Search found 11209 matches

by letsgobobby
Sat Jun 16, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Washington GET 529 Reopened: Good deal?
Replies: 43
Views: 5268

Re: Washington GET 529 Reopened: Good deal?

We are currently WA state residents but unlikely to be so when it comes time to claim benefits. Thoughts on the role of the GET program in our case? I guess we are betting that the instate tuition in WA keeps up with the national average. How should I think about the mix between a traditional 529 a...
by letsgobobby
Fri Jun 15, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Washington GET 529 Reopened: Good deal?
Replies: 43
Views: 5268

Re: Washington GET 529 Reopened: Good deal?

They extended current unit pricing through October 31.
by letsgobobby
Fri Jun 15, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9327

Re: Timeshare ever worth it? Please share details

I have a Disney timeshare that I bought when my oldest daughter was a baby when I received a small inheritance when my mom and dad died. I bought it thinking that my mom and dad would be happy to know that they bought their granddaughter, who they never met, Disney vacations for her to enjoy during...
by letsgobobby
Fri Jun 15, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Washington GET 529 Reopened: Good deal?
Replies: 43
Views: 5268

Re: Washington GET 529 Reopened: Good deal?

All, The Washington GET 529 (details below for those who do not know what that is) reopened. The GET Committee voted to set the 2017-18 unit purchase price at $113 == $11,300 and the current tuition is $10,753. This means you only lose $600 out to start with and for the last 20 years UW tuition has...
by letsgobobby
Fri Jun 15, 2018 1:08 am
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8586

Re: [Looking for ways to reduce taxes and keep more of my income]

The HSA example was a reference to my own plan. We get $1600 in employer contributions, and save $90 every 2 weeks in premium reductions, for a total savings of $4100 with the HSA. Then we get to defer an additional $5000 or so, which saves us another $1500 in taxes. So that’s $5600 in savings per y...
by letsgobobby
Thu Jun 14, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8586

Re: [Looking for ways to reduce taxes and keep more of my income]

HSAs only make sense if the employer is willing to give you more salary (or make your contributions) for taking a higher deductible plan. Or: 2. They reduce your medical premiums enough to make it worthwhile to take the HSA 3. They make an employer contribution to your HSA. Or both. :wink: re: rent...
by letsgobobby
Thu Jun 14, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA: Using it for kids college
Replies: 31
Views: 1836

Re: Inherited IRA: Using it for kids college

My wife is inheriting a low 6-figure IRA from her recently deceased father. From what I understand, it is best just to leave it alone and receive RMD’s from it for now. I was hoping to use it to invest for my three very young kids college tuition. The only way I see this happening is either taking ...
by letsgobobby
Thu Jun 14, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2335

Re: Question for those who used 529 plans

I'd like to ask anyone here who used a 529 to put their child through college. Did your initial investment do well over time? At what percent did it grow? Did it grow so well that it actually doubled? I know a lot depends on the economy and who the plan is with but I wanted to get an idea of how pe...
by letsgobobby
Thu Jun 14, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9327

Re: Timeshare ever worth it? Please share details

My vote would be to take that money and go experience different parts of the world. Why lock yourself into a single location or even company. As other have pointed out AirBNB, short term rentals, of heck just rent the timeshare from someone else are all alternatives. This is fine at times, and we d...
by letsgobobby
Thu Jun 14, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9327

Re: Timeshare ever worth it? Please share details

Only buy resale. Strongly suggest you only buy a branded hotel in Marriott, Starwood, HGVC, etc. I agree with only buy resale. I disagree with buying a brand. For the branded time-shares, their interest seems to be more in enriching themselves through their name. Once such a project is fully-sold, ...
by letsgobobby
Thu Jun 14, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2211

Re: Using donor advised fund to diversify stock with large capital gains

Secondly, it can easily accept not just cash but also appreciated securities. This is something I would like to hear more about. I've often thought that if I inherited a problem asset (like 50% of a parent's house), that I might see if I could just "donate" my interest to a DAF and let their lawyer...
by letsgobobby
Thu Jun 14, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5816

Re: Vaguard - You'll need to sign up for security codes soon

Vanguard needs to really add TOTP software security tokens instead of just SMS. And not the silly Symantec VIP nonsense, which ties you to a single vendor. It's great they support U2F Fido hardware tokens. I'd buy a Yubikey except I don't 100% trust the security of USB. Can you translate this into ...
by letsgobobby
Thu Jun 14, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 118
Views: 9327

Re: Timeshare ever worth it? Please share details

Only buy resale.

