Search found 1692 matches

by Bfwolf
Sat Apr 21, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: Visiting Chicago - Foodie suggestions?
Replies: 28
Views: 1496

Re: Visiting Chicago - Foodie suggestions?

Some really good suggestions here (well maybe not Weber Grill....come on!). A few add'l thoughts: 1) There are a lot of different opinions about the best deep dish place. People rave about Pequod's, but I absolutely prefer Giordano's. Some people don't like Giordano's at all. It's all just personal ...
by Bfwolf
Sat Apr 21, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3498
Views: 986568

Re: What Movie Have You Recently Watched?

Saw Chappaquiddick yesterday. I give it 3 stars out of 4. I was born after the incident so have no memory of it nor of its impact on Ted Kennedy's future political career. So I went in as a pretty blank slate. The guy who plays Ted Kennedy does a great job.
by Bfwolf
Thu Apr 19, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Got hit with a $2800 Medical bill. Can I negotiate?
Replies: 187
Views: 9278

Re: Got hit with a $2800 Medical bill. Can I negotiate?

OP, did you call the medical provider? What happened?
by Bfwolf
Sun Apr 15, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3498
Views: 986568

Re: What Movie Have You Recently Watched?

I saw Isle of Dogs and A Quiet Place last week. Isle of Dogs I would give 2 out of 4 stars. If you're a Wes Anderson fanatic, I'm sure you'll love it. I enjoyed his first 2 movies (Bottle Rocket, Rushmore) but since then I've thought they've been meh at best (Life Aquatic, Royal Tenenbaums, Darjeeli...
by Bfwolf
Sun Apr 15, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: 52 oz, the new orange juice size?
Replies: 21
Views: 1548

Re: 52 oz, the new orange juice size?

We (the collective "we," not you and I specifically) are the cause of all this downsizing. It's what consumers often prefer (versus price increases) when voting with their dollars. It has to be significantly preferred, in fact, because size changes are expensive.
by Bfwolf
Fri Apr 13, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6749

Re: Why traditional IRA better than Roth IRA

In general, the Roth beats the tIRA for almost all taxpayers in the new 24% and under brackets (under $315k a year aAGI, or about 98% of Americans). Doing the math over 10, 20, or 30 years, Roth wins. A pretty simple way to calculate whether the Roth would be a better deal or not is to run the $11k...
by Bfwolf
Fri Apr 13, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6749

Re: Why traditional IRA better than Roth IRA

This example is true only when you pay the taxes from the pot of money, when it goes in, and when it comes out. But why would you waste your tax-deferred dollars on taxes if you can pay the taxes out of your income or taxable assets? This is especially true for a Roth conversion. If you decide to d...
by Bfwolf
Fri Apr 13, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3480

Re: Crazy to start 529 without kids??

I don't think this is a crazy idea, especially since you live in a state that offers a deduction for 529 contributions. It's a calculated risk. Yes, there's the possibility that you won't need that money for education expenses. But new parents don't know they'll need the money for education expenses...
by Bfwolf
Thu Apr 12, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: As an expat with no US address, can I move my 401k?
Replies: 16
Views: 1283

Re: As an expat with no US address, can I move my 401k?

fredjohnson wrote:
Thu Apr 12, 2018 8:39 pm
Your an ex-Pat so you are NOT a US citizen any longer? I'd say you won't be able to move the money anywhere.
Fred, a US expat is a US citizen living abroad. They keep their citizenship.
by Bfwolf
Thu Apr 12, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6749

Re: Why traditional IRA better than Roth IRA

when withdrawal time comes total money will be much bigger and with Roth I am not paying any tax whereas with traditional I would be. This is a common fallacy. It doesn't matter that the money will be greater when you take it out. Here's a simple exercise to prove the point. Let's compare $10,000 a...
by Bfwolf
Tue Apr 10, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Entire $24,000 SEP IRA in Vanguard Health Care Fund
Replies: 34
Views: 2282

Re: Entire $24,000 SEP IRA in Vanguard Health Care Fund

OP, I think the big question here is: what do you know that the professional analysts who cover the health care industry for a living don't? Because by placing a bet on that sector, you are saying that they have under-valued the health care industry and its performance will exceed their expectations...
by Bfwolf
Tue Apr 10, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 7848

Re: Cash flow problems - best way to handle?

