Search found 129 matches

by blackholescion
Fri Oct 11, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Phone call from First Data re possible debit card fraud
Replies: 7
Views: 670

Re: Phone call from First Data re possible debit card fraud

The best thing to do in these situations is hang up and call Fidelity. Ask them if you are supposed to have received a phone call from First Data. I do this every time I get a call I wasn't expecting from a financial institution.
by blackholescion
Thu Sep 26, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 3980

Re: New Credit Card Search - 2 Front Runners?

I have liked the Costco Visa till now. Trip Cancellation has been dropped. Although I've never used the benefit, it gave me comfort booking cruises etc 6 months out. Appears expensive to buy for each trip. I'm looking for replacement and have only found Chase cards so far. Any other suggestions? Am...
by blackholescion
Thu Sep 26, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4011

Re: Can I afford around a $2M home?

Since you said mock, when did you come into your income? 1.9m net worth at 900k salary means you either came into it recently or are catching up. You should be saving at least 300k a year at that income level (which you’re doing), spend 300k and taxes for the rest. You say that you’re spending 150k ...
by blackholescion
Wed Sep 25, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 3980

Re: New Credit Card Search - 2 Front Runners?

Don’t forget that the Walmart card is 5% in store, only for the first year and you have to use Walmart pay. After that you only get the 5% online. Also if you spend more than $3600 a year in groceries, the Amex Blue Cash Preferred is a far superior card to a 3% back at groceries card. You can also b...
by blackholescion
Wed Sep 11, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4098
Views: 771787

Re: What's Your Credit Card Rewards Strategy?

Anyone who does occasional travel and uses Amex MR and can chime in? Between MR and Chase I had 300k points. I've rarely been able to use them when I wanted to. I finally realized (duh) that these points are only a good deal if you're willing to accept whatever travel deals are being offered, and y...
by blackholescion
Fri Sep 06, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4098
Views: 771787

Re: What's Your Credit Card Rewards Strategy?

I want to replace our BofA Travel Rewards (I'm tired of their fraud detection. Burned me one too many times. I've tried working with them, but any time I have to buy something like limited number of concert tickets, I seem to get burned). Currently have Amex Blue Cash Preferred. Debating getting Cos...
by blackholescion
Thu Sep 05, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: 25 y/o, What’s the best plan for me right now?
Replies: 9
Views: 686

Re: 25 y/o, What’s the best plan for me right now?

You switched from the 2055 fund to 4 funds that have nearly the same asset allocation as the 2055 fund. Depending on the expense rations you may have come out slightly ahead. That said, managing 4 funds is slightly more complex than 1 for the probably nominal savings in ER you’re getting. I don’t th...
by blackholescion
Mon Aug 12, 2019 12:21 pm
Forum: Personal Investments
Topic: Help with New House Purchase Decision
Replies: 4
Views: 468

Re: Help with New House Purchase Decision

My opinion is that you clearly have real estate as part of your overall portfolio, which is fine. Your decision comes down to how much real estate do you want as a percentage of your portfolio. Right now you have 50/50 equities/bonds to real estate. Is this too much? Only you can answer that. Are yo...
by blackholescion
Mon Aug 12, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 2960

Re: What am I missing about HELOCs?

I don’t have a CC with a line of $200K for starters. I recently got an offer for a HELOC at 3.5% for the first 12 months. I’m actually tempted to take $150K on the HELOC and invest it :) I think this is what the OP is looking to do. I am as well. With the current IRS tax deductions, you can only do...
by blackholescion
Sun Aug 11, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 2960

Re: What am I missing about HELOCs?

Better for most folks than a credit card at 14% because they have poor credit and just have had the heloc open and sitting there for many years. Consolidating higher interest loans or credit cards using one is an alternative. Also, heloc interest is deductible (still) if used for actual home improve...
by blackholescion
Fri Jul 19, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 8509

Re: Harrassed at work, what steps to take to protect her future employment

Can’t you fire someone for no reason in the U.S.? If the employer doesn’t like her they have the power to just let the employee go. It varies from state to state but generally speaking, yes. Many corporations are risk averse and will do what OP is describing to avoid the potential for lawsuits (dis...
by blackholescion
Tue Jul 09, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4098
Views: 771787

Re: What's Your Credit Card Rewards Strategy?

