Search found 48 matches

by deserat
Wed Jan 20, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Twenty Four Years of Taxes
Replies: 64
Views: 6028

Re: Twenty Four Years of Taxes

I was driving a real beater and writing quarterly checks to the government which would have individually bought me a decent vehicle. It was a way different experience than my friends, who had their taxes siphoned off via withholding. I have experienced this too. I suspect many taxpayers fail to gra...
by deserat
Fri Jan 08, 2021 12:31 pm
Forum: Personal Consumer Issues
Topic: Shoes for winter walks
Replies: 39
Views: 2638

Re: Shoes for winter walks

I do walks in snow and mud around here. I've found Lowa waterproof boots (they are European and quite popular here in Germany) to be warm and waterproof. I also use Wrightsocks which are doubled layered-these are mainly for minimization of blisters forming on my feet (friction and sliding mainly bet...
by deserat
Mon Jan 04, 2021 1:17 pm
Forum: Personal Investments
Topic: [Roth IRA, SEP IRA - portfolio help requested]
Replies: 21
Views: 732

Re: [Roth IRA, SEP IRA - portfolio help requested]

I had never heard about a Back-Door Roth before, but as I understand it, essentially one maxes out their tax-deferred contribution to an IRA and then converts that amount to a Roth (and paying the taxes on the converted amount) the same year. No. You make a non-deductible contribution to traditiona...
by deserat
Mon Jan 04, 2021 6:31 am
Forum: Personal Investments
Topic: [Roth IRA, SEP IRA - portfolio help requested]
Replies: 21
Views: 732

Re: [Roth IRA, SEP IRA - portfolio help requested]

I have an LLC, sole proprietor. I have an SEP IRA at Vanguard. I also have a Roth at Vanguard. What I have done over the years is to max out the SEP IRA. I did not contribute to the Roth (issues then with the now ex-spouse and our income). I am now converting funds from the SEP IRA to the Roth up to...
by deserat
Fri Jan 01, 2021 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How important is tax strategy for building wealth?
Replies: 158
Views: 10706

Re: How important is tax strategy for building wealth?

Haven't read every post but having been a member here for a good bit I can say there are tons of people and tons of advice that are letting the tax tail wag the dog around these parts. It's as if logic & reason go out the window as soon taxes come into play. Sometimes I'm not even sure some pos...
by deserat
Wed Dec 23, 2020 4:42 am
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 164
Views: 9823

Re: How do you maximize enjoyment after achieving FI?

OP, You are asking good questions that are relative to your stage in life and economic situation. Based on your post asking how/why some of your peers seem not to save as much or more than you with similar or more current earning capability, I would say that many people do not try to optimize how th...
by deserat
Mon Dec 21, 2020 11:27 am
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 155
Views: 13016

Re: What are your not free but still frugal hobbies?

Love the banana sticker collecting 😂 Many 'expensive' hobbies can be done cheaply if one is creative: I like downhill skiing. I buy my equipment and clothing on sale and then keep it for many years. I then look for inexpensive lift tickets or other ways to subsidize those costs. One year the Epic Pa...
by deserat
Tue Dec 15, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Public vs Private Sector Employment
Replies: 101
Views: 5310

Re: Public vs Private Sector Employment

I recommend that OP also look at pension trends over time with governments. The US federal government (not military) changed their pension scheme for payouts and required employee contribution from 1985 or so (CSRS to FERS). If you have been recently hired, you contribute 3.3% of your pay for pensio...
by deserat
Tue Dec 15, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 230
Views: 26397

Re: Anyone else hoarding cash right now?

