Search found 10364 matches

by letsgobobby
Mon Sep 25, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 68
Views: 4253

Re: Tipping question....Applebees

Speaking of surprise, I'm surprised some people don't know that in 7 states the minimum wage for servers is the same as the usual minimum wage. This Excluding my favorite restaurant, I rarely go out to eat. When I do go out to eat, I only tip on the pre-tax amount and it's probably between 10-15%. ...
by letsgobobby
Mon Sep 25, 2017 12:16 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 68
Views: 4253

Re: Tipping question....Applebees

The main problem is that Americans still tip. Tipping is an antiquated and unnecessary step in the dining experience that adds zero value. It creates big disparities in pay between the front and back restaurant staff. It's because servers get paid 2 bucks an hour. In every other country in the worl...
by letsgobobby
Sun Sep 24, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Honda CRV All Wheel Drive VS Front Wheel, Which One?
Replies: 33
Views: 1720

Re: Honda CRV All Wheel Drive VS Front Wheel, Which One?

beyond the snow we've found AWD in our old RAV4 very helpful off-road - on muddy dirt roads, crossing shallow streams, on the beach. If none of this will be part of your driving in retirement then you may not need AWD.
by letsgobobby
Sat Sep 23, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1246

Re: Merging inheritance with different asset allocation

I haven't run the numbers because I don't have the money lying around to do it, but you're allowed to basically frontload your 529 contributions. Something like $70k at once (you then have to wait a period of I think 5 years, but please dont rely on my post for the details). The upshot is that the ...
by letsgobobby
Sat Sep 23, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 898

Re: Head-scratcher -- does Vanguard ever mistakenly charge fees?

oldcomputerguy wrote:
Sat Sep 23, 2017 10:17 am
letsgobobby wrote:
Sat Sep 23, 2017 10:09 am
I think that list has a mistake on it. It says that the Vanguard tax-exempt bond index fund admiral shares charges a purchase fee, but there is no such Vanguard fund.
Vanguard Tax-Exempt Bond Index Fund Admiral Shares
VTEAX
0.25% purchase fee
huh. didn't see that. thanks.
by letsgobobby
Sat Sep 23, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Head-scratcher -- does Vanguard ever mistakenly charge fees?
Replies: 10
Views: 898

Re: Head-scratcher -- does Vanguard ever mistakenly charge fees?

I think that list has a mistake on it. It says that the Vanguard tax-exempt bond index fund admiral shares charges a purchase fee, but there is no such Vanguard fund. There is a vanguard intermediate term tax-exempt bond index fund but it does not charge a purchase fee. Can someone clarify?
by letsgobobby
Thu Sep 21, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy to "shelter" money from Financial Aid calculations
Replies: 23
Views: 1150

Re: Life Insurance Policy to "shelter" money from Financial Aid calculations

I have a child that is looking to attend an elite school. I have about $50K in a 529 and additional savings that could be used for tuition. I will not have enough to fully fund the expense. I have been told that I can buy a Life insurance policy and stash cash in the "account" and that this cash wi...
by letsgobobby
Thu Sep 21, 2017 8:24 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 105
Views: 6100

Re: No More Saving???

Yes, we could stop saving - I just couldn't stand the thought of all that spending!
by letsgobobby
Thu Sep 21, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1398

Re: Should I be worried about my AA?

do you have access to a 403b? Yes, should I have done that instead of an IRA? depends what options are available in your 403b. you may have very good low cost options, or you may not. can you list your investment options? is there an available 403b match? No match. My administration said they have ...
by letsgobobby
Thu Sep 21, 2017 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1246

Re: Merging inheritance with different asset allocation

also adding that it would be common to keep inherited assets separate from marital assets.
by letsgobobby
Thu Sep 21, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1398

Re: Should I be worried about my AA?

jbird wrote:
Thu Sep 21, 2017 1:41 pm
letsgobobby wrote:
Thu Sep 21, 2017 1:12 pm
do you have access to a 403b?
Yes, should I have done that instead of an IRA?
depends what options are available in your 403b. you may have very good low cost options, or you may not. can you list your investment options?

is there an available 403b match?
by letsgobobby
Thu Sep 21, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1246

Re: Merging inheritance with different asset allocation

We just completed the process of dividing the assets of my late mother between me and my sister. I am wondering about what strategy Bogleheads use for adjusting asset allocation in this situation where I will be merging a large amount of assets with a different AA. I will give general dollar amount...
by letsgobobby
Thu Sep 21, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1398