I don't think I was as direct about my idea on the first post as I could have been. You obviously own a valuable piece of RE and I'm not familiar with your local market for it but could you run some airbnb rentals through it when the kids aren't there? That might be less hassle than permanently ren...
by Bfwolf
Tue Apr 10, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 37301

Re: Name something you bought that wasn't cheap and glad you did

My Herman Miller Aeron desk chair. I work from home and was really screwing up my back and neck with the crappy chair I had before. I bought the Aeron chair used and it was still about $400 if I remember correctly. I got it with a year left on its warranty and was able to get a bunch of stuff fixed ...
by Bfwolf
Tue Apr 10, 2018 12:10 pm
Forum: Personal Consumer Issues
Topic: Persian Rug Passed Down From Grandmother
Replies: 28
Views: 2053

Re: Persian Rug Passed Down From Grandmother

This thread inspired me to take out the afghan my Grandma knitted for me before she died ~15 years ago and has been sitting unused in a shelf in my closet this whole time. I miss her and holding the afghan definitely brought out some bittersweet feelings.
by Bfwolf
Sun Apr 08, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we discuss renting a car? [Insurance]
Replies: 25
Views: 1244

Re: Can we discuss renting a car? [Insurance]

Related question for folks: I am travelling with a friend and we will be getting a rental car at Budget, booked through Costco. She will be the person on the contract, and I will be listed as an additional driver (free through Costco booking). She has personal auto insurance, I do not. If I'm drivin...
by Bfwolf
Sun Apr 08, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can we discuss renting a car? [Insurance]
Replies: 25
Views: 1244

Re: Can we discuss renting a car? [Insurance]

OP, getting back to your original question. You should probably use the Chase Sapphire Preferred to pay for the rental. That will give you primary collision coverage. You should probably buy the rental car company's additional liability insurance supplement, as your credit card won't provide this an...
by Bfwolf
Thu Apr 05, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Keep it simple for me...please!
Replies: 12
Views: 2114

Re: Keep it simple for me...please!

Cassieeee, first let me congratulate you on what you've achieved so far with relatively little knowledge on the subject. Maybe you know more than you think you do! Second, I would definitely encourage you to do some reading or watch some videos to increase your knowledge. You can read the If You Can...
by Bfwolf
Thu Apr 05, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: LG 75" vs OLED 65" TV or Wait?
Replies: 44
Views: 3766

Re: LG 75" vs OLED 65" TV or Wait?

I bought a 65" LG OLED to replace a 2006 Panasonic 50" 720P plasma. The picture is excellent. BUT, and this is a huge but, the difference vs the Panasonic is minimal when watching regular HD satellite feed. TV capabilities have far outstripped what satellite/cable companies can deliver. And my under...
by Bfwolf
Sat Mar 31, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 4481

Re: Total return vs dividends

I view a portfolio as a water tank the level of which goes up or down depending on the market. The tank has two taps to withdraw funds from: 1) dividend 2) selling shares Tap 1 is controlled by the companies and you may redirected it to the tank if you choose. On the other hand, you may open or clo...
by Bfwolf
Sat Mar 31, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3498
Views: 986568

Re: What Movie Have You Recently Watched?

I'm torn on the Death of Stalin. Intellectually, I enjoyed it. It's clever. There were a couple of moments where I laughed out loud. I was never bored. But at the end, I didn't come out feeling like "Man I really loved that movie" like I did when I came out of The Florida Project and The Shape of Wa...
by Bfwolf
Fri Mar 30, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 4481

Re: Total return vs dividends

freeat56 wrote: My other question is that if my portfolio generates consistent dividends and interest income, I’ll never be forced to sell shares when the market is down. Taking dividends is, in effect, selling. The big problem with taking dividends is you cannot control when to make withdrawals, s...
by Bfwolf
Fri Mar 30, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3411

Re: Help! Possible to receive my bonus?

Update on final outcome: *I decided not to consider an overlap of employment *HR told me the company not once has paid bonus if employees left in advance and they have upheld this rule for top performers who left just a week early *With the 1 week I had between jobs, I used it to explain my case to...
by Bfwolf
Fri Mar 30, 2018 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Investing 150k of law school tuition
Replies: 7
Views: 824

Re: Investing 150k of law school tuition

I love the idea of putting some of it into a 529 if your state offers a meaningful tax deduction. If not, don't bother. And in any case, they certainly won't offer you a $150K tax deduction so it could only be for a piece of your savings (every year you could put in more to max the deduction). If yo...
by Bfwolf
Tue Mar 27, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Talk to me about backdoor Roth
Replies: 22
Views: 1587

Re: Talk to me about backdoor Roth

As Retiredjg says, the back door Roth definitely makes sense. Your choice is between putting this money in a regular taxable account, where you will have already paid income tax on the money but will pay capital gains and dividend taxes on it in the future as well.....or to put it in the backdoor Ro...
by Bfwolf
Tue Mar 27, 2018 12:38 am
Forum: Personal Consumer Issues
Topic: London Hotels
Replies: 59
Views: 3847

Re: London Hotels

Not the TS, but I'm staying in London later this year, too. We're flying into LHR. I was planning on staying at the DoubleTree at Victoria Station due to very easy proximity to everything. In town for six nights. Any comments? Do I have a direct train from LHR to the hotel? I've done a small amount...
by Bfwolf
Mon Mar 26, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3411

Re: Help! Possible to receive my bonus?