Thanks for starting this interesting thread. I have wondered about my cash position and how to move forward as well. I just did a fairly large IRA2Roth conversion and will be using cash for the tax liability. I am thinking of reducing my tax investment to only the employer match while maxing out the...
by deserat
Mon Dec 14, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Oatmeal -- figuring out what I bought earlier
Replies: 71
Views: 6246

Re: Oatmeal -- figuring out what I bought earlier

For the really frugal, how about making oatmeal overnight in a thermos? I used to make the McCann's overnight in a thermos - pour boiling water and salt in the thermos, pour in the oatmeal, crank the top on the thermos, set it sideways and then wake up to warm perfectly cooked oatmeal. Some recipes ...
by deserat
Sun Dec 13, 2020 9:46 am
Forum: Personal Investments
Topic: Post Divorce Next Steps
Replies: 34
Views: 3300

Re: Post Divorce Next Steps

Nobody's been talking about account types, but if you're new to 1099 consulting after being a w2 employee, make sure you understand all the different tax-advantaged retirement account options, and max those out first before doing any taxable savings or mortgage paydowns. +++++ On the above...I was ...
by deserat
Sun Dec 13, 2020 9:42 am
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 10468

Re: Luxury clothes

Interesting-I have two tailored jackets from a trip to Bangkok-they are classic and perfect for before COVID when I did presentations at meetings or conferences. I always got comments on the professionalism and stylishness of my dress. Were they pricy? Yes, however, price per wearing is lower than a...
by deserat
Fri Dec 11, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: How America Invests: Vanguard data
Replies: 56
Views: 4305

Re: How America Invests: Vanguard data

Vanguard trivia, as of 2017: "Flagship clients ... need to have $1 million or more invested in Vanguard funds. The company has around 60,000 flagship clients among its 25 million individual account holders." https://www.inquirer.com/philly/blogs/inq-phillydeals/Vanguard-plans-new-offices-...
by deserat
Fri Dec 11, 2020 8:12 am
Forum: Investing - Theory, News & General
Topic: How America Invests: Vanguard data
Replies: 56
Views: 4305

Re: How America Invests: Vanguard data

I like that they titled it "HOW AMERICA INVESTS 2020" and then droned on about what people did in Vanguard retail accounts for 58 pages. If I'm being generous, 4% of Americans live in a household where someone has a Vanguard retail account. You have a good point - is VG a good sample size...
by deserat
Tue Dec 08, 2020 4:57 am
Forum: Personal Consumer Issues
Topic: How much do you spend on gifts for the holidays?
Replies: 73
Views: 4280

Re: How much do you spend on gifts for the holidays?

Interesting thread with the different viewpoints and monetary levels. I live overseas now and when I was in the USA traveled a lot around the world, so during the year I pick up useful gifts when I travel like calendars or tea towels with a cultural theme of the travel site for Christmas time for ce...
by deserat
Sat Dec 05, 2020 4:45 am
Forum: Investing - Theory, News & General
Topic: How America Invests: Vanguard data
Replies: 56
Views: 4305

Re: How America Invests: Vanguard data

55 with $~61k invested...ouch! another ouch..... 13% in cash!! At age 55. Oh - just got that personalized zinger - very cute. I will probably be buying a house with most of that cash in a year or two.....have not found a good place to put it so it isn't at risk. Witness all of the threads regarding...
by deserat
Thu Dec 03, 2020 6:34 pm
Forum: Investing - Theory, News & General
Topic: How America Invests: Vanguard data
Replies: 56
Views: 4305

Re: How America Invests: Vanguard data

55 with $~61k invested...ouch! I wonder if we will require forever some type of federal quasi pension support like SS due to what seems to be a lack of discipline and/or desire on large parts of the citizenry to save/invest. I've heard anecdotally some other countries like Chile have better/more sol...
by deserat
Thu Dec 03, 2020 6:13 pm
Forum: Investing - Theory, News & General
Topic: How To Make Your 401k Pay As Much As a Pension - from Harry Sit
Replies: 10
Views: 2857

Re: How To Make Your 401k Pay As Much As a Pension - from Harry Sit

Thank you for linking that article/post. The summary stats are disheartening, especially for the savings percentages of > $100k salaried people...dismal. Although, some people might only contribute to a 401K to get the match and then invest elsewhere. The 15-20% makes sense to me as well for a pensi...
by deserat
Mon Nov 30, 2020 6:48 am
Forum: Personal Consumer Issues
Topic: Kitchen Pots and Pans - Any Recommendations?
Replies: 95
Views: 5707

Re: Kitchen Pots and Pans - Any Recommendations?

from a prior post: I bought T-fal professional based on the recommendation of Cooks Illustrated/ATC. They have performed well and are pretty cheap ($20-35 deepening on size). I cook a lot and plan on replacing nonstick every 3 years or so. +1 for t-fal. We've used them for years. I'd stress the &qu...
by deserat
Tue Nov 24, 2020 1:41 pm
Forum: Personal Consumer Issues
Topic: A month in Tucson?
Replies: 10
Views: 1715

Re: A month in Tucson?

