Search found 7962 matches

by TomatoTomahto
Fri Feb 22, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Montessori Preschool: Good or Bad
Replies: 12
Views: 577

Re: Montessori Preschool: Good or Bad

A good Montessori school can make a huge difference for a kid. We recently got together with some parents who all met years ago, when our kids attended. Kids are now either in college or recently graduated. It might be survivor bias, but man oh man did they have some seriously accomplished kids. Our...
by TomatoTomahto
Fri Feb 22, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 33
Views: 2573

Re: How did mylife.com get my info?

'What really pisses me off about this, is that I have paid for an unlisted telephone number for years, only to find out my number has been sold and posted to such sites. Such a waste of money. I have a friend who spent an afternoon finding several sites with our information on it. Now I know just w...
by TomatoTomahto
Fri Feb 22, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 33
Views: 2573

Re: How did mylife.com get my info?

They didn’t have my most recent address, but did include an address I never lived at but which was used in a fraudulent purchase on my credit card. Apparently I have a “lien, lawsuit, or bankruptcy” on my record which is news to me, but I didn’t pursue the search further, assuming at some point I h...
by TomatoTomahto
Fri Feb 22, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: How did mylife.com get my info?
Replies: 33
Views: 2573

Re: How did mylife.com get my info?

They didn’t have my most recent address, but did include an address I never lived at but which was used in a fraudulent purchase on my credit card. Apparently I have a “lien, lawsuit, or bankruptcy” on my record which is news to me, but I didn’t pursue the search further, assuming at some point I ha...
by TomatoTomahto
Fri Feb 22, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 75
Views: 4351

Re: Job Offer - 24 Hours to Decide?

24 hours would be a dealbreaker for me. I just can’t properly evaluate my options in 24 hours. Plus it makes me think they have something to hide. I’d pass. If companies insist on not giving me enough time to evaluate my options, they are just begging for me to play their game and accept only to re...
by TomatoTomahto
Fri Feb 22, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Continue with home project or not?
Replies: 37
Views: 3105

Re: Continue with home project or not?

We moved to our previous town for the schools. They are still rated among the best in the country. They are exceptionally good for some kids, but they didn’t work well for our kids. We enrolled our kids in a private school, at considerable expense, and drove the 20 minute round trip.
by TomatoTomahto
Fri Feb 22, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Continue with home project or not?
Replies: 37
Views: 3105

Re: Continue with home project or not?

I agree with thx1138. We aren’t building, but rather only doing a major renovation of our house. I don’t work outside the house, kids are in college or beyond, we have a good design and build company managing 80% of it, but I’m still very busy. That’s what would give me pause about your plan. We spe...
by TomatoTomahto
Thu Feb 21, 2019 7:17 pm
Forum: Personal Investments
Topic: Roth IRA and Income Limits - what if you don't know?
Replies: 13
Views: 580

Re: Roth IRA and Income Limits - what if you don't know?

This is why I suggested to my kid to wait until she knows for sure, usually after filing for her tax. It’s a lot of headache otherwise. It’s not worth your effort. Its not a lot of headache if you just do a backdoor contribution from the start. The difference is making sure turbotax has your 1099-R...
by TomatoTomahto
Thu Feb 21, 2019 5:42 pm
Forum: Personal Investments
Topic: Roth IRA and Income Limits - what if you don't know?
Replies: 13
Views: 580

Re: Roth IRA and Income Limits - what if you don't know?

This is why I suggested to my kid to wait until she knows for sure, usually after filing for her tax. It’s a lot of headache otherwise. It’s not worth your effort. I suggested that my kid do a backdoor Roth last year, just for the experience. Next year it will have to be backdoor. I’m not sure one ...
by TomatoTomahto
Thu Feb 21, 2019 5:26 pm
Forum: Personal Investments
Topic: Roth IRA and Income Limits - what if you don't know?
Replies: 13
Views: 580

Re: Roth IRA and Income Limits - what if you don't know?

DrGoogle2017 wrote:
Thu Feb 21, 2019 5:01 pm
This is why I suggested to my kid to wait until she knows for sure, usually after filing for her tax. It’s a lot of headache otherwise. It’s not worth your effort.
I suggested that my kid do a backdoor Roth last year, just for the experience. Next year it will have to be backdoor.
by TomatoTomahto
Thu Feb 21, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Big IRA accounts
Replies: 54
Views: 5900

Re: Big IRA accounts

Elaine, I know you’re relatively new here, but you surely know that political statements are not allowed.
by TomatoTomahto
Thu Feb 21, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: possible to have TOO MUCH in 401k account?
Replies: 104
Views: 17883

Re: possible to have TOO MUCH in 401k account?

