Search found 327 matches

by TigerNest
Fri Oct 11, 2019 11:22 pm
Forum: Personal Investments
Topic: “Upgrading” a regular Vanguard taxable account to a brokerage account
Replies: 14
Views: 1678

Re: “Upgrading” a regular Vanguard taxable account to a brokerage account

*IF* you work in the financial world, make sure that Vanguard is in the list of approved brokers before you run the conversion to Brokerage platform. My MegaCorp does not approve of brokerage platforms at Vanguard, but if you are on a mutual fund platform at Vanguard they are ok. They specifically ...
by TigerNest
Fri Aug 09, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2358

Re: Unlimited PTO, for employees, is an HR con / scam / evil plan to "tether" employees to a workplace? HubSpot? SAS?

I consider "unlimited PTO" to be a negative in a career search, and would try to avoid a place that offers it. I'm hoping it's a fad that dies off, but there's a lot of cost savings to companies that offer it since they don't have to accrue/pay out vacation time anymore, so I expect to see more of i...
by TigerNest
Fri Aug 09, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate
Replies: 13
Views: 1375

Re: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate

Why are you doing a dozen wire transfers a month? Could a business account be more appropriate? Or an alternative transfer method that doesn't involve a wire?
by TigerNest
Wed Jul 24, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: What companies provide the best customer service
Replies: 58
Views: 4233

Re: What companies provide the best customer service

Schwab is consistently great.
by TigerNest
Sat Jun 22, 2019 7:33 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 704

Re: Why no total US market ETF outside US - only S&P500

Can you invest in the ETF version, VTI?
by TigerNest
Mon May 27, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage when losing a job?
Replies: 13
Views: 1266

Re: Pay off mortgage when losing a job?

I’m sorry to hear about the lost job. I agree with the other posters - do not pay the mortgage off. I also would not do anything radical like sell the house yet. There are a lot of one-time expenses with home buying and you don’t know what your commute at your next job will be (or if you’ll have to ...
by TigerNest
Mon May 20, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5180

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Who will your first patient be? What will your first 10 clients look like? How would they find you? Why would they choose you over everyone else? Business plans are helpful planning tools, but before you get there you should decide on your how you’re differentiated - is it you offer lower costs, bet...
by TigerNest
Mon May 06, 2019 2:40 pm
Forum: Personal Investments
Topic: Convert VTSAX to VTI because of VTI's lower expense ratio?
Replies: 12
Views: 2792

Re: Convert VTSAX to VTI because of VTI's lower expense ratio?

To put it into context, this is $100 per year per $1,000,000 invested.
by TigerNest
Sat Apr 27, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes
Replies: 37
Views: 2106

Re: Taxes

[deleted]
by TigerNest
Tue Mar 05, 2019 6:17 pm
Forum: Personal Investments
Topic: Time to sack Warren Buffett?
Replies: 41
Views: 4409

Re: Time to sack Warren Buffett?

He's outperformed the market over the last few years.
  • 2018 returns were 2.8% vs. (4.4)% of the S&P 500
  • 2017 returns were 21.9% vs. 21.8% for the S&P500
  • 2016 returns were 23.4% vs. 12.0% for the S&P 500
You can see it his latest letter: http://www.berkshirehathaway.com/letters/2018ltr.pdf
by TigerNest
Sat Feb 23, 2019 12:31 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 115
Views: 12511

Re: How did mylife.com get my info?

I looked up myself. The income and net worth were way off. They are probably extrapolating from census data in your zip code. They have some woman I never heard with a criminal record listed as a relative. They have me listed as having criminal violations which can only be traffic citations. I woul...
by TigerNest
Sun Feb 17, 2019 10:51 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2122

Re: My First Mega Backdoor Roth

johnra wrote:
Sun Feb 17, 2019 10:33 pm
3) Still the main determinant of where you contribute is your marginal tax rate
How so?
by TigerNest
Sun Feb 17, 2019 10:32 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2122

Re: My First Mega Backdoor Roth

And that's why you use a cash/stable value fund in the after-tax sub-account, so you don't have a loss. Of course, I hadn't even thought of that. Great idea. How much are the quarterly AUM fees? Maybe I'm being penny wise, pound foolish. When I looked at it last year they were low enough that inves...
by TigerNest
Sun Feb 17, 2019 10:04 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2122

