Search found 1066 matches

by awval999
Fri Mar 22, 2019 5:07 am
Forum: Personal Consumer Issues
Topic: When your responsibility to your children ends?
Replies: 76
Views: 6925

Re: When your responsibility to your children ends?

You're never going to stop worrying about your child.
Ours just turned 6 months.
My mother still worries about me, I'm 33.
It has nothing to do about money.
by awval999
Fri Mar 01, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8195

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

"Boss, I really enjoy working here, the team, the work, and the leadership is great. I have recently received a job offer, which is a significant increase in compensation, which I cannot refuse. At the end of the day, I need to support my family, so today I offer my resignation. Thank you so much fo...
by awval999
Wed Feb 27, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 8196

Re: Financial solicitation by my doctor

I think you're taking this too personally.

The physician is highly likely employed by the University and had no choice in the matter.

University wants research funds and this is how they elected to try to solicit them.
by awval999
Thu Feb 21, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7371

Re: Job Offer - 24 Hours to Decide?

It is immature of them to give you a hard 24 hour deadline. I agree with your suggested approach. Tell them you will have made a decision within 72 business hours so they know what you are thinking. If they won’t grant that then they’re probably not folks you want to work for. Why is that unreasona...
by awval999
Sun Feb 17, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5624

Re: Moved to new state/job 6M ago. Previous employer wants me back!

There's nothing to consider. You answered the question in your OP. I really doubt they are going to pay you that much to work remotely. Family situation - Two kids in high school. Asked them what they thought, they don't want to move again. First time was bad enough! - Wife doesn't want to move, lik...
by awval999
Sat Feb 16, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate effective income tax rate
Replies: 9
Views: 585

Re: How to calculate effective income tax rate

I would calculate it as:
Total Tax / Gross Income
by awval999
Sun Feb 03, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4601

Re: On average, do people who use EJ, etc. come out ahead?

Your math is correct until you reduce the SWR. So yes, a lifelong 2% drag on returns will net a near 50% reduction of life long returns --- that sucks -- but you cannot then reduce the SWR, by 50%. The math doesn't work like that. How would you account for the AUM fee and the high expenses in the f...
by awval999
Sun Feb 03, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4601

Re: On average, do people who use EJ, etc. come out ahead?

Just think of the life savings saved by EJ advisers/salespeople just telling customers "DO NOT SELL" in 2008-09. That advice was worth a lifetime of fees charged, even if the advice was selfishly motivated to keep customers in high ER mutual funds. Not even close. Some back of the envelope math; As...
by awval999
Sat Feb 02, 2019 7:16 pm
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4601

Re: On average, do people who use EJ, etc. come out ahead?

Just think of the life savings saved by EJ advisers/salespeople just telling customers "DO NOT SELL" in 2008-09. That advice was worth a lifetime of fees charged, even if the advice was selfishly motivated to keep customers in high ER mutual funds.
by awval999
Sat Feb 02, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: On average, do people who use EJ, etc. come out ahead?
Replies: 52
Views: 4601

Re: On average, do people who use EJ, etc. come out ahead?

Well a couple things. For one, at Bogleheads the community will tell you to "invest more, invest more". I'm sure there are tens of thousands of people who have a successful retirement income stream because of Edward Jones. That's not to say they wouldn't have had more with index funds. And I do thin...
by awval999
Fri Feb 01, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage "Benefits"
Replies: 108
Views: 9143

Re: Marriage "Benefits"

My wife’s niece is having one of those ridiculous “Destination Weddings” costing us $5000. I offered to give them a $2000 cash gift so we don’t have to go. My wife is horrified in telling here sister that we won’t attend the nieces wedding... There is an undercurrent of family opposition to this “S...
by awval999
Sun Dec 30, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: Must sees in Kauai.
Replies: 39
Views: 2500

Re: Must sees in Kauai.

Waimea Canyon. Make sure it's a clear day!