Re: Should I be worried about my AA?

do you have access to a 403b?
by letsgobobby
Thu Sep 21, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 127
Views: 21122

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

Oh yeah, I dig that megacab. I never knew of such a thing. Does that give you some good space behind the rear seat? Probably a lot more than a crew cab would. An extra 1-1.5 feet on the floor plus a nice recline for the rear seats. Good safe place to hide valuables, and store stuff you don't want i...
by letsgobobby
Wed Sep 20, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 127
Views: 21122

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

Coffee maker? Sorry, I just assumed it would have been Tundra or F150. Wow, you went for the real big boy truck. Dang, with that thing you'll never have to worry "Can I tow it?" for sure, I didn't ever want to have to second guess my purchase. The only thing I didn't get was the dually, I just deci...
by letsgobobby
Wed Sep 20, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 127
Views: 21122

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

ha! i splurged and bought a new full ton RAM. can tow 28,000 pounds and payload 4000. big and red. megacab for extra space to bring kids and stuff. leather and heated everything, power folding mirrors, cameras and sensors... the whole package!
by letsgobobby
Wed Sep 20, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23584

Re: Calling out the not so rich bogleheads

To all those posters who are trying to say that I was somehow trying to hide or downplay my financial status, I would ask to go through this thread and you will see that I have already mentioned in one of my posts that I feel fortunate to be in the two comma club. I did start off from zero, and the...
by letsgobobby
Wed Sep 20, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 127
Views: 21122

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?

How long is your commute? You can buy a lightly used Leaf for under $10k and with 80 miles real world range that could be enough for most purposes. I don't think you could financially justify replacing an '11 Prius with a new Bolt or Tesla 3. You'd have to drive a huge number of miles to make the mi...
by letsgobobby
Sat Sep 16, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2024

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year. I have not invested in REIT. I have a 3 fund portfolio and I add rentals as a diversifier. You can however say that I invested in REIT if I own the 3 fund portfolio. I could buy max 6 but if I can only find 3 or 4 deals...
by letsgobobby
Sat Sep 16, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 year refinance vs cash out refinance
Replies: 32
Views: 2024

Re: 15 vs 30 year refinance vs cash out refinance

tell me more about your decision to buy 5-6 rental properties in the next year.
by letsgobobby
Fri Sep 15, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: NY 529 Plan
Replies: 8
Views: 716

Re: NY 529 Plan

dskillz1 wrote:
Fri Sep 15, 2017 3:46 pm
Great so if your education expenses are fully qualified this plan basically is completely tax free considering its funded with after tax monies to begin with correct?
Right, as is true with all 529s.
by letsgobobby
Thu Sep 14, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3366

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

madsinger reported that he rebalanced yesterday: https://www.bogleheads.org/forum/viewtopic.php?p=3530662#p3530662 That led to an interchange where neither one of us likes to move more than about a percent or two of our portfolios at once in a rebalancing move. That is, large moves are not for us. ...
by letsgobobby
Wed Sep 13, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1885

Re: Inherited Savings Bonds

I redeemed about ten bonds at once a few years ago. The certifying officer at my credit union certified my signature on the Treasury form requesting redemption, not each individual bond. Correct. since you have the bonds, it's actually pretty easy, and if your bank doesn't know what a certifying of...
by letsgobobby
Wed Sep 13, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: Medical residents: pre-tax (403b) vs taxable
Replies: 11
Views: 940

Re: Medical residents: pre-tax (403b) vs taxable

The only reason I thought of why you should choose pre-tax OVER taxable in this situation is the opportunity to roll over to a traditional IRA and convert to Roth your first year as an attending (as your salary will generally still be fairly low - you will be a resident until June/July and only hav...
by letsgobobby
Wed Sep 13, 2017 2:18 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 10249

Re: The 10 year car ownership "rule"

Shoot, we've never retired a car at anything under 10 years.

13, 14, 13, 16 were the last four and currently working 11, 5, and a new truck. Anything under 10 seems really wasteful.
by letsgobobby
Tue Sep 12, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: 529s - Problem w/ age based plan?
Replies: 11
Views: 2352

Re: 529s - Problem w/ age based plan?