Our son is in daycare from 8am-6pm. I would of course love to shuttle him and kid #2 back and forth. Retiring would not change our preference that our kids go to daycare. If one of you is home full time, why on earth do you need daycare? 1. My wife works from a home office. There is no way she’d be...
by TomatoTomahto
Thu Feb 21, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do tax accountants add any value?
Replies: 47
Views: 2740

Re: Do tax accountants add any value?

I might be a bad BH because I pay for TurboTax and a CPA. I simply cannot read IRS documents. My eyes roll back into my head.
by TomatoTomahto
Thu Feb 21, 2019 3:07 pm
Forum: Personal Investments
Topic: conversion to Roth IRA from TIRA in fund-only account
Replies: 7
Views: 386

Re: conversion to Roth IRA from TIRA in fund-only account

5) simplify - all RMD will come from a single account - for this reason really didn't want to have to move the Roth away from Vanguard,
A bit confused by this.
by TomatoTomahto
Thu Feb 21, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 82
Views: 5395

Re: Do others dislike Vanguard's new website as much as me?

finite_difference wrote:
Thu Feb 21, 2019 9:22 am
TomatoTomahto wrote:
Wed Feb 20, 2019 5:49 am
02nz wrote:
Wed Feb 20, 2019 12:52 am
OK, I'm going to be the grammar Nazi: It should read: Do others dislike Vanguard's new website as much as I?

Unless you're asking whether we dislike the website as much as we dislike you. :happy
Get off me my lawn.
FTFY :happy
Or maybe “Get off I’s lawn.”
by TomatoTomahto
Thu Feb 21, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

America, by and large, lets immigrant kids worry about academics. Care to back up that statement? This is evident on virtually every level, from the student body of top high schools that select strictly on merit, to the composition of America's IMO and IOI teams, and everything in between. *By "imm...
by TomatoTomahto
Thu Feb 21, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

NMFs are a dime a dozen. Our junior has even higher stats (freshman year SAT 1580 and AIME; USACO Platinum sophomore year; looks like possible USAPhO junior year) - yet if he's accepted into the proverbial HYPMS, we'll consider it what it is - a lottery win. We have nowhere near the assets of retir...
by TomatoTomahto
Thu Feb 21, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Construction Loan or Cash for New House?
Replies: 6
Views: 521

Re: Construction Loan or Cash for New House?

We recently purchased a home before selling our old home. We weren't building, but the hoops that the mortgage company wanted us to jump through so infuriated us that we bit the bullet and sold enough funds to cover a cash purchase. When we sold our old house, we replenished our funds. Btw, we sold ...
by TomatoTomahto
Thu Feb 21, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

Can you share your reference that athletes make more money (outside of prof sports, of course)? I don't have a reference for this, but I have seen this cited often, and in any case, I have seen it first hand. Mind you, I don't agree with this, but I have seen, in the Financial Services industry at ...
by TomatoTomahto
Thu Feb 21, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: possible to have TOO MUCH in 401k account?
Replies: 104
Views: 17883

Re: possible to have TOO MUCH in 401k account?

It may sound sexist but if I were to retire i wouldn’t feel right asking my wife to pay the bills with her salary while I pursued my hobbies. So I’d need to come up with my fair share somehow. I have enough in taxable to do so. Well, it does sound sexist. You have an 18 month old and are considerin...
by TomatoTomahto
Thu Feb 21, 2019 7:07 am
Forum: Personal Investments
Topic: conversion to Roth IRA from TIRA in fund-only account
Replies: 7
Views: 386

Re: conversion to Roth IRA from TIRA in fund-only account

We are in the same situation. We called Vanguard and they were able to create a MF-only account to hold our rIRA. They also put a note in our account that reduced their reminders that we had an “upgrade” opportunity. You can’t do this online; you will have to call. If the first person says that it c...
by TomatoTomahto
Wed Feb 20, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

... common acronym on College Confidential... I'm gonna ask this slight derail of a question because it's relevant to people getting answers on college questions. Where on College Confidential are you finding useful information? Is it under a particular tab or what? I have found many/most of the bl...
by TomatoTomahto
Wed Feb 20, 2019 11:42 am
Forum: Personal Investments
Topic: Are traditional 401k's of any value from a tax perspective?
Replies: 43
Views: 2490

Re: Are traditional 401k's of any value from a tax perspective?

It's possible to pay ZERO taxes on your entire 401k account, ever, and before retirement age. That's right, you can fund, grow, and withdraw hundreds of thousands of dollars without paying a single penny of tax. In your 30s and 40s. It's possible, but most people won't have too much in their 401k b...
by TomatoTomahto
Wed Feb 20, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

She didn't like that answer at first because her BF was attending a $45K/year school in another state, but after a while she came to realize it was the right thing to do. None of my business, but curious about whether she is still with that BF. I think sometimes kids don’t want to admit it, but the...
by TomatoTomahto
Wed Feb 20, 2019 7:54 am
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 82
Views: 5395

Re: Do others dislike Vanguard's new website as much as me?

