Search found 2575 matches

by beyou
Sat Jun 22, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wife considering returning to work
Replies: 31
Views: 3187

Re: Wife considering returning to work

We had one (me) stay full time for entire career. Part time or gaps can really hurt you ability to max out earnings potential in your career down the road. The one with greater potential should work full time with no gaps. DW worked part time (with gaps) post kids to keep her skills up, then went ba...
by beyou
Sat Jun 22, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: The End of Passive Investing?
Replies: 55
Views: 4787

Re: The End of Passive Investing?

Sure sign of a market top when people worry about this. When a correction comes, people get out of equities (sell low) from both active AND passive. And sharks (active managers) market the idea that you need them to protect you from staying the course and riding the index down. I made a significant ...
by beyou
Sat Jun 22, 2019 2:27 pm
Forum: Personal Investments
Topic: Vanguard transition
Replies: 12
Views: 1789

Re: Vanguard transition

I have job related reasons I can't yet transition, but if not for that restriction I really wouldn't care. That said, the main benefit is not of interest to anyone who strives for simplicity. Holding a target date/lifestrategy/3 fund portfolio does not require a brokerage account. Does not seem to ...
by beyou
Sat Jun 22, 2019 12:08 pm
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 44
Views: 3251

Re: Getting caught up in minutia of investing-How to make things simple

I have found for me that the only part of investing that I am willing to complicate things is to reduce taxes and fees. That can be a sure reward for your efforts (most of the time) and all other complications are not worthwhile. Read about Tax deferral asset allocation asset location only buy index...
by beyou
Sat Jun 22, 2019 11:57 am
Forum: Personal Investments
Topic: Vanguard transition
Replies: 12
Views: 1789

Re: Vanguard transition

I don't care for change and it looks like I will have to upgrade/transition soon. I have been a Vanguard customer for over 30 years. I have had other brokerage accounts and still do. Maybe I will move accounts out of Vanguard. The website has been getting less user friendly in my view. I don't like...
by beyou
Thu Jun 20, 2019 3:43 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 762
Views: 97838

Re: Post your Financial Milestone Announcements Here

Nearing 55 and... 1) Got one of my children to open a Roth IRA.....the first step to next generation financial independence. He did so at age of 20 while still an undergrad. Next milestone is another child to do same. 2) Made last term life payment. 3) Making last undergrad tuition payment next mont...
by beyou
Thu Jun 20, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 94
Views: 13910

Re: Moving to North Carolina from NYC

Don't move! You won't like it. It's a horrible place. We, native Tar Heels, are all a bunch of backwoods hillbillies and will frustrate you in every endeavor. We can't drive. We talk too slow. We think the apocalypse is upon us when it threatens snow. The weather is unbearable and you can rarely en...
by beyou
Thu Jun 20, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - 2 parts: contribute and spend. When to spend?
Replies: 73
Views: 3383

Re: HSA - 2 parts: contribute and spend. When to spend?

I think age is a key factor. I would recommend a younger person invest and save as long as possible in an HSA. Can build up quite a fund if you max each year and pay for your few medical expenses from other funds. But as a person north of 50 (as OP and myself) you have only so much more you can accu...
by beyou
Wed Jun 19, 2019 5:29 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1636

Re: Life after COBRA - selecting new health insurance

I was looking into this for my state, so some details may differ, but for the most part we seem to be faced with similar ACA options. ACA is generally not HSA eligible (there are exceptions), no out of network coverage, but I also found the in-network coverage varies greatly from provider to provid...
by beyou
Wed Jun 19, 2019 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA continuation: is it real?
Replies: 5
Views: 715

Re: COBRA continuation: is it real?

Look at the NYS Essential Plan if your FPL is between 138% & 200%. Monthly premium is free or $20 per month per person with no deductibles. Most doctors take the plan. Last time I looked I think over 800,000 NY residents have the plan. It has to be much cheaper than any COBRA payments. NY ACA is te...
by beyou
Wed Jun 19, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Life after COBRA - selecting new health insurance
Replies: 24
Views: 1636

Re: Life after COBRA - selecting new health insurance

I was looking into this for my state, so some details may differ, but for the most part we seem to be faced with similar ACA options. ACA is generally not HSA eligible (there are exceptions), no out of network coverage, but I also found the in-network coverage varies greatly from provider to provide...
by beyou
Mon Jun 17, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11293

Re: With hindsight, what signs indicated you were about to lose your job?