Strongly suggest you only buy a branded hotel in Marriott, Starwood, HGVC, etc.

Read tug2.net

But probably you should not buy
by letsgobobby
Wed Jun 13, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8586

Re: [Looking for ways to reduce taxes and keep more of my income]

Not recommending rental real estate necessarily but his real estate losses (depreciation, interest, taxes, insurance, maintenance, repairs, etc) could be enough to offset his rental income. That doesn't sound like a winner unless most of it is depreciation, but in that case it can be a nice diversif...
by letsgobobby
Wed Jun 13, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Using donor advised fund to diversify stock with large capital gains
Replies: 38
Views: 2211

Re: Using donor advised fund to diversify stock with large capital gains

We opened a DAF years ago in part for this reason: to unload the last of our single stock investments without paying capital gains taxes. We are very happy with our Fido DAF. It encourages us to give more.
by letsgobobby
Wed Jun 13, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8586

Re: Getting killed on taxes - any ideas?

OP comes across as a humble brag. Even on this forum, I doubt if more than 25% make that kind of money (though I could be wrong!). OP statistically is actually part of the 1%... I believe an income of $380k/yr or higher puts you in the top 1% in the entire country. And paying 22% tax on that kind o...
by letsgobobby
Wed Jun 13, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2549

Re: Trade-up my $89 Walmart bike

Retired and currently ride 6-12 miles a day, 3-5 days a week. Never spent more than $100 on a bike. I enjoy riding and believe I would ride a lot more with the right bike. Not really interested in mountain/off-road and our area has lots of great paved/gravel/dirt paths. I went to a local bike shop ...
by letsgobobby
Tue Jun 12, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8586

Re: Getting killed on taxes - any ideas?

Max out everything including HSA and state tax benefit for 529.

Move to a state with no income tax.

Make sure your taxable investments are tax efficient.

Ignore the haters.

Thanks for posting.
by letsgobobby
Mon Jun 11, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance policy to transfer wealth
Replies: 12
Views: 1225

Re: Life Insurance policy to transfer wealth

Yes please explain how you are getting a guaranteed 5.5% return.

Wouldn't it be simpler for you to convert your IRAs to Roths and spare your kids any tax at all? It would also reduce their inheritance tax as the estate would be smaller.
by letsgobobby
Mon Jun 11, 2018 5:55 pm
Forum: Personal Consumer Issues
Topic: 2018 RAV 4 or Camry
Replies: 28
Views: 1884

Re: 2018 RAV 4 or Camry

I am 65 (5'11"); my wife just bought a 2018 Camry Hybrid in December. It is comfortable riding in it but it is low and a bit of a contortion to get into the passenger seat. I rarely drive it - I find the dashboard a major distraction -- so I can't comment on driving it much. The few times I drove i...
by letsgobobby
Sun Jun 10, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should we defer DW’s income to max 403b and 457? Would you?
Replies: 11
Views: 665

Re: Should we defer DW’s income to max 403b and 457? Would you?

I’d like to start off by thanking the BH community for all their help and support. Before joing the forum last year I had no EF, was not maxing my 401k, and had no taxable brokerage account. In retrospect I feel I’ve made some good progress and owe alot to this community. Potential New Strategy: I’...
by letsgobobby
Sun Jun 10, 2018 6:21 pm
Forum: Personal Consumer Issues
Topic: The effect of a difficult last name on employment prospects...
Replies: 43
Views: 3504

Re: The effect of a difficult last name on employment prospects...