It's better than my health insurer's web site. It's good enough. How much do I really need to do there?
by TomatoTomahto
Wed Feb 20, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Continue with home project or not?
Replies: 37
Views: 3105

Re: Continue with home project or not?

OP, what specifically are they objecting to? In our case, we have apologized to our neighbors for the noise and trucks that our home renovation has, and will again, cause. I'm sure they don't like it, but they do appreciate that we are doing this in order to "age in place" and enjoy the neighborhood...
by TomatoTomahto
Wed Feb 20, 2019 5:49 am
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 82
Views: 5395

Re: Do others dislike Vanguard's new website as much as me?

02nz wrote:
Wed Feb 20, 2019 12:52 am
OK, I'm going to be the grammar Nazi: It should read: Do others dislike Vanguard's new website as much as I?

Unless you're asking whether we dislike the website as much as we dislike you. :happy
Get off my lawn.
by TomatoTomahto
Tue Feb 19, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

The one acceptable contractual ground for declining an ED offer is dissatisfaction with the financial aid award, so I think of it as something like a free option. Are you sure , this is correct ? Then there will be a lot of ED declinations. The schools know that you are sucked in and do not give an...
by TomatoTomahto
Tue Feb 19, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Do Non Boglehead Type People Know Their Net Worth?
Replies: 17
Views: 1001

Re: Do Non Boglehead Type People Know Their Net Worth?

aIIan wrote:
Tue Feb 19, 2019 4:39 pm
I would guess that most people wouldn't even know how to calculate their net worth.
Heck, we BHs have disagreements about what is or isn’t included in net worth.
by TomatoTomahto
Tue Feb 19, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Thoughts on Getting a Tesla Model 3 Performance?
Replies: 10
Views: 861

Re: Thoughts on Getting a Tesla Model 3 Performance?

Our charging so far has been 99% at home, supported by our solar system. So much of these choices come down to use cases. We charge our Tesla 99% at home, also supported by our solar system :D OP, I concur with poster above: Ixnay on the Performance. For reasons having to do with impatience, I have...
by TomatoTomahto
Tue Feb 19, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 64
Views: 3554

Re: Best PAID music streaming service?

I wouldn't pay for "CD qualify" or "higher quality" (i.e. lossless) unless you can actually pass an ABX test of lossless vs lossy audio. I highly doubt that anyone in this thread can differentiate lossy and lossless without extreme concentration on the music; it's basic biology. Listening to music ...
by TomatoTomahto
Tue Feb 19, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Solar Rebate Expiration
Replies: 9
Views: 633

Re: Solar Rebate Expiration

Southeast facing roof is supposedly pretty good in the winter months. What state are you in? They have no SREC or SMART incentives? We are installing Sonnen batteries, which differ somewhat from Powerwall (in that it can be used as backup in the event of grid outage). Incentives for the batteries ar...
by TomatoTomahto
Tue Feb 19, 2019 7:16 am
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

Son is currently a sophomore and has potential to do well in college admissions given he already has a 1550 SAT, 5's on difficult STEM AP's, USACO Gold, AIME qualifier, good EC's etc. We are under no illusions though that he will be accepted to any of HYPMS given his gender and race and the fact he...
by TomatoTomahto
Tue Feb 19, 2019 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Solar Rebate Expiration
Replies: 9
Views: 633

Re: Solar Rebate Expiration

jminv wrote:Do you have any local incentives?
You should find out about incentives other than Federal. In MA, they are extensive, both for our solar and our battery.
by TomatoTomahto
Tue Feb 19, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 64
Views: 3554

Re: Best PAID music streaming service?

I stream through a Bluesound Vault. The first time you put a CD in, it will rip it in FLAC or MP3, or both and store it for you. Since I have a good stereo, I want at least CD quality, so I use TIDAL. The software isn’t great, but the sound makes up for it. They have a large number of Master Quality...
by TomatoTomahto
Mon Feb 18, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

an_asker wrote:
Mon Feb 18, 2019 3:43 pm
Thanks. I did get Harvard, Yale and Princeton after racking my head and taking the context into consideration. But the other two I failed to get :sharebeer
When I first read FIRE, I thought Fixed Income Real Estate??????? :oops:
by TomatoTomahto
Mon Feb 18, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

Had to write a check for our "full pay" student to attend and to subsidize the other students. My observations: Most non full pay students didn't have part time jobs in the summer. Found the that most of the "full-pay" worked in the summer. Also observed that more of the full pay student worked har...
by TomatoTomahto
Mon Feb 18, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