The Rillito River runs through the center of the town - it is usually a dry river bed, but most of the route is paved along both sides and people walk, run, bike and roller-skate blade along it. There are areas along the path that go through the northern part of the town and you can stop at a restau...
by deserat
Tue Nov 24, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: A month in Tucson?
Replies: 10
Views: 1715

Re: A month in Tucson?

Tucson has 'regions': east side, west side, north side, northwest side, etc. Lots of mountainous areas: you could hike the Catalinas (the side towards the valley and city and the other side (north near Oracle, etc); Sabino Canyon is nice and has many hikes that can meet different levels of fitness. ...
by deserat
Fri Nov 20, 2020 11:26 am
Forum: Personal Investments
Topic: Seeking suggestions for portfolio simplification
Replies: 4
Views: 424

Re: Seeking suggestions for portfolio simplification

A very belated thank you to the posters' suggestions. I will probably implement them at the end of the year.
🦃
And Happy Thanksgiving!
by deserat
Fri Oct 23, 2020 5:47 am
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 490
Views: 41095

Re: Items that are worth the money for the quality

Education is worth the money for me. With the internet virtually all education can be free to a motivated individual. Credentialing is expensive though. Formal education is not only credentials. It provides access to a peer group and applies pressure that are essential for achieving the results. Vi...
by deserat
Fri Oct 23, 2020 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a career
Replies: 112
Views: 6844

Re: Choosing a career

I would stay away from that answer. I would focus on choosing a career with personal satisfaction that also can provide a quality income. Some of those will overlap with the question, doctor, software/CS, engineering, accounting, medical/nursing, etc. Maximum income is a fools errand. Choosing a sa...
by deserat
Thu Oct 22, 2020 5:40 pm
Forum: Personal Consumer Issues
Topic: Help me plan a family trip to Italy - Two Weeks
Replies: 67
Views: 3826

Re: Help me plan a family trip to Italy - Two Weeks

I highly recommend looking at monasteries.com for family lodging in Italy. They are inexpensive, safe, clean, usually have continental breakfast and are everywhere. I stayed twice in Venezia and it was a delight.Way better than a hotel. Thanks for that too. I've stayed in a few convents in my trave...
by deserat
Thu Oct 22, 2020 5:12 pm
Forum: Personal Consumer Issues
Topic: Help me plan a family trip to Italy - Two Weeks
Replies: 67
Views: 3826

Re: Help me plan a family trip to Italy - Two Weeks

After some additional deliberation we are adding a Naples day trip from Rome and a Cinque Terre day trip from Florence. That seems like sketchy deliberation. For Naples, it’s at least two hours on the train each way, so closer to six hours of round-trip travel. What are you planning to see in Naple...
by deserat
Thu Oct 22, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: Help me plan a family trip to Italy - Two Weeks
Replies: 67
Views: 3826

Re: Help me plan a family trip to Italy - Two Weeks

Airfare is already handled. We have two weeks, flying in and out of Rome. My kids will be 9 and 7. My initial plan is 5-6 days in Rome, train to Venice, a few days there then the rest of the time in Florence / Tuscany. Any help is appreciated. I’ve never been to Italy and it seems almost all google...
by deserat
Wed Oct 07, 2020 6:55 am
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 138
Views: 11146

Re: Dying Broke (On Purpose) Article

My goal is to die with my last check of $10M bounced. I'm not sure you have to wait until your deathbed. You could probably bounce a$10 million check today. Might as well get that off your bucket list. :mrgreen: 🤣 Wish there was an upvote on this forum - I laughed out loud at this as well... :happy...
by deserat
Thu Sep 24, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Retired physicians (but others ok too. ;))
Replies: 59
Views: 6840

Re: Retired physicians (but others ok too. ;))

My stepmother, a nurse practitioner, has kept her licensures and just did her last go round (fees and CMEs). She volunteers 1-2x a week at a free clinic just to stay intellectual my challenged and to give back to the community. She is 76 and her cert expires at age 80. She receives no compensation f...
by deserat
Wed Sep 23, 2020 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 16239

Re: Physicians: Should I leave my job?

