Search found 11339 matches

by letsgobobby
Sun Aug 05, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 4740

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

One possible way around self dealing would be to specify that it not go to his kid's team, and sponsor some other team. Well that is a big difference though, isn't it? So OP, would you make this gift if you knew with certainty your gift could NOT be used for your son's team? If not, we've laid bare...
by letsgobobby
Sun Aug 05, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?
Replies: 75
Views: 4740

Re: Can I use my Donor Advised Fund to give extra cash to sponsor my kids travel sports team?

One possible way around self dealing would be to specify that it not go to his kid's team, and sponsor some other team. Well that is a big difference though, isn't it? So OP, would you make this gift if you knew with certainty your gift could NOT be used for your son's team? If not, we've laid bare...
by letsgobobby
Sun Aug 05, 2018 9:37 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 477
Views: 46243

Re: Post your Financial Milestone Announcements Here

I found an extra $50,000! Had a spreadsheet error. Suspected something was wrong for most of this year but didn't have the time to sort it out. Finally discovered that one of my accounts was in the wrong cell so wasn't being captured in my equations. :oops: This is the risk of a manual spreadsheet b...
by letsgobobby
Sun Aug 05, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7088

Re: The stock market is shrinking.

So it seems to me this is the key question w/r/t public vs private equity: Does the shrinking number of public equities mean that an investor only invested in public equities would be missing out on an important engine of future US economic growth? If the answer is yes, this implies that an investo...
by letsgobobby
Sat Aug 04, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: The stock market is shrinking.
Replies: 68
Views: 7088

Re: The stock market is shrinking.

knpstr wrote:
Sat Aug 04, 2018 7:22 pm
I don't think there is anything I can do about this phenomena so I don't worry too much about it.

I don't necessarily think there is anything inherently bad about the shrinking number of publicly traded companies and such trends may be temporary anyway.
You could invest in private equity.
by letsgobobby
Sat Aug 04, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4543

Re: Is solar power for your home a worthwhile investment?

Partly depends which side of the mountains you are on? If the dry side you should get good performance. However electricity is generally very cheap and Green (hydro) already. On the wet side, in a river valley east of Seattle. PNW is not a barrier. We have extremely long summer days so with a favor...
by letsgobobby
Fri Aug 03, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4543

Re: Is solar power for your home a worthwhile investment?

I didn't run the numbers but there's two issues against my current home. 1) It's in the Pacific Northwest and 2) Electricity is very cheap here. If either of those were different I'd probably check it out. PNW is not a barrier. We have extremely long summer days so with a favorable exposure you can...
by letsgobobby
Fri Aug 03, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 2662

Re: Car price ratio to NW

putting it out there if someone has heard of a sound rule or what others have done...... Is there a %/ratio one can use to what is affordable in relation to their Net Worth. Not what I should buy but what is the upper limit to make a sound financial purchase like they have with the home price to in...
by letsgobobby
Fri Aug 03, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 55
Views: 4543

Re: Is solar power for your home a worthwhile investment?

Out of curiosity, I've looked into buying a solar photovoltaic system for our home, where we intend to stay for a lengthy period of time (minimum 15 years). When I recently looked into this, the estimated savings over a 20 year period were negative $6,000 (i.e. we would lose about $24 per month). T...
by letsgobobby
Thu Aug 02, 2018 10:52 pm
Forum: Personal Consumer Issues
Topic: Hiking vacation in November - any recomendations?
Replies: 35
Views: 1975

Re: Hiking vacation in November - any recomendations?

If you can get a reservation, hike down to the Phantom Ranch in the Grand Canyon South Rim. https://www.grandcanyonlodges.com/lodging/phantom-ranch/ https://www.nps.gov/grca/learn/photosmultimedia/grand-canyon-in-depth-03.htm You hike down the South Kaibab Trail, stay over night at the Phantom Ranc...
by letsgobobby
Thu Aug 02, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: Hiking vacation in November - any recomendations?
Replies: 35
Views: 1975

Re: Hiking vacation in November - any recomendations?