^good research and info. It be very interesting to have it compare to other rewards systems and determine how much a rewards point would have to be to match BoA. For example Amex Gold 4x Dining would require 1.31c/MR point valuation to match. The Amex points would have to be worth even more than th...
by blackholescion
Sat Jul 06, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Customer negotiating invoice payment
Replies: 17
Views: 1668

Re: Customer negotiating invoice payment

I am an independent contractor as well. If it were me I’d accept the $10,000 and chalk it up to a lesson learned: get a signed contract and clear agreement in writing for anything beyond the scope of the original contract. This. Build or find a change management process including documentation. Use...
by blackholescion
Fri Jul 05, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 5963

Re: 50-60k boat purchase??

You spend about $200k/yr (outside of 529/retirement savings) meaning using 4% SWR you would need 5million when you retire by 65? Are you on track to meet that goal? What? 260k -taxes -50k retirement -18k 529 =~ 130k. OP won’t have child care expenses, mortgage, etc on top of this. $260 - 50k retire...
by blackholescion
Fri Jul 05, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 5963

Re: 50-60k boat purchase??

BanquetBeer wrote:
Fri Jul 05, 2019 1:40 pm
You spend about $200k/yr (outside of 529/retirement savings) meaning using 4% SWR you would need 5million when you retire by 65?

Are you on track to meet that goal?
What? 260k -taxes -50k retirement -18k 529 =~ 130k. OP won’t have child care expenses, mortgage, etc on top of this.
by blackholescion
Fri Jul 05, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14295

Re: Staying the course is so hard (support thread)

Also as someone who has close friends who pay child support, it doesn’t always end at 18. You may be taken back to court for judgement on paying for college (529) but also college living expenses in college that aren’t covered by the 529 since in these situations the child support receiver usually ...
by blackholescion
Wed Jul 03, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14295

Re: Staying the course is so hard (support thread)

Where's your budget? Hard to understand where that huge income is going from the numbers you have given us so far. It sure sounds like you should be able to buy the more expensive house and have it paid off in 5 years or so. Where is the rest of the $720k income going? It seems like with that type ...
by blackholescion
Wed Jul 03, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Hire a driver?
Replies: 63
Views: 3607

Re: Hire a driver?

Most Americans are awake for 16+ hours a day. Since you’re working nights, you’ll have to flip your schedule and may be better to just do it permanently rather than keep flipping back and forth every 4 days. Being awake from 17:00-09:00 isn’t much different as that person awake from 05:00-21:00 who ...
by blackholescion
Tue Jul 02, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 5085

Re: HCOL vs LCOL Dilemma

4) I retired out of corporate IT and never made the sort of money that you are making but one big question is how long you can keep up the high income. As you get older in IT it can be much harder to get interviews and job offers and older workers are usually the ones selected to be laid off when t...
by blackholescion
Mon Jul 01, 2019 9:33 pm
Forum: Personal Investments
Topic: Portfolio Review finally.
Replies: 9
Views: 992

Re: Portfolio Review finally.

I recommend a total market approach. That means VTSAX in your taxable and emulating VTSAX in your 401k. You can do this by buying VTIAX and VTSMX. The small cap is weighted with mid cap companies. You buy in a 4:1 ratio of large to small cap. That will be the equivalent of VTSAX. Basically for ever...
by blackholescion
Mon Jul 01, 2019 9:27 pm
Forum: Personal Investments
Topic: Portfolio Review finally.
Replies: 9
Views: 992

Re: Portfolio Review finally.