Assuming you're saving more than 300k per year That's a pretty hefty assumption when the after-tax income is $360k/year. I think I live frugally, but dang. I'm probably close. Sometimes I wonder what I'm doing wrong when I see these other posts from physicians only a few years older than me who hav...
by deserat
Wed Sep 23, 2020 3:48 am
Forum: Personal Finance (Not Investing)
Topic: what is your side job and income?
Replies: 87
Views: 10940

Re: what is your side job and income?

I will add on to the adjunct faculty discussion here. I am an adjunct faculty at a state college teaching a graduate engineering class. I was paid $7250 for content development and course design for delivery in Blackboard and then I receive ~$5200 each time I teach the class. I also currently have a...
by deserat
Sat Sep 19, 2020 6:50 am
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 144
Views: 20510

Re: Your "at peace" moments.

Sitting at the top of an uncrowded ski slope, strapped in and ready to drop on my snowboard, but taking a minute or so to just look out over the vista before doing so. Change out board for skis and ditto. Love mountains and the top of mountain views....I have also had some very peaceful and content...
by deserat
Fri Sep 04, 2020 3:00 am
Forum: Personal Consumer Issues
Topic: How to learn to draw behavior gap style diagrams ?
Replies: 9
Views: 932

Re: How to learn to draw behavior gap style diagrams ?

Agree with @Sailaway, there are some basic design guidelines for visual representations of data or ideas, but I've found that it requires use of both sides of the brain: analytical and creative. It's also like a professional athlete; they make many things they do look so simple and yet they are not ...
by deserat
Fri Aug 21, 2020 10:57 am
Forum: Personal Investments
Topic: Seeking suggestions for portfolio simplification
Replies: 4
Views: 424

Seeking suggestions for portfolio simplification

Emergency funds: Don’t have Debt: None Tax Filing Status: Single Tax Rate: 22-4% Federal, 0% State State of Residence: FL Age: 56 Desired Asset allocation: 60-70% stocks / 40-30% bonds Desired International allocation: Open to suggestions - see below for current exposure Low 7 figure portfolio Curre...
by deserat
Thu Aug 13, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9391

Re: Retiring this Friday. Now what?

You're not retired if you re-enter the workforce. Join a local triathlon club and train for an Ironman. That will keep you fit, busy, and you'll interact with a bunch of Type A young and middle-agers. You'll only have time to sleep on the couch, not sit on it. :wink: Now that is funny! Actually in ...
by deserat
Thu Jul 23, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: TriCare at age 60
Replies: 10
Views: 1594

Re: TriCare at age 60

Thank you for this thread. I was on Tricare Retired Reserve and found it sort of expensive and difficult for processing of claims. When I went to the Tricare office on base, they looked at me like I was from Mars and made a statement about never having dealt with someone who used that Tricare option...
by deserat
Fri Jul 10, 2020 12:07 am
Forum: Personal Consumer Issues
Topic: Tom Clancy series book recommendations
Replies: 29
Views: 1962

Re: Tom Clancy series book recommendations

Oooh, interesting to see Ian Fleming novels in the list. I don't think of him as similar to Clancy, but they are, collectively, great reads. Some of the material didn't age well. I suggest reading them in the order they were released (which is not the same as the movies' order), but that isn't stri...
by deserat
Thu Jul 09, 2020 8:58 am
Forum: Personal Consumer Issues
Topic: Tom Clancy series book recommendations
Replies: 29
Views: 1962

Re: Tom Clancy series book recommendations

WSJ listed some favorite spy/thrillers that had been written and then a lot of readers chimed in through comments. I copied a list I found interesting - it is below. I also read a recommended book by Fitzroy Maclean called "Eastern Approaches." He wrote it in the 1940s after WWII and it de...
by deserat
Thu Jul 09, 2020 12:29 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 34
Views: 2477