Just to revive an inactive thread....I have a child who is two years away from college and I have enough in a Utah 529 to pay for undergrad and I'm still actively contributing. He will probably go to grad/medical school also. I am using a 529 mostly as a tax advantage, I have a million+ net worth, ...
by letsgobobby
Mon Sep 11, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Beneficiaries & Access to Joint Account
Replies: 7
Views: 636

Re: Vanguard Beneficiaries & Access to Joint Account

each of you needs to set up a separate login. each of you will see access to the same joint account under your own login. I don't think this happened. Before we were married (maybe early 2000's), I had a Vanguard account with a small Roth IRA. I transferred the account to Fidelity and I believe I c...
by letsgobobby
Mon Sep 11, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Protection Aginst Tax Fraud in Light of Equifax Hack
Replies: 6
Views: 790

Re: Protection Aginst Tax Fraud in Light of Equifax Hack

it is very difficult to plan in such detail if one's income is variable. dividends, etc aren't well known til mid or late December. K-1s may come six months later. there is the risk of an underpayment penalty if one owes too much.

is there no other step one can take?
by letsgobobby
Mon Sep 11, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Beneficiaries & Access to Joint Account
Replies: 7
Views: 636

Re: Vanguard Beneficiaries & Access to Joint Account

each of you needs to set up a separate login. each of you will see access to the same joint account under your own login.

Vanguard apparently does not allow joint accounts to establish beneficiaries. There may be exceptions for Flagship and up investors as well as a few grandfathered folks.
by letsgobobby
Fri Sep 08, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8395

Re: When calculating net worth, how do you value your house?

But let's be honest, once someone's net worth gets into the hundreds of thousands of dollars, they're just tracking it to make themselves feel good or for bragging rights. They have a pretty good handle on finances at that point and there's really no need to track net worth. Other than to use it to...
by letsgobobby
Thu Sep 07, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5117

Re: To take or not to take delivery of Tesla 3

An EV with 200 mile range is really perfect for my 80 mile roundtrip commute. It's too far for a Leaf, but the idea of never buying gas again for 17,000 miles per year is attractive. At 25 mpg I'm buying 680 gallons per year or about $2000 at current prices. Including other driving I think I could s...
by letsgobobby
Thu Sep 07, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client, with a small twist
Replies: 18
Views: 1371

Re: Chase Private Client, with a small twist

I'm Chase Private Client and they want you to invest in their managed accounts and proprietary funds - but you don't have to. I haven't tried to do it yet but supposedly you can just tell them to buy shares of Vanguard admiral funds and they will. I've found it helpful to have free everything as I d...
by letsgobobby
Wed Sep 06, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 61
Views: 5117

Re: To take or not to take delivery of Tesla 3

For all the reasons mentioned, I am about 90% decided to cancel my reservation.
by letsgobobby
Fri Sep 01, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sitting on the sidelines...for now
Replies: 32
Views: 3774

Re: Sitting on the sidelines...for now

Just retired 3 months ago at 64. Not collecting SS just yet. Anticipate that I have enough on hand to wait until FRA. I have enough in my tax deferred accounts to be comfortable after the post election run-up in the market. I recently transferred all of my previous work 401K's to a Vanguard MM IRA....
by letsgobobby
Thu Aug 31, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2470

Re: Pork shoulder on Weber E-310: Best practices?

Side note, what do you two think of the E-310? It is on my list to buy this fall. Recommended by Cooks Illustrated.
by letsgobobby
Wed Aug 30, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Umbrella Policy Coverage
Replies: 17
Views: 1557

Re: Umbrella Policy Coverage

This question has been asked many times and the bottom line is no one knows. Get at least one million and after that your guess is as good as mine.
by letsgobobby
Wed Aug 30, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2163

Re: [How can people avoid the estate tax?]

There don't seem to be any trivial ways other than to spend down the estate to under the limit? In places like WA with the 2M limit especially. Step 1: Talk to a lawyer based in WA to ensure that you and your spouse gets WA's $2.1M exemption EACH. Step 2: Give your heirs part of their inheritance e...
by letsgobobby
Wed Aug 30, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2163

Re: [How can people avoid the estate tax?]