Questions:
 1. I am looking to improve my 401K allocations. As of now, each year I’ve met with the financial adviser who would elect the funds and distribution percent for me. I need to cut down on the expense ratio and add bonds to my profile. This year, the adviser did suggest pursuing municipa...
by blackholescion
Mon Jul 01, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 196
Views: 22873

Re: Man’s life savings stolen from hijacked cellphone number

To those with Vanguard accounts, what security measures do you take? The only possible ones. Text based 2FA but not to a google voice number and generated password of max allowed length (20 characters). I also have a generated username so that it’s not obvious like first and last name. Both unique ...
by blackholescion
Mon Jul 01, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 5085

Re: HCOL vs LCOL Dilemma

2) For computer jobs Southern California is not the Bay Area, I would be surprised if you would not also need to take a significant pay cut to get a comparable job in Southern California. OP already said that they accepted a job. Presumably, they didn’t take a huge haircut if any otherwise why both...
by blackholescion
Mon Jul 01, 2019 6:08 am
Forum: Personal Finance (Not Investing)
Topic: HCOL vs LCOL Dilemma
Replies: 96
Views: 5085

Re: HCOL vs LCOL Dilemma

If you can handle the weather and demographic/political differences, you will do better in the long term financially in texas probably, given the limited information herein. LCOL is a big deal. I disagree. They provided enough information. Their salary in California is double what their salary in T...
by blackholescion
Fri Jun 28, 2019 6:39 am
Forum: Personal Investments
Topic: Help with 401k/investment
Replies: 8
Views: 572

Re: Help with 401k/investment

I read through the plan details again and they will definitely match after tax funds as well as long as the total company match along with my funds do not exceed the IRS limit of I believe 56k this year. From what it looks like, I am eligible for an in service withdraw of after tax funds and compan...
by blackholescion
Thu Jun 27, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: friend claiming 17% returns on Life Insurance
Replies: 30
Views: 3820

Re: friend claiming 17% returns on Life Insurance

I’ve had 17% return on my 2 fund portfolio (no bonds yet) this year even with international weighing me down. So there’s that.
by blackholescion
Thu Jun 20, 2019 9:58 pm
Forum: Personal Investments
Topic: AA review - With a nod to 2008
Replies: 12
Views: 1514

Re: AA review - With a nod to 2008

Couple more things. Consider adding some budget items for home repairs. They will happen. Make sure you can afford them and they are included in your 45k. Also, you will still need to pay property taxes and home insurance so a small portion of your mortgage will be perpetual (the escrow). What will ...
by blackholescion
Thu Jun 20, 2019 5:30 am
Forum: Personal Investments
Topic: AA review - With a nod to 2008
Replies: 12
Views: 1514

Re: AA review - With a nod to 2008

Savings has been as follows: (not counting employer match) 2007 unk 2008 unk 2009 2.9k 2010 5.2k 2011 5.6k 2012 6.7k + paid off $9k in student loan debt 2013 7.0k + paid off $16k in student loan debt 2014 7.2k + paid off $11k in student loan debt 2015 9.4k + paid off $4k in student loan debt - spen...
by blackholescion
Wed Jun 19, 2019 9:47 pm
Forum: Personal Investments
Topic: AA review - With a nod to 2008
Replies: 12
Views: 1514

Re: AA review - With a nod to 2008

You are not saving enough. Save 30% income or more to retire that early. Basically this. Your AA is fine. I’m sure your actual fund holdings are fine being a boglehead. 60/40 wont be appreciably different than 80/20. I would wait until 5 years from retirement and glide into 60/40 depending on what ...
by blackholescion
Mon Jun 17, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Career advice — asking for the “gray hair perspective”
Replies: 50
Views: 4374

Re: Career advice — asking for the “gray hair perspective”

You laid out an example where your firm charges a couple months of multiple lawyer's time to do the work, and you have it down to a week. That has to be on the order of $100,000 to $400,000 in savings. How often does a client need this service and how many clients are there for this type of work? A...
by blackholescion
Sun Jun 16, 2019 12:09 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 9698

Re: High net worth individual seeks portfolio advice

Why would anyone buy a 10 year treasury right now at 2.1% when you could get a 5 year CD at 3.15% from a 5 star rated bank (bankrate)? Is it because the treasury has less default risk or because it's worth the loss of 1.05% to lock it in for an extra 5 years? Or is it with the plan to sell it when/...
by blackholescion
Fri Jun 14, 2019 8:22 am
Forum: Personal Investments
Topic: Just starting out: Help with AA
Replies: 13
Views: 871