MikeWillRetire wrote:
Mon Feb 18, 2019 2:23 pm
Our household income is around 200k, and we had 2 children in college last year. We did not receive any need-based financial aid from the local state universities.
Local state Unis typically don’t give need-based aid; if they do give aid, it’s usually in the form of a merit-based scholarship.
by TomatoTomahto
Mon Feb 18, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

If your kids are admitted to one of the generous private colleges (HYPMS, for exsmple), you might still get some aid up to around $250k, especially if you have more than one in college at the same time. However, that’s a big IF; acceptance rates are single digit percent even for qualified applicant...
by TomatoTomahto
Mon Feb 18, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

Rather than the EFC calculators you need to use the Net Price Calculators for the schools your kids will apply to. Some schools give great aid, some give very little. So all you have to know is what schools your kids will apply to, and whether they will be accepted, and what that school's rules wil...
by TomatoTomahto
Mon Feb 18, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 6632

Re: High earners: thoughts on college and aid

If your kids are admitted to one of the generous private colleges (HYPMS, for exsmple), you might still get some aid up to around $250k, especially if you have more than one in college at the same time. However, that’s a big IF; acceptance rates are single digit percent even for qualified applicants...
by TomatoTomahto
Mon Feb 18, 2019 12:57 pm
Forum: Personal Investments
Topic: What is your RMD (required minimum distribution) strategy?
Replies: 43
Views: 2560

Re: What is your RMD (required minimum distribution) strategy?

I guess I don’t understand what the big deal is with RMD’s? You take it out, use it if you need it, and put the excess in a taxable brokerage account and let it continue growing. Why are there always so many posts of people worrying what to do with RMDs? Just trying to understand what the concerns ...
by TomatoTomahto
Mon Feb 18, 2019 9:33 am
Forum: Personal Investments
Topic: What is your RMD (required minimum distribution) strategy?
Replies: 43
Views: 2560

Re: What is your RMD (required minimum distribution) strategy?

It’s not a solution, but our bandaid has been to move contributions to Roth 401k rather than traditional.
by TomatoTomahto
Mon Feb 18, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 217
Views: 13084

Re: [2018 tax return - How does it compare to previous years?]

In 2018, we moved from NJ to MA, for my wife to take a new job. If we were “planning” this well, we should have moved in 2017. Moving costs were no longer deductible. New employer grossed it up, but there is still a price to pay. We ended up owning two homes for the majority of the year, with proper...
by TomatoTomahto
Sun Feb 17, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 71
Views: 5240

Re: First thing(s) you'd do when you achieve financial independence?

We did #3. We also stay at upscale hotels, but I just can’t seem to purchase business or first class flights.
by TomatoTomahto
Sun Feb 17, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Reqesting help in decoding the financial terminology used in the bond description
Replies: 8
Views: 513

Re: Reqesting help in decoding the financial terminology used in the bond description

A 13% bond is avoided by pros who understand all the terms. If you don’t understand them, be twice wary.

I hope nobody talked you into this. Run.
by TomatoTomahto
Sun Feb 17, 2019 7:37 am
Forum: Personal Investments
Topic: Help me with the Trad vs Roth 401k Math
Replies: 79
Views: 2161

Re: Help me with the Trad vs Roth 401k Math

For a disciplined and educated Boglehead type investor keeping the traditional tax savings invested for several decades in a taxable account until retirement may be a reasonable assumption. But it might not be a good assumption for most "normal" investors. That tax savings may be spent on consumpti...
by TomatoTomahto
Sun Feb 17, 2019 6:48 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 59076

Re: That Extravagant Thing You Do

I have been going around in circles about putting DW’s 401k into traditional or Roth. This year, I picked Roth. This morning, I decided that, at worst, it’s a small tax error and at best, it’s an escape from more RMDs, and I feel fine. LadyGeek, we have some geodes that are lovely examples of nature...
by TomatoTomahto
Sat Feb 16, 2019 2:23 pm
Forum: Personal Investments
Topic: Trad vs Roth math help
Replies: 22
Views: 750

Re: Trad vs Roth math help

About the only realistic situation I can think of where a Roth 401k would be a good option is if someone already has enough tax-deferred assets (and other income sources, including Social Security benefits) to likely bring them up to their current tax bracket once they retire. Or, if one expects th...
by TomatoTomahto
Sat Feb 16, 2019 2:06 pm
Forum: Personal Investments
Topic: Trad vs Roth math help
Replies: 22
Views: 750

Re: Trad vs Roth math help

About the only realistic situation I can think of where a Roth 401k would be a good option is if someone already has enough tax-deferred assets (and other income sources, including Social Security benefits) to likely bring them up to their current tax bracket once they retire. Or, if one expects th...