You have a $5.49M lifetime gift exemption ($11M for married couple), so as long as you are able to gift the money before you die you do not have to pay a dime of estate tax. You do have to be either stupid or very, very rich to pay estate tax, in which case I am all for it. state estate tax exempti...
by letsgobobby
Tue Aug 29, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Concerns about under/over funding 529
Replies: 16
Views: 1389

Re: Concerns about under/over funding 529

I'm unsure about how to consider the tax penalty. Would the benefit of tax-free growth at least partially cancel out the penalty? Not really because you'd pay ordinary income tax rates on the growth, not capital gains rates, in addition to the penalty. surprisingly, this can still be a net positive...
by letsgobobby
Tue Aug 29, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2636

Re: Taxable retirement account for young physician

I don't think anyone is in a position to be advising him to spend less or that he is living too rich. Residency is stressful, healthy and mobile years are only so long, and looking at numbers on a computer screen is a lot more boring than living an abundant life. In my opinion, saving 20% of a 500k...
by letsgobobby
Tue Aug 29, 2017 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Taxable retirement account for young physician
Replies: 25
Views: 2636

Re: Taxable retirement account for young physician

You're off to a great start because you're informed. You might think about saving more than $100k. Even paying $200k in taxes that suggests you are spending $200k per year, which is rich. I usually suggest living like a resident for 5 years; WCI suggests 3 years; we did 7. Put aside $200k per year a...
by letsgobobby
Sun Aug 27, 2017 11:12 pm
Forum: Investing - Theory, News & General
Topic: Dividing retirement savings between taxable and tax-advantaged accounts
Replies: 13
Views: 1526

Re: Dividing retirement savings between taxable and tax-advantaged accounts

which is why I say OP already has substantial diversification into after tax accounts (roth or taxable) and should max out pretax accounts otherwise.
by letsgobobby
Sun Aug 27, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2160

Re: Who is doing 50:50 traditional:Roth 401k/TSP

diversification means different. it doesn't mean better. obviously roth space is limited.
by letsgobobby
Sun Aug 27, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2160

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Seems like lots of people on here say to max out pretax/ tradtional for anybody with substantial savings but i posted my information in here and based on those assumptions, including taxability of social security, my marginal rate in retirement according to one of the wonks in here using one of the...
by letsgobobby
Sun Aug 27, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2160

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Seems like lots of people on here say to max out pretax/ tradtional for anybody with substantial savings but i posted my information in here and based on those assumptions, including taxability of social security, my marginal rate in retirement according to one of the wonks in here using one of the...
by letsgobobby
Sun Aug 27, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2160

Re: Who is doing 50:50 traditional:Roth 401k/TSP

You would be diversifying with $18k pretax and $5.5k Roth and the additional in taxable. The latter will minimize your tax bite in retirement as well. In particular if you are single and in the 28% tax bracket, and there is a reasonable chance you will not be single in retirement, you should take ad...
by letsgobobby
Sun Aug 27, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Who is doing 50:50 traditional:Roth 401k/TSP
Replies: 40
Views: 2160

Re: Who is doing 50:50 traditional:Roth 401k/TSP

Who is doing 50%-50% traditional-Roth 401k or TSP, and what is your reasoning? Do you think it is a good idea for possible diversification and not exactly knowing what tax bracket you'll be in. It seems like having too many different 401k buckets and too many different 401ks may prove too complicat...
by letsgobobby
Sun Aug 27, 2017 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning management of investments as cognitive ability declines
Replies: 46
Views: 4043

Re: Transitioning management of investments as cognitive ability declines

We have several friends who are only 7 -15 years older than us and already struggling with cognitive decline and/or serious health issues in spite of leading healthy lifestyles. In some cases, their financial security has suffered or been at risk. This has raised concerns about how we can protect o...
by letsgobobby
Sat Aug 26, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6637

Re: Sigh...I'm ready for criticism...how am I doing?

It annoys me that you are getting so many snarky responses and I almost feel the need to apologize on behalf of this community. You posted a reasonable question and deserved a reasonable answer. And yes, I know there are a few posts that can get under all of our skins ( we have 50 x expenses saved, ...
by letsgobobby
Fri Aug 25, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Tablets for hospital patients - Chromebook?
Replies: 3
Views: 523

Tablets for hospital patients - Chromebook?

We are looking for an affordable solution for our patients with dementia to provide the following services: - digital photo albums; - ability to play music, preferably streaming from a free service; but at the same time if families bring in music on a CD, it would be nice to be able to play that as ...