Re: Just starting out: Help with AA

My main question at this time is how do i value the benefit of tax advantaged accounts vs taxable accounts when dealing with bond allocation. I've read a decent amount saying that we should be putting the highest growth assets in the Roth accounts due to it not being taxed when withdrawn, which mak...
by blackholescion
Thu Jun 13, 2019 12:44 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 9698

Re: High net worth individual seeks portfolio advice

I want to clarify on some of the points and questions that were raised to try to help better educate myself. I definitely realize that I have no way to know when the bottom of the next bear market will be. My thinking and is more along the lines of "Based on how far we are into a record bull market...
by blackholescion
Thu Jun 13, 2019 10:07 am
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 4539

Re: 50 or 75 gallon water heater?

Why not a tankless water heater? We had a Rinnai tankless installed 5 years ago and it's been great, infinite hot water. How does the upfront cost of tankless compare? The estimate we got from the same company for a Navien tankless was $4,200. I haven't really considered the tankless b/c it's expen...
by blackholescion
Wed Jun 12, 2019 4:03 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 9698

Re: High net worth individual seeks portfolio advice

My net worth is comparable to yours, and my strategy was similar as well when I started investing (i.e. wait for a big drop). I was reading every single article about the stock market every single day. I finally pulled the trigger when I was confident the market couldn't go lower. Result: I lost ov...
by blackholescion
Wed Jun 12, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: pc remote viewing software like teamviewer?
Replies: 10
Views: 550

Re: pc remote viewing software like teamviewer?

I believe the way the software works is the remote user must actively grant me access by typing some sort of generated id. You can add their computer as a computer you own and then can get in without having to have them give you a code. I have my parents computer set up this way and it's much easie...
by blackholescion
Tue Jun 11, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3203

Re: Is it bad to look at debt (student loans) like this?

I would say it is bad to look at it that way. If you lose your job, you still have the loans and therefore aren’t debt free. This is also a slippery slope. Is your mortgage then the next 30k so it’s really 70k debt free? Car loan? It’s a quick way to get to living above your means because you don’t...
by blackholescion
Mon Jun 10, 2019 4:19 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3203

Re: Is it bad to look at debt (student loans) like this?

130k income, 5% state tax, single. Contribute 19k to 401k. =111k AGI. =78k after tax =56.7k after student loan payment (-21,300) =50.7k after maxing (r)IRA Here's 100k with no loans: 100k income, 5% state tax, single. Contribute 19k to 401k. =81k AGI. =60k after tax =60k after student loan payment ...
by blackholescion
Mon Jun 10, 2019 3:21 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3203

Re: Is it bad to look at debt (student loans) like this?

Playing devils advocate, I believe many BH’s would react more favorably to a portfolio review post of scenario B than scenario A even though they are quantitatively net equal IMO. I agree. Many BHers do love magic terms like "debt free". This is exactly my point. The numbers are arbitrary, but many...
by blackholescion
Mon Jun 10, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 14537

Re: I'm thinking about buying a supercar anyone here done this and feedback?

OP: I'm of the mind that you should start small and work your way up. Not necessarily a 1995 Miata small, but smaller than straight to an exotic. Pick up a Cayman GT4, an M2/3/4, a 991.1 GT3 (2014-2016) with the 10 year warranty, and drive the snot out of them. Get the seat time, get the experience,...
by blackholescion
Mon Jun 10, 2019 6:36 am
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 3203

Re: Is it bad to look at debt (student loans) like this?