If you can get a reservation, hike down to the Phantom Ranch in the Grand Canyon South Rim. https://www.grandcanyonlodges.com/lodging/phantom-ranch/ https://www.nps.gov/grca/learn/photosmultimedia/grand-canyon-in-depth-03.htm You hike down the South Kaibab Trail, stay over night at the Phantom Ranc...
by letsgobobby
Tue Jul 31, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 159
Views: 7534

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I've purchased the flights/hotels for a trip to Italy from Costco Travel, using a Costco Citi Visa credit card. The card provides trip cancellation insurance up to $3,000/person, which is sufficient if one of us gets ill. However, it doesn't provide medical evacuation insurance, and I'd have to pur...
by letsgobobby
Tue Jul 31, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 159
Views: 7534

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I've purchased the flights/hotels for a trip to Italy from Costco Travel, using a Costco Citi Visa credit card. The card provides trip cancellation insurance up to $3,000/person, which is sufficient if one of us gets ill. However, it doesn't provide medical evacuation insurance, and I'd have to pur...
by letsgobobby
Tue Jul 31, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10306

Re: An argument against self-insuring for long-term care

It seems to me that it would make sense for people who live in HCOL and where there is a major difference between nursing homes that accept and do not accept Medicaid, and who are not otherwise able to self-fund it. For everyone else, the case seems to me to be very tough to justify economically. I...
by letsgobobby
Fri Jul 27, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group
Replies: 32
Views: 4682

Re: Fidelity Private Client Group

I'm curious though. Anyone else here know specifically what it takes to get into the Private Client Group? What are the real benefits? What would it really matter if they did away with the names of such tiers? Maybe there are some benefits that I'm not aware of and that I should be taking advantage...
by letsgobobby
Thu Jul 26, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

I believe the $1,800,960 is indexed up to match the $2,266,740 for 2018 dollars. Which was really my point. In today's wage adjusted dollars, one has to have thirty five year eligible earnings of about $2.3 million to reach the second bend point, regardless of how old one is. In other words, if the...
by letsgobobby
Thu Jul 26, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10306

Re: An argument against self-insuring for long-term care

but needing LTC for a decade is extremely rare. Do you have any sources that show the likelihood of needing LTC for a specific period of time, including home care? One source that may shed some light.... https://www.morningstar.com/articles/823957/75-mustknow-statistics-about-longterm-care.html I d...
by letsgobobby
Thu Jul 26, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10306

Re: An argument against self-insuring for long-term care

I didn’t read the guest post. How are any of the bullet points arguments against self insuring? Maybe he is really saying, “The cost of self insuring may be higher than you think.” But that doesn’t mean self-insuring is a bad option. I'll try to explain, but you really should read the post. It's br...
by letsgobobby
Thu Jul 26, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: An argument against self-insuring for long-term care
Replies: 214
Views: 10306

Re: An argument against self-insuring for long-term care

I didn’t read the guest post.

How are any of the bullet points arguments against self insuring? Maybe he is really saying, “The cost of self insuring may be higher than you think.” But that doesn’t mean self-insuring is a bad option.
by letsgobobby
Thu Jul 26, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Executor/Inheritance Advice for a 25 Year old
Replies: 10
Views: 1303

Re: Executor/Inheritance Advise for a 25 Year old

The step up basis for taxable assets (including brokerage holdings but also real equipment, etc) occurs regardless of when/how quickly you transfer them into your name. There is no rush. It is helpful to ask the firms to establish the valuations on date of death sooner rather than later, so you can ...
by letsgobobby
Wed Jul 25, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4749

Re: Passing the second SSA Bend Point - Reversible?

Bobby- maybe someone smarter than me can answer. I think the 2nd Bend point earnings target is a moving number based on your first age of eligibility (62) for SS. Looking back for someone that turned 62 in 1998 the max SS income taxed was $68,400. The second bend point paid out in dollars $2,875 in...
by letsgobobby
Wed Jul 25, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4749

Re: Passing the second SSA Bend Point - Reversible?

Late saver- Terran has provided a good data point for you to consider, a few additional comments. You would need to earn an additional $866K in indexed earnings to hit the 2nd bend point. In doing so that would add @ $660/mo to your FRA benefit (total $2,246.25/mo). At this point extra income earne...
by letsgobobby
Tue Jul 24, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3163
Views: 965719

Re: What Book Are You Currently Reading? Part VI

Blues wrote:
Mon Jul 23, 2018 7:31 am
Rise and Kill First: The Secret History of Israel's Targeted Assassinations...by Ronen Bergman
In the same vein, Mossad: The Greatest Missions of the Israeli Secret Service.
by letsgobobby
Tue Jul 24, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

I don't get the fascination with the second bend point (including some other recent threads), especially as a strategic marker in one's retirement strategy. Maybe someone can explain. Is it something to do with "getting back at the government" so you quit paying taxes on something where you'd get d...
by letsgobobby
Tue Jul 24, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

I believe the $1,800,960 is indexed up to match the $2,266,740 for 2018 dollars. Which was really my point. In today's wage adjusted dollars, one has to have thirty five year eligible earnings of about $2.3 million to reach the second bend point, regardless of how old one is. In other words, if the...
by letsgobobby
Tue Jul 24, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

Maybe I’m not asking the right question. What I want to get at is this: Say a 30, 40, or 50 something year old single man wants to work only until such time as he has reached the second bend point in his SS retirement benefit. He wants to know how much in today’s dollars he has to have earned in eli...
by letsgobobby
Tue Jul 24, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Legacy across generations......
Replies: 66
Views: 4123

Re: Legacy across generations......