Boat ride around the Napali Coast!
by awval999
Sat Dec 29, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to understand my wife's dental school loans
Replies: 26
Views: 2467

Re: Trying to understand my wife's dental school loans

Planning to start a family with 1.5 years left in a residency program that has put you $600k in the hole? Which will take her out of the workforce right at the beginning of her ability to massively increase her income? And might result in her deciding she wants to stay home with baby longer? :confu...
by awval999
Wed Dec 12, 2018 6:22 pm
Forum: Personal Consumer Issues
Topic: How to tell if online watches are legit?
Replies: 15
Views: 1059

Re: How to tell if online watches are legit?

Would not trust unless it was sold by Amazon, not a Marketplace seller (like this one is).

If a deal is too good to be true, it probably is.

https://luminox-usa.com/products/atacam ... -date-1929

The watch is $640 on the Luminox website....
by awval999
Sat Dec 08, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Single, self employed, 45k in debt, 375k in equity. what’s my move?
Replies: 16
Views: 1559

Re: Single, self employed, 45k in debt, 375k in equity. what’s my move?

I actually think this is an easy question. Sell the house. Take the equity. Pay off debt. Give yourself a $25k emergency fund. Remainder goes in a taxable fund for retirement. Never touch it. Rent an apartment. Live paycheck to paycheck, but no debt. Continue your path and live your dream, you have ...
by awval999
Sat Dec 08, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Barclaycard Arrival Plus™ World Elite Mastercard®
Replies: 40
Views: 3168

Re: Barclaycard Arrival Plus™ World Elite Mastercard®

You have to redeem them against a purchase that codes as travel. The miles are redeemed as an account credit.
by awval999
Tue Dec 04, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3322

Re: What to negotiate in offers

I think what others are saying... is yes, ask HR about the 401k match, who the servicer is and what funds are available, ask about the cost of health insurance, value of the health insurance, etc., but understand that there is no room for negotiating on those issues. As others have eluded to, those ...
by awval999
Sat Nov 24, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: Denied credit card opening
Replies: 25
Views: 2110

Re: Denied credit card opening

There is no way to get around Chase’s 5/24.
by awval999
Tue Nov 13, 2018 6:50 pm
Forum: Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5456

Re: Oops! Edward Jones tops Vanguard in customer survey

I don't know why this is surprising.

From the topics and posts here Vanguard has bare-bones customer service. If you desire higher level customer service one should be with Fidelity, Edward Jones, etc.
by awval999
Sat Nov 10, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 8462

Re: Finances in NYC

If you look at Bankrates cost of living calculator you see that $58k in Columbus is equivalent to $145k in Manhattan and $111k in Brooklyn, with the difference being rent/mortgage.

From a financial perspective the new wage is comprobale to your current wage adjusted for COL in NYC.
by awval999
Sun Sep 23, 2018 5:59 pm
Forum: Personal Investments
Topic: How much is too much in one stock?
Replies: 13
Views: 1623

Re: How much is too much in one stock?

http://portfolios.morningstar.com/fund/ ... ings?t=SPX

SP500 Index:
1. Apple 4.33%
2. Microsoft 3.5%
3. Amazon 3.14%

I would probably try to trim down any stocks >4%.

If they are reasonable blue chip type stocks though I don't know if I would worry about 1% of portfolio stocks.
by awval999
Sat Sep 15, 2018 5:09 pm
Forum: Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5800

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

They don’t want to. Entirely depends on the employer. I once saw a 401k plan where they put in 15k a year no matter what you did, but the options were all horrible high fee ones Um. I'd take a $15k/year free match no matter what high ER fund they wanted to put me. Gimme that 1.8% ER. Yes please, ca...
by awval999
Fri Sep 14, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: O% APR for new iPhone Xs / is there a catch?
Replies: 8
Views: 822

Re: O% APR for new iPhone Xs / is there a catch?

The 0% APR isn't for you.

The 0% APR is for everyone else that can't afford the $1000+ one-time charge.

So make it 0% APR over 24 months, and oh yeah, $41.xx/month sounds so much better.
by awval999
Wed Jul 25, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2484

Re: How much car can I buy?

$40,000.
by awval999
Sat Jul 21, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 4073

Re: Buying home, how to head off a bidding war.