Re: 1099 rates for Engineering Consultant

If you have a significant change in employment, you won't be penalized for not paying the similar amount of taxes from year to year. When you do your books, you are asked about your accounting method with your schedule C, I believe: cash or accrual. I do cash. What this means is I don't book income ...
by deserat
Wed Jul 08, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Managing Cash Flow
Replies: 6
Views: 784

Re: Managing Cash Flow

"Are you only transferring to your personal account once every quarter?" I do it when I got paid as I wanted to get the SEP IRA transactions done ASAP - it's the pay yourself principle - so while I was mucking about with the funds transfers, I transfer to my personal account at the same ti...
by deserat
Wed Jul 08, 2020 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Managing Cash Flow
Replies: 6
Views: 784

Re: Managing Cash Flow

I’m looking to simplify cash flow and would like some ideas. I am relatively newly “self-employed,” but my spouse is W2. My medical practice distributes profits on an irregular schedule. I get certain distributions bi-weekly, occasionally weekly, and others monthly. The amounts can vary greatly bas...
by deserat
Wed Jul 08, 2020 4:31 am
Forum: Personal Finance (Not Investing)
Topic: 1099 rates for Engineering Consultant
Replies: 34
Views: 2477

Re: 1099 rates for Engineering Consultant

"I should note that I generally don't bill clients by the hour. I usually bill by the job but build my price internally using a labor rate and direct cost worksheet. My work in very repetitive and I'm at low risk of a project blowing up on me. My business is distinctly different from what you a...
by deserat
Wed Jul 08, 2020 3:43 am
Forum: Investing - Theory, News & General
Topic: fidelity or vanguard
Replies: 15
Views: 1321

Re: fidelity or vanguard

I live overseas and am able to use the Vanguard website - I do have a VPN but sometimes I don't have it on. Has not affected my ability to get to Vanguard. I did have to call them to tell them to turn off 2FA due to my foreign cell number. I don't know if VG has implemented 2FA using email yet. If s...
by deserat
Thu Jul 02, 2020 1:01 pm
Forum: Personal Consumer Issues
Topic: Thinking about joining Air National Guard at 31 years
Replies: 94
Views: 6281

Re: Thinking about joining Air National Guard at 31 years

Hi ajm1489, Coming out of lurking to give my opinion. I preface it with my creds in this area: 30 years combined active and reserve in the USAF; five AFSCs; two engineering degrees combined with a successful engineering career over 35 years - as a female. First, congratulations on deciding to possib...
by deserat
Fri Jun 12, 2020 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Design of Testamentary Trust
Replies: 107
Views: 3459

Re: Design of Testamentary Trust

"Age 29, unmarried, living with fiance (age 23), marriage tentative Aug, 2020, plans to have children, owns recently purchased home ($170k market value), $40k equity(his down payment) in home, parents hold $125k 30 yr mortgage, $50k savings, approx. $40k gross income (history of low hourly wage...
by deserat
Mon Jun 08, 2020 3:35 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 1109
Views: 361727

Re: Variable Percentage Withdrawal (VPW)

To longinvest and others who have contributed to this model, spreadsheet, the wiki, and the various threads. Thank you!!!! I have been accumulating for years, will have two pensions and SS as well as a portfolio. I have lately been running many retirement calculators to determine how much I could sp...
by deserat
Tue Jun 02, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: paper tax returns
Replies: 17
Views: 1434

Re: paper tax returns

I didn't realize that paper tax returns still existed. I thought everyone used tax software and filed electronically. Why would anyone want to use paper tax returns in today's world? I arrange to owe every year, so I have no refund to be delayed. I have my own spreadsheet to do tax planning during ...
by deserat
Sat Apr 04, 2020 6:14 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 56560

Re: How Is Your Job Being Impacted By The Current Crisis?

First post on Bogleheads for me, although I've been following the advice of Bogle for 30+ years for now: I work in Health IT - we are working *a lot* - with everything going virtual, the demands are much higher. The use of Telehealth is very much moving upward - issues are the balance between cybers...