Here is how I might divide the $100: Each Daughter (2) gets $25, for a total of $50 for their generation. Each Grandchild (4) would get $12.50, for a total of $50 for their generation. Broken Man 1999 My grandfather did almost exactly this proportion. My share was just enough to buy a modest new ca...
by letsgobobby
Mon Jul 23, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4749

Re: Passing the second SSA Bend Point - Reversible?

I haven't worked through all these spreadsheets and don't care to do so. What I'm trying to get at is a gestalt for how much a person has to earn over 35 working years to reach the second bend point. In my case it is about $2.3 million in 2015, 2016, 2017, or 2018 dollars. But your point is over lon...
by letsgobobby
Mon Jul 23, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4749

Re: Passing the second SSA Bend Point - Reversible?

For the sake of argument, I believe it also depends on how much per/YEAR For instance, if I earn 3 million dollars in one year and nothing for the next 34 years, are my benefits the same as if I earn 3 million dollars spread over that 35 years? there’s no question those are different, because there...
by letsgobobby
Mon Jul 23, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

I don’t know... those numbers don’t pass the smell test for me. Over $4m in lifetime earnings to get to the second bend point?
by letsgobobby
Mon Jul 23, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4749

Re: Passing the second SSA Bend Point - Reversible?

So it looks like if you stop paying into SS before age 60, or your high-35 years remain the same, your high-35 earnings are fixed. However, your indexed earnings increase along with the NAWI, and so do the current bend points. They stay in step with each other. Can you expand on this? I had previou...
by letsgobobby
Mon Jul 23, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

Doesn't everyone have the same bend points? I don't know the first but the second is roughly around $2.3 million in lifetime earnings over your highest 35 years, in 2018 dollars. Everyone born in the same year will have the same bend points. One takes the average wage index (AWI) in the year one tu...
by letsgobobby
Mon Jul 23, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

Doesn't everyone have the same bend points? I don't know the first but the second is roughly around $2.3 million in lifetime earnings over your highest 35 years, in 2018 dollars. Everyone born in the same year will have the same bend points. One takes the average wage index (AWI) in the year one tu...
by letsgobobby
Mon Jul 23, 2018 1:08 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3163
Views: 965719

Re: What Book Are You Currently Reading? Part VI

God’s Crucible: Islam and the Making of Europe, 570-1215. Listening to audiobook. Only 5% into it. Already I have learned some very important new perspectives, and already all the Arabic names have confounded me. It might be worse on CD than it is in writing, and that’s saying something. I had hoped...
by letsgobobby
Mon Jul 23, 2018 1:06 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3163
Views: 965719

Re: What Book Are You Currently Reading? Part VI

Blues wrote:
Fri Jul 06, 2018 7:25 am
jacoavlu wrote:
Thu Jul 05, 2018 11:37 pm
Starting in again (third time) on the border trilogy by Cormac McCarthy. So, so good.
One of my all-time favorites. :beer
Painfully good, it hurts when it ends. Unparalleled.
by letsgobobby
Mon Jul 23, 2018 1:03 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3163
Views: 965719

Re: What Book Are You Currently Reading? Part VI

I have never managed to read more than about twenty pages of any book by Ernest Hemingway, but I do feel that I ought to, so I'm giving it another shot... this time, Death in the Afternoon . That's his 496-page book on bullfighting in Spain in the 1920s. I've read about 29% of it... but I don't thi...
by letsgobobby
Sun Jul 22, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Excel worksheet for calculating SS bend points
Replies: 42
Views: 4106

Re: Excel worksheet for calculating SS bend points

I'm not sure what you're wanting to see/show. If you gave more details, I'm sure someone here could help you get there. I was just showing graphically what the components of the spreadsheet could be, including the intermediate results. I'm not sure if that's what you were looking for. I am not sure...
by letsgobobby
Sun Jul 22, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 33
Views: 4332