Re: My First Mega Backdoor Roth

Find out what the paperwork will entail to roll over. It may be easier to have a Roth IRA at the same custodian as the 401k. Thanks Duckie! Who would I ask, my 401k provider or Schwab (the recipient)? I'd rather not have to open a new account. When I asked my 401k provider (Prudential) what it woul...
by TigerNest
Sun Feb 17, 2019 8:59 pm
Forum: Personal Investments
Topic: My First Mega Backdoor Roth
Replies: 21
Views: 2122

My First Mega Backdoor Roth

For the first time in my career/life, I think I'm able to fund a Mega Backdoor Roth. I'd love some feedback from the community to make sure I'm implementing it correctly. The situation: I currently fund my 401(k) with $19,000 and get a $1,000 match. So I think I can fund another $36,000 (I am under ...
by TigerNest
Sun Dec 30, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside to superfunding 529 Plan just before college starts?
Replies: 7
Views: 1167

Re: Any downside to superfunding 529 Plan just before college starts?

You are missing risk. There is no guarantee that the 100 k investment will be higher in 3years. If you don’t get a state tax deduction for the 529, I would just cash flow it. A constant refrain here is that money needed within 5 years should be saved, not invested. If you really feel like risking s...
by TigerNest
Sun Dec 30, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 128
Views: 11978

Re: Annuities objectively considered

I’ll probably get an annuity when I’m very old to protect against longevity risk. I think it’s a fine product for a specific use case. The problem is simple annuities got commoditized and insurance companies and agents don’t make much money off of them. The insurance industry tried to ‘innovate’ by ...
by TigerNest
Sun Dec 30, 2018 9:06 am
Forum: Personal Investments
Topic: Investing/saving for downpayment in 3 years
Replies: 15
Views: 1093

Re: Investing/saving for downpayment in 3 years

We had a similar investment goal and time horizon, and ended up buying individual Treasury notes that mature a few months before we plan to buy a house. The yields were slightly higher than CDs and are re-sellable in a pinch, though ideally you want to hold them to maturity.
by TigerNest
Fri Dec 28, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3736

Re: not funding kid's tuition

As others have said, college costs are vastly different today, and there is a chance your child will be permanently crippled financially if he or she goes to an expensive school without fully understanding the consequences. I don’t think you are necessarily morally obliged to pay, but you should mak...
by TigerNest
Wed Dec 26, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: Is there a Nassim Taleb portfolio?
Replies: 38
Views: 6639

Re: Is there a Nassim Taleb portfolio?

2. Taleb's recommendation to his non-professional readers is a bar-bell: - 90% in the safest investments possible - 10% highly speculative investments that have a potential to catch positive Black Swans This sounds like it would leave one very exposed to a Black Swan event that affected safe invest...
by TigerNest
Mon Dec 17, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Kid schooling - not learning much academically. Looking for suggestions.
Replies: 117
Views: 6357

Re: Kid schooling - not learning much academically. Looking for suggestions.

We have looked at public schools. The general comments I received from other parents are "public schools goal is to bring less able students to certain acceptable level". You should ask some different parents. 90% of Americans go to public school. I went to public school all my life and went to Pri...
by TigerNest
Tue Nov 20, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: The Rise of Passive Investing - Are we missing something?
Replies: 18
Views: 3272

Re: The Rise of Passive Investing - Are we missing something?

To add some numbers to this, passive management in the US went from 13% of the market in 2001 to around 38% in 2017. A majority of investing remains active. Ironically, most money is almost certainly already in passive management and has been that way for probably a decade or two with no noticeable...
by TigerNest
Mon Nov 19, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: The Rise of Passive Investing - Are we missing something?
Replies: 18
Views: 3272

Re: The Rise of Passive Investing - Are we missing something?