When they take your red stapler away. Get yours while they are still available : https://www.mead.com/mead/browse/product/S7064698?selectedSkuId=S7064698&couponid=SAVE20E&redirect=false&utm_source=google&utm_medium=cpc&adpos=1o2&scid=scplpS7064698&sc_intid=S7064698&gclid=EAIaIQobChMIyv6M3v7w4gIVQVY...
by beyou
Mon Jun 17, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Cancel collision coverage on older car?
Replies: 79
Views: 6407

Re: Cancel collision coverage on older car?

Could you afford to buy another of similar cost if this was totaled ? Do you NEED the car (sounds like you don't drive it much) ? If you don't need the car and could afford to buy another in same price range, why pay even $133 for collision ? For my home and newer cars, I always keep a high deductib...
by beyou
Mon Jun 17, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 118
Views: 8223

Re: Article on high deductible health plans - and the math

My employer has offered 3 options for years, all same list of in-network docs but just 3 levels of cost sharing. Pay more, get low deductible, pay less get HSA with employer partial funding, pay even less and self fund HSA. For years with with high cost low deductible, one day I downloaded 3 years o...
by beyou
Mon Jun 17, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: Would a war be bullish for bearish for stocks?
Replies: 14
Views: 1040

Re: Would a war be bullish for bearish for stocks?

The particular adversary would make a big different to investor sentiment.
I think each case is sufficiently unique that any general conclusions you can draw based on limited history would not be so predictive.
by beyou
Sat Jun 15, 2019 5:18 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 95
Views: 7878

Re: Walking Cities, potential for retirees

I cant imangine I would just look literally anywhere. Would at least be a region close to someone (kids etc) wherr Inwould narrow it down, and then look at options within a certain distance.
by beyou
Fri Jun 14, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Problems with my MyEquifax account
Replies: 10
Views: 900

Re: Problems with my MyEquifax account

I just called and had my login reset. Got transferred twice. I can now manage my freeze. Could you post the number you called and how you were able to get to someone who could actually do the reset? The number I keep calling, given on the "lockout screen" as 888-836-6351, is manned by folks who kee...
by beyou
Thu Jun 13, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Problems with my MyEquifax account
Replies: 10
Views: 900

Re: Problems with my MyEquifax account

They are the worst. Boycott them.

The solution is permanent freeze and NEVER unfreeze. They cant sell your data, they can’t make money. If you apply for a credit card, make sure the issuer uses one of the other credit reporting agencies. Hopefully all the banks will stop using equifax.
by beyou
Thu Jun 13, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3385

Re: Fixing financial "leakage" - what do you do?

Just wondering if I still need Netflix. Too much content being paid for...no time to watch it all, even if good quality.
by beyou
Wed Jun 12, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 6221

Re: Do Fidelity Offices/Advisors Add Value?

I barely want to speak to anyone on the phone much less go to some kid sitting at a desk. How do you know if it is just "some kid" if you haven't used the service? My current guy is extremely knowledgeable and is even familiar with Bogleheads. :beer "Your guy" is at the Fidelity office 365 days a y...
by beyou
Tue Jun 11, 2019 6:48 pm
Forum: Personal Investments
Topic: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?
Replies: 28
Views: 1891

Re: Left MegaCorp, Disadvantages to Rolling 401K & Pension to Self-Directed Solo 401K?

What if you move from Texas ? I would leave the money in a good 401k (which you indicated was the case). You can always rollover and consolidate in the future if you are ever on another good ERISA 401k. My employer has a really good 401k, so I consolidated from older lousy ones many years later (whe...
by beyou
Tue Jun 11, 2019 6:38 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 6221

Re: Do Fidelity Offices/Advisors Add Value?

I have a brand new Fidelity office that opened minutes from my home, and I work in a major city that I believe has multiple Fidelity offices. As I walk/drive by, I never regret my decision long ago to go with Vanguard. I barely want to speak to anyone on the phone much less go to some kid sitting at...
by beyou
Tue Jun 11, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5514

Re: Is it Wise to Remove Escrow if Bank Allows it?

Long ago paid upfront points to eliminate escrow from day 1 of my mortgage.
Never have paid escrow, worth the peace of mind not having to deal with a middle man.
by beyou
Tue Jun 11, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: Anyone buying Beyond Meat stock?
Replies: 35
Views: 2804

Re: Anyone buying Beyond Meat stock?