I'm in agreement, I will not attempt to overlap employment as I do not want to break any agreements / expectations. I do have a sign on but I will still take a hit. If I do get my bonus it will be a pleasant surprise to me - it's not expected and it's not something I am counting on. I was never att...
by Bfwolf
Mon Mar 26, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Talk to me about backdoor Roth
Replies: 22
Views: 1587

Re: Talk to me about backdoor Roth

Ah yes, there is a 401k. :happy I looked in the first post and didn't see it. Which plan is active for 2018? The 401k? Have you asked Schwab if their i401k will accept a rollover from a SEP IRA? Some do and some don't. If yes, I believe you have to wait until the 2 years have passed, but you can as...
by Bfwolf
Mon Mar 26, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Talk to me about backdoor Roth
Replies: 22
Views: 1587

Re: Talk to me about backdoor Roth

Ah yes, there is a 401k. :happy I looked in the first post and didn't see it. Which plan is active for 2018? The 401k? Have you asked Schwab if their i401k will accept a rollover from a SEP IRA? Some do and some don't. If yes, I believe you have to wait until the 2 years have passed, but you can as...
by Bfwolf
Mon Mar 26, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3411

Re: Help! Possible to receive my bonus?

It seems that you knew you would not be eligible for the bonus when you officially accepted the new offer of employment. But now you are having second thoughts. Your new employment contract spells out in black and white that you are not permitted to work for anyone else in the industry while employ...
by Bfwolf
Mon Mar 26, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Talk to me about backdoor Roth
Replies: 22
Views: 1587

Re: Talk to me about backdoor Roth

That is a SEP IRA. If you made the contributions, you must be the employer as well as the employee. Was the first contribution more than 2 years ago? A SEP IRA, being a type of IRA, will interfere with doing the back door to put money into Roth IRA. It would cause the conversion step of the "back d...
by Bfwolf
Mon Mar 26, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3411

Re: Help! Possible to receive my bonus?

Summary *Current employer sent an email during last year's fourth quarter stating annual bonus payouts "would be moved from March to end of April to align with the rest of the globe's payout timeline". Historically bonus has always been paid in Quarter 1 (March). * In January current employer sent ...
by Bfwolf
Mon Mar 26, 2018 1:02 am
Forum: Investing - Help with Personal Investments
Topic: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule
Replies: 12
Views: 994

Re: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule

Earl Lemongrab wrote:
Mon Mar 26, 2018 12:11 am
Not all that much work, and this clears the way for backdoor Roth every year, not just the one.
So does the way I suggested. :)
by Bfwolf
Mon Mar 26, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8111

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

The issue isn't whether they can close his account but whether they can sell his securities at a random price and without warning. Do the T&C really state that they can sell securities if he does something with his credit card they don't like? I agree....this is the issue. My question would be: how...
by Bfwolf
Mon Mar 26, 2018 12:46 am
Forum: Investing - Theory, News & General
Topic: A new twist--flex fees
Replies: 7
Views: 1017

Re: A new twist--flex fees

As mentioned, the real problem here is the perverse incentive system it creates for the fund manager. They get paid the same for trailing the benchmark by 1% as trailing it by 5%, but the reverse is not true. So they are going to take big risks in an attempt to get paid big.
by Bfwolf
Sun Mar 25, 2018 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule
Replies: 12
Views: 994

Re: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule

Here's the suggestion on the table, assuming you are eligible for a solo 401k: Step 1: Convert the rest of the $s in your IRAs to a Roth. This will incur some more taxes above and beyond the $578 you've calculated as you'll now also owe 35% x $3,000 x 30% = $315 in additional taxes, but this will c...
by Bfwolf
Sun Mar 25, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Possible to receive my bonus?
Replies: 29
Views: 3411

Re: Help! Possible to receive my bonus?

I feel like your strategy of being on vacation is innocent enough that you don't even need to mention to new employer, as long as you really don't do any work for the old employer. I think this strategy is most likely to be accepted by HR if you actually have the vacations days to bridge the gap rat...
by Bfwolf
Sun Mar 25, 2018 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule
Replies: 12
Views: 994

Re: Oops: SEP IRA and Backdoor Roth = Pro-rata Rule

Here's the suggestion on the table, assuming you are eligible for a solo 401k: Step 1: Convert the rest of the $s in your IRAs to a Roth. This will incur some more taxes above and beyond the $578 you've calculated as you'll now also owe 35% x $3,000 x 30% = $315 in additional taxes, but this will cl...
by Bfwolf
Sat Mar 24, 2018 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump VHDYX or VTMFX?
Replies: 8
Views: 1173

Re: Should I dump VHDYX or VTMFX?