To add some numbers to this, passive management in the US went from 13% of the market in 2001 to around 38% in 2017. A majority of investing remains active.
by TigerNest
Thu Nov 08, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: PenFed new savings rates
Replies: 20
Views: 2867

Re: PenFed new savings rates

For comparison, Marcus (Goldman Sachs' consumer bank) is offering 2.55% 1-year and 3.1% 5-year. They also have a 13 month 'no withdrawal penalty' CD for 2.15%. And the online savings account is currently at 2.05%. I've held CDs with both, but recently just started investing in US Treasuries. The 1-y...
by TigerNest
Mon Nov 05, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Argentina Trip Over Winter Break
Replies: 20
Views: 1910

Re: Argentina Trip Over Winter Break

Iguazu Falls is one of the most beautiful places I have ever been. Truly a memorable trip.
by TigerNest
Sat Oct 13, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3878

Re: Not convinced with insurance

Makes sense to me. We didn't get life insurance until we had a child. Life insurance quotes did get more expensive when I hit my mid-30s, so we went with a 20-year term instead of a 30-year term since we figure we shouldn't need the insurance by the time we're in our mid 50s, hopefully with a house ...
by TigerNest
Thu Oct 11, 2018 11:13 pm
Forum: Personal Investments
Topic: American Funds by Capital Group
Replies: 6
Views: 794

Re: American Funds by Capital Group

They're one of the most reputable and respected active managers in the US.

They have $1.7 trillion in assets under management, which puts them in the top 10 of asset managers by size, larger than Wellington and T. Rowe Price but smaller than Fidelity.
by TigerNest
Sat Sep 29, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: For real liquid cod liver oil.........?
Replies: 16
Views: 1309

Re: For real liquid cod liver oil.........?

It sounds very old-timey. Why do you want it?
by TigerNest
Wed Sep 26, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6480

Re: Economic reasons for rate increase by the Fed?

The Fed sets the nominal, short-term interest rate, but the real interest rate is set by market forces and the state of the economy. The Fed needs to periodically adjust the nominal rate so it's in equilibrium with what they estimate is the real interest rate, otherwise the economy will slow or it w...
by TigerNest
Mon Sep 17, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3827

Re: a low grade in a 9th-grade test

A good life lesson. Definitely do not give up on honors classes (let alone switch schools - yikes). I’d suggest talking to the kid to find out what went wrong. Then I’d suggest he or she meet with the teacher to discuss what went wrong, and ask them to help make a plan to get back on the right track...
by TigerNest
Sun Sep 16, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5854

Re: 38% pay cut for dream job?

Take the job and enjoy!

Be conservative with money after it's earned. Careers are better with a little calculated risk taking.
by TigerNest
Sun Sep 16, 2018 4:20 pm
Forum: Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 9962

Re: Thinking of Retiring at 52, Please Critique Plan

travel424 wrote:
Sun Sep 16, 2018 12:58 pm
includes $10,000 for health insurance though looking at christian health sharing accounts and/or tax subsidies.
Christian health sharing accounts aren't the same as health insurance. I would be really worried about relying on one in my 50s, when health risk start to rise.
by TigerNest
Sat Sep 15, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1217

Re: ESOP, Options, Restricted Shares holders: When do you sell?

To add, when I was in my 20s, I got stock options that quickly were deep in the money and worth $12,000 but had a 4-year cliff vesting requirements. I planned to use it to pay for graduate school. 2 months before they vested, the stock cratered on a bad quarter and they ended up worth $1,100. Nothin...
by TigerNest
Sat Sep 15, 2018 3:23 pm
Forum: Investing - Theory, News & General
Topic: ESOP, Options, Restricted Shares holders: When do you sell?
Replies: 21
Views: 1217

Re: ESOP, Options, Restricted Shares holders: When do you sell?

I sell my restricted stock as soon as it vests. I have plenty of exposure to my company's stock performance through my unvested stock with 4+ year holding requirements. I don't need to add to it by holding on past when I have to. It's also a significant portion of my net worth (~40% if I counted it ...
by TigerNest
Sat Sep 15, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 10352

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What about rain? That can be worse than snow. Yes, I think it's the rain that did them in. That and perspiration. I only walk 5 blocks in the rain to get to the subway, and obviously don't step in puddles, but I guess that's been enough to ruin them. Grr, what is the point of shoes you can't wear o...
by TigerNest
Sat Sep 15, 2018 8:34 am
Forum: Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 6017

Re: Employer won't Match 401k. Why?

Employers aren't allowed to selectively give you a higher match. They have to treat all employees equally.
by TigerNest
Thu Sep 13, 2018 9:14 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 10352

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one ...
by TigerNest
Thu Sep 13, 2018 8:40 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 10352

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

What a timely topic. I have been so frustrated with my shoes. I bought 3 pairs of identical black shoes for $130 each last year for a new job. My plan was to rotate them daily so they’d last longer. I got wooden cedar inserts too. Now two of the pairs have holes worn through the leather soles, one s...
by TigerNest
Sun Sep 09, 2018 9:16 pm
Forum: Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 7038

Re: Lower Return Decade Says Jack: Thoughts?