How many have tasted their product and/or their main competitor (Impossible Burger). Had impossible burger and while it initially tasted good/real, made me sick to my stomach after the meal. Not sure if BM is any better, will try it but definitely not buying stock in a company whose products make me...
by beyou
Mon Jun 10, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 318
Views: 23128

Re: Selling home- Demanding Buyer (Repairs)

Home ownership is such a hassle. Not sure which is worse, continuing to maintain my home in old age,
or selling it and moving to a rental. The only thing I would rule out now is selling and buying a new home !
by beyou
Mon Jun 10, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Travel Advice driving through NYC to Long Island
Replies: 18
Views: 1279

Re: Travel Advice driving through NYC to Long Island

Good questions for such a long trip, since google maps will tell you to take a route that is minutes faster for a 5-6 hr trip. Also maps will not have much useful to tell you about traffic 5 hours from your start. Personally I prefer a more relaxed route if possible. We do an Ithaca to Long Island r...
by beyou
Mon Jun 10, 2019 3:07 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4984

Re: Work hard, saved hard, retired....now what :)

I would adjust my AA over time. When you start collecting SS you can raise your equity allocation. Reasoning, I would have a conservative allocation for the cash you intend to spend, and a more aggressive allocation for the amount you hope to pass. The older you get, the less years you have to fund,...
by beyou
Mon Jun 10, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7076

Re: Anything you wish you had spent money on when you were younger?

Spent more on my health, which can mean spending more or making less. 1) Work less...exercise more. 2) Take out less...cook healthy foods more. 3) Less stress... Among material things Wish I had bought the larger house with bigger yard and facing the woods in a state park. 50K more which seems like ...
by beyou
Sun Jun 09, 2019 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 2984

Re: 22 Years Old - Which credit card to begin with?

First, Citibank double cash is VERY selective, they don't like giving that card out to college students with little credit record, don't bother. My son was rejected for that but accepted at 2 other cards given same info. Discover is almost useless, while widely used in the US, not everywhere in the ...
by beyou
Sun Jun 09, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: College Credits to stay on Parents Health Insurance
Replies: 17
Views: 1351

Re: College Credits to stay on Parents Health Insurance

Not all states have to follow ACA. If they don't get a subsidy from the federal gov, why do they have to follow the federal law ?
So an ACA compliant policy would allow this, but you can buy plans outside ACA that are not subject to the same rules, in some states.
by beyou
Sun Jun 09, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Which Engineering Discipline for the next 20+ years !!!
Replies: 155
Views: 16074

Re: Which Engineering Discipline for the next 20+ years !!!

Nuclear Engineering. I graduated in 2017 and currently work at a nuclear power plant. Great pay and benefits, but I worry about the future of the industry, especially as U.S. nuclear plant closures continue to be announced due to economic and/or political reasons. I am currently pursuing my MBA to ...
by beyou
Sun Jun 09, 2019 7:18 am
Forum: Personal Consumer Issues
Topic: Car Top Carrier
Replies: 18
Views: 1261

Re: Car Top Carrier

I bought a soft rooftop carrier (Roofbag brand).
Easier to fold up and store after finishing your trip.
Good for softer items. Packed pillows, mattress topper, and clothing in bags during many college dorm runs. Only buy waterproof model though, in case of rain.
by beyou
Sun Jun 09, 2019 7:08 am
Forum: Personal Consumer Issues
Topic: College Credits to stay on Parents Health Insurance
Replies: 17
Views: 1351

Re: College Credits to stay on Parents Health Insurance

You need to look at laws in your state and contact your plan. My plan allows children to 26 without regard to student status. YMMV.
by beyou
Fri Jun 07, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 2750

Re: how to deal with people who are not living boglehead way of life

Out of guilt helped an in-law relative years ago. They lost the $ lent, declared bankruptcy and have never so much as mentioned any intention of repayment. Meanwhile they live in a nicer home, commented that mine is a “tear down”, and just went to a carribean island vacation. There are other areas t...
by beyou
Thu Jun 06, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6238

Re: Older retirees: Do you have lower expenses now than you did in early retirement?

For instance, I'm a bit old to re-roof my house again in a while as I did 15 years ago. Hiring out tasks that are physically hard to do as one ages seems like it would be a big consideration, especially if one doesn't downsize the home. Maid service, yard service, etc. Depends if you EVER did thing...
by beyou
Thu Jun 06, 2019 10:18 am
Forum: Personal Investments
Topic: How would you invest a lump sum of 3 million dollars in today's market?
Replies: 50
Views: 5519

Re: How would you invest a lump sum of 3 million dollars in today's market?

Vt and vti were suggested to both be owned. They have huge overlap, you would not want both. VT can be your only stock portfolio. Personally I would consider a target date fund to keep it simple. Year based in when you really intend to start living off this pool of cash (your planned “retirement” fr...
by beyou
Tue Jun 04, 2019 2:03 pm
Forum: US Chapters
Topic: Any interest in forming Local Chapter on Long Island NY?
Replies: 34
Views: 7483

Re: Any interest in forming Local Chapter on Long Island NY?