Thanks for the insight and good analysis. Right now, I am just holding. I'd still encourage you to post using this format as suggested. You will get great advice that may not be on the subject you expected, but could make a huge difference in your financial life. https://www.bogleheads.org/forum/vi...
by Bfwolf
Sat Mar 24, 2018 12:07 am
Forum: Investing - Help with Personal Investments
Topic: "I won the Lottery" update -
Replies: 33
Views: 8129

Re: "I won the Lottery" update -

Excellent work! Keep it up!

And thanks for coming back and keeping us informed of your progress. I hope you continue to do so--it may sound silly, but even a "commitment" to an anonymous web forum can help keep you honest with yourself and on track.
by Bfwolf
Fri Mar 23, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 58
Views: 4968

Re: Costco Kirkland Brand Liquor

...Kirkland bourbon and rum is produced by Jim Beam... Jim Beam deals with rum now? Really? According to the internets: The Kirkland St. Croix Island spiced rum is made by Jim Beam Brands Company. The company is located at 526 Happy Hollow Road Clermont, KY. It also manufactures 'Costco's Kirkland ...
by Bfwolf
Mon Mar 12, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard now charging $10.00 wire fee
Replies: 33
Views: 3831

Re: Vanguard now charging $10.00 wire fee

I had to make a few wires to my safari operator in the last year for my trip to Africa. I used Vanguard, and it was easy and free. I didn't even get charged by the correspondent bank...not sure if Vanguard was covering those fees for me? I did get charged a fee once when my safari operator's corresp...
by Bfwolf
Mon Mar 12, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: traveling to mexico, should I be concerned?
Replies: 107
Views: 8530

Re: traveling to mexico, should I be concerned?

I would do exactly what the State Department warning recommends. Exercise heightened caution, avoid the 5 Playa neighborhoods it says to avoid, and don't take the ferry.

I only avoid a place altogether if the State Department says avoid all non-essential travel to the country.
by Bfwolf
Mon Mar 12, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: no bonds in roth?
Replies: 34
Views: 4747

Re: no bonds in roth?

[...] The best way to avoid this is to calculate your asset allocation on a tax-adjusted basis, in which case it won't matter where you hold your bonds when it comes time to calculate your asset allocation. If you're not going to calculate your asset-allocation on a tax-adjusted basis, the best way...
by Bfwolf
Sat Mar 10, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: no bonds in roth?
Replies: 34
Views: 4747

Re: no bonds in roth?

If we are talking about deciding whether to have bonds in a Roth versus a traditional IRA/401k, the long time horizon argument some are making holds no water. Money is fungible. You can hold bonds in your Roth and stocks in your traditional IRA now, and then in the future when you're making RMDs, yo...
by Bfwolf
Thu Mar 08, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Dental plans
Replies: 21
Views: 1734

Re: Dental plans

You can get that advantage with a dental discount card, about $100 / year. No claims, no denials, no maximum. [/quote][/quote] Do you have a dental discount card? Is there one you can recommend? I think that is effectively what I have with Humana but am overpaying for it. Thanks [/quote] Have you t...
by Bfwolf
Sun Mar 04, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 107
Views: 13206

Re: Should I decline Grand Prize trip because of taxes on winnings?

Thank you for posting an update and so glad you enjoyed the trip!!
by Bfwolf
Sun Feb 04, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6037

Re: Potential employer wants me to give offer - how to respond?

While your approach is better than making the first offer, I feel like you've given them "permission" to lowball you by saying salary won't get in the way. It puts you in a bit of an awkward position to then negotiate when they make you an offer...i.e. salary WILL be getting in the way. Especially g...
by Bfwolf
Wed Jan 31, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: Are dividends really the same as capital gains?
Replies: 18
Views: 2616

Re: Are dividends really the same as capital gains?

so in some sense i get that if it's just a matter of owning a little bit more of a company that is worth a little bit less (dividends) or owning a little less of a company that is worth a little bit more (capital gains), but only if there's a direct correlation between a company's money in the bank...
by Bfwolf
Wed Jan 31, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3498
Views: 986568

Re: What Movie Have You Recently Watched?

The Post - This is a movie people seem to love and I merely liked. Streep is great. The actual story isn't nearly as compelling as the Watergate story covered in All the President's Men. The movie has strong feminist undertones--in some parts they are well done, at other times I thought they were he...
by Bfwolf
Mon Jan 29, 2018 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why would I buy Bonds now?
Replies: 33
Views: 8477

Re: Why would I buy Bonds now?

I think the most difficult thing for newbie bond investors to get their heads around is the idea that the overnight rate in bonds going up does NOT mean prices on longer term bonds will go down. Unexpected increases in the overnight rate are likely to make longer term bonds go down. But on the flip ...