Immigrants used to routinely shorten and Anglicize their names. Rabinowitz became Rubin for example. Go for it if it will make you feel better.
by letsgobobby
Sun Jun 10, 2018 9:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 321
Views: 34303

Re: Post your Financial Milestone Announcements Here

From 'Ameriprise Anger" to 500k Hey All - First time poster, long time lurker. Just wanted to say THANK YOU ALL. Just crested 500k this morning in my retirement funds + my EF. I was with Ameriprise for a long time and didn't really believe in investing b/c all I saw was little movement on my accoun...
by letsgobobby
Sun Jun 10, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 31
Views: 5080

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

Unless you want to jump through the hoops to get the 4.59% on the Rewards Checking at Consumers Credit Union. 4.59% on $250k would be almost $11,500, so it might actually be worth it. https://www.myconsumers.org/personal/checking Rates limited to first $20,000. This is universal for rewards checkin...
by letsgobobby
Sun Jun 10, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11360

Re: MD&P just purchased X / sold Y

livesoft wrote:
Sun Jun 10, 2018 8:35 am
This is going to be a great thread
For once I disagree with livesoft.
by letsgobobby
Sun Jun 10, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2555

Re: Foreign language immersion daycare

Mandarin. Immersion should mean a minimum of 50% teaching in the language; ours is 90% in K, 80% in first, and so on. It never goes below 50% in elementary. The program continues in middle and high school with 2 hours daily. Obviously kids do drop out along the way so one unanticipated benefit of th...
by letsgobobby
Sat Jun 09, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2555

Re: Foreign language immersion daycare

We adore our immersion program, which is in a public school and goes k-5. Our kids have loved the additional challenge. We've had to supplement a little writing and of course we read a lot at home. But I wouldn't do it with that commute.
by letsgobobby
Sat Jun 09, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2382

Re: Overfunding 529

Pretty strong words from a newbie.

You’re entitled to your opinion but your presumptions are wrong for many others. Whatever “price offered” I am paying and whatever “crappy liquidity options” I am having are completely acceptable to me in light of the tax savings and estate planning goals achieved.
by letsgobobby
Sat Jun 09, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5350

Re: Another home thread: 2mil / 40K in taxes

Revisiting this again with updated stats. We are both 36, one toddler, one on the way and possibly more in the near future. We live in a very HCOL area. Houses we are considering are about $1.8-2mil with $30-40K in taxes. His income: ranges from minimum $500k - $800K (mostly closer to the lower num...
by letsgobobby
Sat Jun 09, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 6526

Re: What commuter car provides the best long term financial value?

I think these discussions often miss the forest for the trees. Consider a new prius vs a sonic. Prius mpg is ~53 highway while sonic is 37. Over a 150,000 mile life of the car with gas at $3/gal, you're saving 1200 gallons or $3700. Gas costs are a small fraction of the total cost of ownership when...
by letsgobobby
Sat Jun 09, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: TreasuryDirect, savings bonds, annual limits, trust
Replies: 3
Views: 489

TreasuryDirect, savings bonds, annual limits, trust

An individual can purchase up to $10,000 of EE bonds per year. A trust can purchase $10,000 per year. Can a married couple purchase $20k; and their revocable trust purchase $10k; and then the married couple transfer their bonds into their revocable trust without tax consequence? At the end, the trus...
by letsgobobby
Fri Jun 08, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds to 529 for grandkids?
Replies: 22
Views: 1003

Re: EE savings bonds to 529 for grandkids?

To be clearer, the interest is tax free when redeemed and rolled into a 529 since that is a qualified educational expense.
by letsgobobby
Fri Jun 08, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds to 529 for grandkids?
Replies: 22
Views: 1003

Re: EE savings bonds to 529 for grandkids?

EE bonds rolled into a 529 are tax free if you meet the income requirements.
by letsgobobby
Fri Jun 08, 2018 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2382

Re: Overfunding 529

Foolish like a fox, isn't that the saying? I'll keep the six figures in gains from being taxed any day of the week. Remember that generations increase exponentially. 2 children, 4 grandchildren, 8 great-grandchildren. $1 million sounds like a lot for two kids, not so crazy for eight great-grandchild...
by letsgobobby
Fri Jun 08, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6519

Re: Large inheritance -- looking for advice

From that work I think you can see the value of simplifying within each account. For instanace, your SEP IRA is now less than 3% of your portfolio (that must be a strange feeling) and it makes sense for that to hold one and only investment. For example, it could hold Vanguard Total Bond Index Admira...
by letsgobobby
Fri Jun 08, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6519