Lots of people sitting on delayed LIRR trains and LIE traffic jams....no time :-)

When I FIRE I will be interested but as long as I am still commuting to the city, probably wont have much time.
That is one of many good reasons to RE !
by beyou
Tue Jun 04, 2019 11:38 am
Forum: Personal Investments
Topic: Just Got a Call From Fidelity
Replies: 55
Views: 7668

Re: Just Got a Call From Fidelity

Etrade calls me every time there is a non-trivial deposit, to sell me asset management services.
Despite telling them not to call again, they call anyway..
by beyou
Sun Jun 02, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 10881

Re: How long have you been unemployed?

Worked at many firms that executed layoffs, but either avoided getting the axe, or anticipated it would happen and left before losing income. Once I turned down a job offer same day I was laid off. Got another offer and asked if I could start in 2 months so I had time to relocate (really wanted some...
by beyou
Sun Jun 02, 2019 12:28 am
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 7375

Re: Do you regret taking a pay cut for quality of life?

Tuned away higher paying jobs to maintain existing quality of life. Does that count ?
by beyou
Sun Jun 02, 2019 12:17 am
Forum: Personal Consumer Issues
Topic: What to do with old unused laptops?
Replies: 17
Views: 1939

Re: What to do with old unused laptops?

BestBuy will tale laptops for recycle.
by beyou
Sat Jun 01, 2019 2:41 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 37374

Re: For those who earn $500k+ per year. How'd you do that?

Since this is bogleheads...active managers of mutual funds ! Not a joke, high comp levels were common, though index funds are impacting that career path now.
by beyou
Thu May 30, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 7136

Re: $3k for teen club soccer

My baseball player spent little $ in summer travel little league, and had a father/manager who favored his own kid despite being a huge liability to the team. This coach taught them nothing other than, make sure your daddy is the team manager so you can play. At age of 14 he moved to one of those $3...
by beyou
Wed May 29, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 8503

Re: USAA getting out of mutual fund biz

I've been a USAA member for 42 years. They had a great reputation for service, but in recent years they seem have become a marketing enterprise. Like everyone else in the financial business, they have moved to the Internet and automated many processes. That last part they have not done very well. T...
by beyou
Wed May 29, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Extended auto warranty - who to buy from, if you want to
Replies: 40
Views: 2094

Re: Extended auto warranty - who to buy from, if you want to

Offer them less, if this is what you want. They can only say no. Offer $1000 and if they make a counter offer, make them wait and tell them “you have to talk to your manager”.
by beyou
Wed May 29, 2019 6:53 am
Forum: Personal Investments
Topic: Taxable Bond or Muni?
Replies: 18
Views: 3182

Re: Taxable Bond or Muni?

I think I got it mixed up, your tax inefficent fund,( higher taxed) which in this case would be a taxable bond in a retirement account. The tax efficient fund( lower taxed) in this case the muni fund in the taxable fund. BUT now we have a persons tax rate to consider Im retired , but it seems if yo...
by beyou
Tue May 28, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: FIRE in 6-7 years vs 20+ years
Replies: 44
Views: 4883

Re: FIRE in 6-7 years vs 20+ years

Your handle has me worried, not sure about who.
by beyou
Tue May 28, 2019 6:07 am
Forum: Personal Investments
Topic: For those of us that can't max contribute
Replies: 74
Views: 6930

Re: For those of us that can't max contribute

You know your kids. If you have a brilliant child who has potential to be a physician or scientist figure out how to help her go to a 4 year state college. If you have a child who would do well with the structure of enlisting in the military at age 18 consider presenting that as an option to pay fo...
by beyou
Mon May 27, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Troubling Delay in Retirement Processing
Replies: 8
Views: 901

Re: Troubling Delay in Retirement Processing

This only confirms the trend to use 401k and similar as a retirement vehicle. During my career I sought the highest paying job without regard to offer of a pension. Prefer to control my own destiny.
by beyou
Mon May 27, 2019 6:16 am
Forum: Personal Investments
Topic: Help me get into Target Date Funds
Replies: 10
Views: 1136

Re: Help me get into Target Date Funds

The glide path might not be relevant for you given how close you are to retirement. Vanguard LifeStrategy Funds offer automatic rebalancing so you could still “set it and forget it” but without having to deal with the glide path of target date funds. The glidepath floors equities at 30% (Target Ret...