Bid over asking price with a 24 hour time limit on offer.
by awval999
Thu Jul 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Can churning negatively affect getting a good mortgage rate?
Replies: 19
Views: 1508

Re: Can churning negatively affect getting a good mortgage rate?

beagler1 wrote:
Thu Jul 19, 2018 11:13 am
Anyone have credit score affect homeowner's insurance rates?
Yes.

Couple hundred dollars a year increase. Nothing compared to the benefits.
by awval999
Sun Jun 10, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1926

Re: House sale by owner - Problems & Pitfalls?

When we sell our house, we want to do the sale ourselves in conjunction with our lawyer rather than use a real estate agent (savings approx. $12K). I would appreciate comments by folks who did execute a 'sale by owner' and the problems / pitfalls they encountered. Thank you. Biggest pitfall is pric...
by awval999
Mon May 28, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Using Air Miles and Paying Fees and Taxes
Replies: 29
Views: 2110

Re: Using Air Miles and Paying Fees and Taxes

Because you are flying on British Airways and not American on the trans-Atlantic segment.
by awval999
Sat May 05, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Can We Move To Oahu ?
Replies: 17
Views: 3289

Re: Can We Move To Oahu ?

Yes of course you have enough.

$100k/year in pension.

$1M house+furniture in cash.

$2.2M remaining. At 4% that’s another $80k/year.

So yes, you can live in Oahu with no debt and $180k/year in spending.
by awval999
Sat May 05, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: What do you pay baby sitters?
Replies: 53
Views: 5935

Re: What do you pay baby sitters?

Tell the babysitter/nanny they’ll be getting a w2 and they will walk away.
by awval999
Tue Apr 10, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Plan
Replies: 52
Views: 3500

Re: Student Loan Repayment Plan

He should stay on REPAYE until you two are married. If/when you two are married, then I would just live on just your income and have every dollar of his income go to the student loan. Refinance (you would have to co-sign, and I would recommend a post-nupital agreement) privately for ~4%% interest ra...
by awval999
Sat Mar 31, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan vs. Current Credit Card vs. New Credit Card
Replies: 9
Views: 1417

Re: Personal Loan vs. Current Credit Card vs. New Credit Card

15% APR is only like 1.25% interest per month.

So if you charge $5000 in a month, and don't pay it off for 3 months you're only going to pay $63/month in interest until you pay it off.

That's chump change and I wouldn't worry about it past that. Enjoy your summer.
by awval999
Sat Mar 24, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Miami in early April
Replies: 4
Views: 664

Re: Miami in early April

Early April is hit or miss. We've been to Miami twice this time period last two years due to this is our anniversary week.

We went in 2016 and it was great. Ocean warm. Sunshine.
We went in 2017 and it was good. Several mostly cloudy days. Ocean wasn't easy to get into.
by awval999
Fri Mar 23, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1422

Re: Why can you "spend more" if you buy SPIA?

These are just made up numbers... but it's like this. $1,000,000 = $40,000/year via 4% rule, 50% of the time you end up with $2,000,000 at death 30% of the time you end up with $1,000,000 at death 10% of the time you end up with $500,000 at death 10% of the time you tread near zero near the end, hav...
by awval999
Fri Mar 23, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why can you "spend more" if you buy SPIA?
Replies: 12
Views: 1422

Re: Why can you "spend more" if you buy SPIA?

Because the SPIA exhausts your retirement account. There is nothing left when you die. When you use the 4% rule, in the majority of cases, you "die" with more than you started with, sometimes with less, and a few you end with very little left. In an SPIA the insurance company pays you more than the ...
by awval999
Wed Mar 07, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I "get divorced" for tax purposes (PSLF)
Replies: 57
Views: 4561

Re: Should I "get divorced" for tax purposes (PSLF)

For better, for worse, for richer, for poorer , in sickness and in health. How do you think this sounds to your wife, the teacher? Even if she says she supports this decision... she has been with you through pharmacy school and two years of difficult residency, long hours, when you've made almost no...
by awval999
Sat Mar 03, 2018 7:45 pm
Forum: Personal Investments
Topic: Best way to short the equity market
Replies: 130
Views: 9366

Re: Best way to short the equity market

Shorting SPY won't bankrupt you. It's SPY. You can always get out.