Re: Shopping for a new hot tub

How about a year later? How do you like it? Actively shopping. Have narrowed it down to Artesian, Nordic, and Costco (the former two based on quality/durability and local availability by an extremely highly rated local supplier). There is a five-six person Artesian available for $5700 including tax...
by letsgobobby
Sun Jul 22, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Suggestions About Simulating Homemade Chicken Stock
Replies: 28
Views: 1584

Re: Suggestions About Simulating Homemade Chicken Stock

Does it really heat up the house to simmer a stock pot full of bones and meat for an hour? My recipe is simple. Chopped up chicken bones and parts, rendered for fifteen minutes. Add a chopped up onion for five minutes. Add two quarts of water, 1-2 tsp of salt, and two bay leaves and simmer covered f...
by letsgobobby
Sat Jul 21, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 180
Views: 23251

Re: Vanguard New Factor Funds Portfolio Statistics

I was a bit impatient for portfolio statistic on the new factor funds, so I've started calculating them, at least roughly. You can export the portfolio's from Vanguard, tweak the CSV file, and import the portfolio into M*'s portfolio manager. The big limitation is a limit of 200 holdings. So I have...
by letsgobobby
Fri Jul 20, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents
Replies: 11
Views: 731

Re: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents

No international is a mistake in my opinion, a fairly major mistake.

Drain down your taxable and either increase your 403b or Roth contributions or pay down your debt.

No new house or car for 3+ years after fellowship.

Live on one salary and bank the other.

Welcome!
by letsgobobby
Fri Jul 20, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Excess in 529 Plan
Replies: 8
Views: 1040

Re: Excess in 529 Plan

You may pay for your own educational expenses if you wish, including living expenses if you are at least a half time student.
by letsgobobby
Fri Jul 20, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13146

Re: Should I Dump a Pile of Money on Young Son?

My actual answer is it depends on the rest of your estate plan. Obviously your entire startegy should be cohesive. Without knowing anything else, in your situation I might give my son $100,000 and see what happens.
by letsgobobby
Fri Jul 20, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13146

Re: Should I Dump a Pile of Money on Young Son?

Rupert wrote:
Fri Jul 20, 2018 11:15 am
letsgobobby wrote:
Fri Jul 20, 2018 11:06 am

Does money always change everybody?
No, but compare the secretary who accumulates millions over time to the typical lottery winner.
Other than age, what about the son in this case makes you concerned a million dollars would ruin him?
by letsgobobby
Fri Jul 20, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13146

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for you...
by letsgobobby
Fri Jul 20, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 13146

Re: Should I Dump a Pile of Money on Young Son?

No you should not dump a pile of money on your young son. He's doing great, and you might ruin him with it. The wrong sorts of people may become attracted to him (they seem to be able to smell money on a person). See an estate planning lawyer for help in preserving and protecting that money for you...
by letsgobobby
Wed Jul 18, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Planning a trip to France in June 2019 - ADvice ?
Replies: 28
Views: 1892

Re: Planning a trip to France in June 2019 - ADvice ?

Fun thing to do in France. Buy 2019 Michelin Guide Rouge Find the ‘value’ restaurants scattered in small towns across the country (bib gourmand) Organize your trip from town to town making sure to eat at one of those restaurants each night. Note these are not starred restaurants, but much more affor...
by letsgobobby
Wed Jul 18, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 33
Views: 4332

Re: Shopping for a new hot tub

Costco had a model called the Aquaterra Chesapeake on sale until monday for $4499. It's no longer for sale at all, unfortunately. It was 7' x 7'7" which would be more ideal for my space, which was the reason it was on my list. One Spa dealer is selling one on Craigslist for the same price and adver...
by letsgobobby
Wed Jul 18, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning and Charity
Replies: 18
Views: 1399

Re: Estate Planning and Charity

oddly enough, I can't think of anything that I feel particularly strong enough about right now, but I'd like to have something to put down initially on my trust though I know anything I do put can be changed at any time in the future. I'm just curious to know how you all went about deciding on any ...
by letsgobobby
Mon Jul 16, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 61
Views: 2874

Re: Would you pay $120 for a 5 year dishwasher warranty?

livesoft wrote:
Mon Jul 16, 2018 5:59 pm
I would not. I know how to fix dishwashers.
Parts alone could easily exceed $25 per year. I don't know about whirlpool but my supposedly highly rated Kenmore needed four service calls in three years and the parts were around $150. But our new Bosch has been great.