I would say it is bad to look at it that way. If you lose your job, you still have the loans and therefore aren’t debt free. This is also a slippery slope. Is your mortgage then the next 30k so it’s really 70k debt free? Car loan? It’s a quick way to get to living above your means because you don’t ...
by blackholescion
Sun Jun 09, 2019 5:43 am
Forum: Personal Investments
Topic: New ADP 401k just dropped. Which funds? Portfolio shuffle?
Replies: 16
Views: 1903

Re: New ADP 401k just dropped. Which funds? Portfolio shuffle?

blackholescion: blackholescion wrote: Alternately, instead of buying more bonds in the 401k, you can slowly buy more bonds in the traditional IRA while converting the Roth bonds. This will mean slower conversion but less fees. Thanks for all of your time on our behalf, blackholescion! Quick questio...
by blackholescion
Sat Jun 08, 2019 11:32 am
Forum: Personal Investments
Topic: How am I doing?
Replies: 13
Views: 1148

Re: How am I doing?

I assume Seattle Area based on mortgage size and income. Have you calculated your expected retirement expenses and lifestyle? Are you wanting to stay in the area? Downsize from your current mortgage and move to a surrounding city? 31k of new retirement (38 if you count HSA) isn’t going to give you a...
by blackholescion
Thu Jun 06, 2019 8:42 pm
Forum: Personal Investments
Topic: New ADP 401k just dropped. Which funds? Portfolio shuffle?
Replies: 16
Views: 1903

Re: New ADP 401k just dropped. Which funds? Portfolio shuffle?

There isn’t really a way to forecast a better return. You can look at the past history and approximate a guess at future returns. I suspect the return is similar to the vanguard fund without looking things up. Adding up all your old and new expense ratios (converted funds gives you a .17 better rati...
by blackholescion
Wed Jun 05, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12294
Views: 2099894

Re: U.S. stocks in free fall

As long as you equally consider gains as not real I can get behind the logic. Nice pop there before the close today! Even further, most everything these days is just 0’s and 1’s that we have believe will be valued within some reasonable range of value by someone else at some point in the future. Bu...
by blackholescion
Wed Jun 05, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12294
Views: 2099894

Re: U.S. stocks in free fall

This market's crazy "V"s is why I don't consider paper losses or gains real until they are realized. As long as you equally consider gains as not real I can get behind the logic. Nice pop there before the close today! Even further, most everything these days is just 0’s and 1’s that we have believe...
by blackholescion
Wed Jun 05, 2019 5:47 am
Forum: Personal Investments
Topic: New ADP 401k just dropped. Which funds? Portfolio shuffle?
Replies: 16
Views: 1903

Re: New ADP 401k just dropped. Which funds? Portfolio shuffle?

As lakpr said, move those bonds in Roth to equities and buy an equivalent amount of bonds in your 401k to maintain your AA. Since your returns aren’t taxed, you want to maximize them and therefore the bonds are keeping your total returns suppressed. Meanwhile in your 401k, more bonds means a lower b...
by blackholescion
Wed Jun 05, 2019 5:39 am
Forum: Personal Consumer Issues
Topic: Recommendations for "Backup" software
Replies: 40
Views: 2925

Re: Recommendations for "Backup" software

I use FreeFileSync. It has some good options like only back up differences, keep left (source) and right (backup) in sync (if deleted from right, delete from left), always keep whatever is on the right so if you accidentally delete that file from 5 years ago, it’s still on the backup. Delete on the ...
by blackholescion
Tue Jun 04, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to get the lowest mortgage rate?
Replies: 29
Views: 3979

Re: How to get the lowest mortgage rate?

Looking for buy my first house. How can I find the lowest mortgage rate in my area? I don't want to go to 5 banks to get pre-approval, then i will 5 hard pulls. Thanks. That’s not how this works. If you get multiple checks for the same things, credit companies will bunch them together into one pull...
by blackholescion
Mon Jun 03, 2019 7:09 am
Forum: Personal Investments
Topic: Can't do this alone-need a financial planner-please help!
Replies: 49
Views: 9851

Re: Can't do this alone-need a financial planner-please help!

Rick Ferri is a poster on here who is a low cost CFA. He charges a flat fee per hour but it’s generally on you to manage the funds long term. That said, you can always call him up every year and get advice on rebalancing and all that. He can also help find a low cost investment advisor to manage th...