What ruins lives is naked shorting (on margin no less) biotechs or something similar that can quickly gap up 2, 3 or 5 fold at any time.
by awval999
Sat Mar 03, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: AmEx Delta Gold is now Honoring Bonus
Replies: 87
Views: 11890

Re: AmEx Delta Gold Not Honoring Bonus

The customer support person doesn't know for sure, but says I applied for the card a couple of years ago, which I did . I had the card a couple of months. I didn't get a miles bonus then. Moreover, there's nothing in the language of the application or terms/conditions that states you can't apply ag...
by awval999
Mon Feb 12, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Lower Payroll Withholding - What are you doing with it?
Replies: 32
Views: 3058

Re: Lower Payroll Withholding - What are you doing with it?

Increasing amount into student loans.

Goal: Finish by December!
by awval999
Wed Feb 07, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 3561

Re: How to short TSLA?

JC565 wrote:
Wed Feb 07, 2018 9:43 pm
acanthurus wrote:
Wed Feb 07, 2018 8:51 pm
I'd probably buy deep in the money puts. No margin account required but you will need a lower level options account.
Doesnt that assume the stock will increase? The 2 examples i Found online both profited on rising stock.
That's a "call" option.

Call option is LONG
Put option is SHORT
by awval999
Mon Feb 05, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10774
Views: 1885957

Re: U.S. stocks in freefall

I mean it's just LOL hilarious. We are back at January 1st 2018 levels of valuation.

Stocks go up. Stocks go down. We have more to fall I'm sure. But 10 years, 20 years from now, this is just a blip.
by awval999
Mon Feb 05, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10774
Views: 1885957

Re: U.S. stocks in freefall

selters wrote:
Mon Feb 05, 2018 3:25 pm
Today will be the worst day ever for the Dow Jones index: https://en.wikipedia.org/wiki/List_of_l ... al_Average

But is it a really bad day?
But it isn't the worst day ever.
by awval999
Sat Dec 30, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 7456

Re: What is your threshold for paying down debt?

Yes, debt can be good. In college I took out student loans to earn my professional degree so I can make >$100k. When I graduated I bought a car and took out a car loan so I could get to work in a reliable car to make that $100k. But here's what I noticed in my adulthood.... People use the excuse of ...
by awval999
Wed Dec 27, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue paying off debt like I did in 2017?
Replies: 7
Views: 1876

Re: Should I continue paying off debt like I did in 2017?

It appears if you'd be debt free by the end of the year if you paid off an equal amount of debt as you did last year. I'd just race toward the finish line. You can look back and say, yes, I should of put my money in equities, but you just don't know. Stock market goes up, stock market goes down. But...
by awval999
Thu Dec 07, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 10833

Re: Mortgage as percentage of take-home pay

KlangFool---

Is rapid mortgage payoff (10 years instead of 30 years) considered savings?
by awval999
Wed Dec 06, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage as percentage of take-home pay
Replies: 79
Views: 10833

Re: Mortgage as percentage of take-home pay

Question for the board... Does the answer change if the mortgage is: 30 years? 15 years? 10 years? Is the shorter term more of a "forced savings"? Example. Boglehead Joe has a 30 year mortgage at 25% of take-home pay. Boglehead Jane has a 10 year mortgage at 34% of take-home pay. Who's the better bo...
by awval999
Sat Dec 02, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 6465

Re: How do I convince my employees to invest more?

Feel free to increase the match. Or have an investment rep (whatever provider you use) come in for an optional educational session.

But at the end of the day. It’s their money. They earned it. You cannot control what they do with it.

You can’t do much more than that.
by awval999
Sat Nov 11, 2017 4:11 pm
Forum: Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 2217

Re: Rapidly pay down student loans prior to house?

117,000$ in student loans at 7.2% is just so outrageous I just would pay them off immediately. Have you considered that? You already have a $30k emergency fund and are living with parents. So I really don’t know what an emergency would be anyway. I would then start saving for the next 2-3 years for ...
by awval999
Thu Nov 02, 2017 6:47 am
Forum: Personal Investments
Topic: what % return do you use?
Replies: 62
Views: 5844

Re: what % return do you use?

I have it ran with 2 projections:
1. 4% real
AND
2. 5% real