10 year Treasury bills are a little under 3%.

Equity risk premium for the last 100 years has been 3.5% - 5.5%. It's been declining for years, but let's just use that range.

That means the market expects a 6.5% - 8.5% nominal return on the equity market over the next decade.
by TigerNest
Sun Sep 09, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 19614

Re: Bay Area housing frenzy cooling

We left the Bay Area because of house prices. To Manhattan, where they're more reasonable. :shock: I think prices are sticky on the way down, often for years. The highest recent price burns into people's minds so they don't want to sell at a "discount". Those that have to sell do, those that don't l...
by TigerNest
Sun Sep 09, 2018 6:52 pm
Forum: Personal Investments
Topic: RSU tax payment question - Sell to Cover or Pay Cash
Replies: 3
Views: 958

Re: RSU tax payment question - Sell to Cover or Pay Cash

The tax treatment should be the same. Taxes are incurred on the day the shares vest and are available for sale, for the full amount. The difference between the two choices is that if you pay cash to cover the estimated taxes, you'll own more company shares. Question for you: if you had an equal amou...
by TigerNest
Mon Sep 03, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Selling a car to CarMax
Replies: 74
Views: 46267

Re: Selling a car to CarMax

We've sold 2 cars to CarMax. It was a great experience, about as hassle-free as it could get. The prices we were offered were also quite good.
by TigerNest
Sat Aug 18, 2018 12:24 pm
Forum: Personal Investments
Topic: 529 accounts - overfunded?
Replies: 4
Views: 668

Re: 529 accounts - overfunded?

We have $60k in our 1.5-year old's 529 plan... We plan to put in $30k a year until he's 5 or 6, then stop contributing and let it ride. If he goes to a state school and/or gets a scholarship, that's great. He can use it for grad school. If he's done with school and there's money left over, we can sa...
by TigerNest
Sun Aug 05, 2018 11:14 pm
Forum: US Chapters
Topic: How did you become a Boglehead?
Replies: 53
Views: 4444

Re: How did you become a Boglehead?

Burton Malkiel, who wrote A Random Walk Down Wall Street , was my college professor for Intro to Finance. I've been an indexer ever since. Pretty amazing experience. I wonder if I still have my sophomore year notes somewhere, when I wrote down that I needed to look up the firm 'Vanguard' after class.
by TigerNest
Sat Aug 04, 2018 10:49 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1027
Views: 139376

Re: Poll: At what age did you hit $500k Net Worth

The Great Recession hit early in my career, and my earnings growth disappeared for the rest of my 20s. Thankfully I was able to reset my compensation with a job hop at 31, and I hit 500k soon after.
by TigerNest
Sat Jul 28, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 6610

Re: Regret Public School?

I went to public school and had a great experience. We plan to send our kids to public schools. However, we plan to move to a very good school district when they're reach school age. If we stayed in our current neighborhood, we'd likely pay for a private one. There's no denying the distribution of p...
by TigerNest
Mon Jul 23, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone sell their car to Carmax or webuyanycar.com?
Replies: 34
Views: 11039

Re: Anyone sell their car to Carmax or webuyanycar.com?

I sold my Corolla to Carmax when we moved across the country. It was great and I highly recommend it — super easy, very fair price.
by TigerNest
Fri Jul 20, 2018 11:04 pm
Forum: Personal Investments
Topic: Structured Note
Replies: 19
Views: 1873

Re: Structured Note

wolf359 wrote:
Fri Jul 20, 2018 1:45 pm
- Your returns are taxed at ordinary income rates. This doesn't qualify for long term capital gains rates.
I just want to emphasize this, since it's a big deal.
by TigerNest
Thu Jul 12, 2018 7:49 am
Forum: Personal Investments
Topic: Eesh! 100% Company Stock - Help me with my 401k!
Replies: 19
Views: 1780

Re: Eesh! 100% Company Stock - Help me with my 401k!

Are you really sure you should be filing as 'Married Filing Separately'? It's not the same as both of you filing as Single. It limits a lot of your deductions, so it's rarely the better solution except for a few edge cases. Also I just want to make sure you're aware company matches don't count again...