Re: Large inheritance -- looking for advice

You will want to fix your post so that each individual holding is described as a percent of your TOTAL portfolio.
by letsgobobby
Fri Jun 08, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2382

Re: Overfunding 529

Yes, it doesn’t work quite as well as outlined above because of the gift tax issue, though the annual gift tax exemption does increase with inflation. Assuming the 529 five year election option remains, one could (for example), take the $225k left in Child A’s 529 and transfer $75k to each of three ...
by letsgobobby
Fri Jun 08, 2018 1:45 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8836

Re: Indexing will fail investors in next decade

I like my odds with real estate by a mile since land is a finite commodity and they aren't making any more of it. Paper has no value, currency can be manipulated, printed, and created out of thin air in all sorts of ways. Many of my colleagues saw increased rents and lower vacancies during the 2007...
by letsgobobby
Fri Jun 08, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6519

Re: Large inheritance -- looking for advice

Yes, the easiest way to proceed is to sell every individual stock and any inherited fund that isn't core to your portfolio. Reinvest per your IPS; if you don't have one, write one. After selling everything above, what would you have left? If you're comfortable managing $1 million you can probably ma...
by letsgobobby
Fri Jun 08, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Trust as Beneficiary OF ROTH and Traditional IRA
Replies: 6
Views: 589

Re: Trust as Beneficiary OF ROTH and Traditional IRA

We want to pass on our Roth IRA account to our higher income heir and our Traditional IRA account to our lower income heir. Curious why the Roth IRA to the higher income heir and the tIRA to the lower income heir - is it something in the nature of the Roth vs. Traditional IRA that you are trying to...
by letsgobobby
Fri Jun 08, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Paper tax return filed at deadline - still no refund 7 weeks later
Replies: 12
Views: 1035

Re: Paper tax return filed at deadline - still no refund 7 weeks later

Paper filed, five weeks out (I extended), same message. Not worried; nothing I can do. Frankly if they want to redo my taxes I might appreciate the second set of eyes.
by letsgobobby
Fri Jun 08, 2018 12:00 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8836

Re: Indexing will fail investors in next decade

WanderingDoc wrote:
Thu Jun 07, 2018 11:34 pm
You don't have at least a slight, really back of your mind, possibly, maybe, worry? Not every party last forever. Things change.
Things like real estate?
by letsgobobby
Thu Jun 07, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2382

Re: Overfunding 529

- multigeneration educational ‘trust’ - if you are in a very high tax bracket now, and will be in a lower tax bracket later, the penalty plus taxation of earnings may not be worse than a taxable account. Admittedly it is hard to think of many situations where the numbers work out well. - some minor ...
by letsgobobby
Thu Jun 07, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 6526

Re: What commuter car provides the best long term financial value?

I commute about 500 miles a week, or about 24,000 per year and am looking for a car that will get me to work and back for the cheapest total cost over it's lifetime (including gas, repairs, depreciation, purchase price, etc). The only thing I'd hesitate on is something much smaller than the Chevy S...
by letsgobobby
Tue Jun 05, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?
Replies: 55
Views: 5139

Re: New AC Unit broken or "feezing". HVAC company says it's my fault for "running it too hard". What can I do?

I need some advice with yet another consumer issue. I bought a brand new HVAC system almost exactly 1 year ago from an HVAC company in my area. They installed the system and removed the old system. It worked great through last Summer and Winter, and so far this Spring. I replace the filter every mo...
by letsgobobby
Mon Jun 04, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: HSA as retirement vehicle
Replies: 33
Views: 3086

Re: HSA as retirement vehicle

My family has pretty high medical costs - for example, in my HDHP plan for the family, I hit the family deductible in March, and I'll likely hit the out-of-pocket maximum this month. So I've been using the HSA to pay the medical costs. But I'm wondering if I wouldn't be better off paying the medica...
by letsgobobby
Sun Jun 03, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12432

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

I am a former healthcare equity analyst with the CFA designation and an MBA from a top-tier school. I am currently a 59 yo physician with an MD also from a top-tier school. My contract is up at the end of next year when I expect to have a liquid net worth of about 45 times our (modest) average annu...