total distribution? What was shown as the taxable distribution? 2) Did...
by apple44
Thu Mar 14, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS letter regarding Backdoor Roth IRA
Replies: 13
Views: 3645

IRS letter regarding Backdoor Roth IRA

Like several on this forum, I received a letter from the IRS regarding my 2016 backdoor Roth IRA conversion. The IRS considers the $11,000 conversion by my husband and me as taxable income. The letter says: "If the income is an IRA or lump sum retirement distribution and was rolled over, please send...
by apple44
Tue Mar 12, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay home for 1 year
Replies: 30
Views: 2183

Re: Work or stay home for 1 year

There's no right or wrong choices here, just difference choices! I would suggest: -- Talk to your husband. He needs to be fully on board if he's the sole bread earner. -- Talk to your boss and maybe people in your industry: you said you wanted to stay home for a year which implies that you expect to...
by apple44
Tue Mar 12, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Podcasts [Financial]
Replies: 50
Views: 4915

Re: Podcasts

I don't listen to podcasts on financial topics. I tried the Bogleheads podcast but its focus is in investor phycology and I feel that I already knew most of it. I don't easily fall into the traps, I just need more money to save/invest, haha. The podcasts that I listen to: Wait Wait Don't Tell me (se...
by apple44
Tue Mar 12, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: New Dentist - what to watch for financially
Replies: 24
Views: 2593

Re: New Dentist - what to watch for financially

I recently switched dentist too because my old dentist is not "in network" of new employer's dental plan. I immediately noticed some differences: -- My old dentist is male and old, and perhaps old-school. His office feels old too and he treated me like a non-obedient child (if you don't do this, you...
by apple44
Fri Mar 08, 2019 5:45 pm
Forum: Personal Investments
Topic: MetLife Group Variable Universal Life Insurance (GVUL)
Replies: 11
Views: 1048

Re: MetLife Group Variable Universal Life Insurance (GVUL)

I called the administrator. The answers are: (1) No, I cannot opt out, because we relatively younger people are subsidizing the more senior people at the company. The group rate quoted by MetLife applies to the group only because everyone is required to have it. (2) The tax I may pay is under $50/mo...
by apple44
Fri Mar 08, 2019 11:58 am
Forum: Personal Investments
Topic: MetLife Group Variable Universal Life Insurance (GVUL)
Replies: 11
Views: 1048

Re: MetLife Group Variable Universal Life Insurance (GVUL)

Thank you everyone for your advice! On the few pieces of paper I received, one footnote says "This coverage is being provided through a taxable employer bonus. Taxes incurred will depend on your individual circumstances." So this insurance is considered a "bonus" which I have to pay taxes on! :oops:...
by apple44
Thu Mar 07, 2019 6:16 pm
Forum: Personal Investments
Topic: MetLife Group Variable Universal Life Insurance (GVUL)
Replies: 11
Views: 1048

MetLife Group Variable Universal Life Insurance (GVUL)

Hello, I'm 35, married with 2 children. I recently received a package from my employer asking me to enroll in the MetLife Group Variable Universal Life (GVUL) Insurance. It has two parts: 1. Basic minimum required coverage: $750,000 (employer-paid) 2. Supplemental coverage: up to $250,000 without me...