Search found 7551 matches

by TomatoTomahto
Sat Nov 17, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Update Re: Hubby soon to be laid off
Replies: 21
Views: 2744

Re: Update Re: Hubby soon to be laid off

It was thoughtful of you to update us. Often, people don’t do so as the situation unfolds.

Congrats.
by TomatoTomahto
Fri Nov 16, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Tax lose harvesting bond funds?
Replies: 5
Views: 408

Re: Tax lose harvesting bond funds?

kevinpet wrote:
Fri Nov 16, 2018 8:55 pm
Watch out for the need to reduce your losses by tax exempt dividends if held less than six months.
Thank you for posting this. I didn’t know this, and will Google it tomorrow. I love this forum.
by TomatoTomahto
Fri Nov 16, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7598

Re: Finances in NYC

Well that's quite the list...in 10 years there I don't think I ever visited a 5th floor walk-up, but I guess they do exist. Not only have I visited a 5th floor walk up, I helped my son move into one. We walked up the 5 flights carrying a load, and the key wouldn’t work, so he went back downstairs t...
by TomatoTomahto
Thu Nov 15, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Quantitative Equity Group Losing Talent
Replies: 61
Views: 3748

Re: Vanguard's Quantitative Equity Group Losing Talent

Elysium wrote:
Thu Nov 15, 2018 10:38 am
Quants have not delivered value anywhere, so what's the point :?:
Boy, "anywhere" covers a lot of territory. Jus' sayin'
by TomatoTomahto
Thu Nov 15, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: As a new grad, should I consider buying or renting?
Replies: 48
Views: 1854

Re: As a new grad, should I consider buying or renting?

$1200 seems high for a LCOL City. DS pays $2000 (plus cable and electric) in NYC! Granted, it’s a tiny apartment, shared, 5th floor walk up, but it’s in the West Village fercryinoutloud.
by TomatoTomahto
Thu Nov 15, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Mesh versus Range extender
Replies: 27
Views: 1835

Re: Mesh versus Range extender

Look into the unloved red-headed stepchild of WiFi: MoCA if you have, as you probably do, coax in the house. For Fios, MoCA is organic, just need receivers connected to WAP of your choice. For others, you might have to put a device on the modem end also. I did it in my house where the reception was ...
by TomatoTomahto
Thu Nov 15, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: As a new grad, should I consider buying or renting?
Replies: 48
Views: 1854

Re: As a new grad, should I consider buying or renting?

Would it be wise to consider buying a house now rather than renting? unlikely. keep your rent under ~1200 and youll be golden. Thank you for your response. I am trying to aim for $800 rent and keep rent and utility expenses under $1000 a month. I'm just so nervous about signing a lease because many...
by TomatoTomahto
Wed Nov 14, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330
Replies: 18
Views: 899

Re: sony TV XBR49X900F $1K vs a cheaper alternative Samsung $330

it would be better to step up to a 55-inch OLED for around $1500-$2000, but the benefits are unlikely to be noticed by a 70-year-old, TBH.
I love my 65” OLED, but there wasn’t a 85” OLED for the media room, so I went with Sony. I’m nearly 70 years old.

Ageist much?
by TomatoTomahto
Wed Nov 14, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

My wife and I recently found ourselves in a similar position, only the unexpected amount of new money was a little more than double our existing net worth. We too decided to DCA into a three fund portfolio. (Yes, I've read the studies and understand the math, and we're happy with the decision). We ...
by TomatoTomahto
Wed Nov 14, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

If you received this not as cash, but a mix of stocks and bonds, would you sell everything and begin DCA? I'm trying to get at the significance, to you, of the big lump of cash . Why is it important to ease it into the allocation over a year instead of just doing it? In a year, which isn't much tim...
by TomatoTomahto
Wed Nov 14, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

What I would have a difficult time with is depositing 20% of our net worth on a Monday, and it being halved by Tuesday. If you were of the homo economicus species you wouldn't really care about the volatility of your risk portfolio since you're not going spend it. :D Seriously, you know the guy in ...
by TomatoTomahto
Wed Nov 14, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

So, what happens if there's another year similar to this past one, choppy with some growth. Won't you be nervous about that 20% of your portfolio then? Are you going to sell it and start DCA again? I don't say that to be flip. Think to yourself why you are anchoring on the "current form" of the mon...
by TomatoTomahto
Wed Nov 14, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

Have you thought about changing the allocations in your risk portfolio? It would seem there is less need to take risk now. And apparently less desire. :D Chip, barring something really catastrophic (whose probability is higher in my mind today than at any time in my memory, but is still low), our L...
by TomatoTomahto
Wed Nov 14, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

How about 1/2 (or 1/3) now, and then DCA the rest over 12 months - weekly or monthly depending mostly on how often you want to bother. With an approach like this, IF the market now starts going up (in which case we all *thank* you for the DCA part :happy ), you'll at least know you got a good sum i...
by TomatoTomahto
Wed Nov 14, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

PFInterest wrote:
Wed Nov 14, 2018 12:34 pm
Get started. Why not divide by 12 and get on with it?

You already know the right answer.
I am leaning to dividing by 52 and proceeding with JoMoney's RBD strategy.

Since this is in a taxable account, maybe hold off prior to dividend distributions?
by TomatoTomahto
Wed Nov 14, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

Re: DCA – change of tune, loss of nerve, and how to time?

...Any ideas on how to handle the logistics and timing? All the funds will be in Vanguard. We will also need to keep some liquid for taxes. I think I would put it in the settlement fund, or my linked high-yield savings account, and use the automatic scheduled investment tool to setup multiple autom...
by TomatoTomahto
Wed Nov 14, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: DCA – change of tune, loss of nerve, and how to time?
Replies: 23
Views: 1198

DCA – change of tune, loss of nerve, and how to time?

Due to factors that are out of our ability to control the timing of, we will be receiving a good amount of money in the next few months. I have been blithely saying that I will lump sum invest this money, but now that the time is coming closer, my nerve isn’t holding up. The amount of money is appro...
by TomatoTomahto
Wed Nov 14, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Series 3 Finra Exam- any tips?
Replies: 3
Views: 518

Re: Series 3 Finra Exam- any tips?

Nothing new to add, but reinforcing the Kaplan suggestion. Family members have taken 3 different FINRA exams, and found Kaplan helpful. All passed.
by TomatoTomahto
Tue Nov 13, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7598

Re: Finances in NYC

New Jersey is literally 30 min drive from Manhattan , am sure you will find a cheap place to rent there + electric car , your settled , NYC rents are insane i do not recommend renting an apartment there. Rents in NJ, reachable in 30 minutes, won’t be insane, just crazy (EV joke there). Nothing clos...
by TomatoTomahto
Tue Nov 13, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Upstairs Floor is No Longer Used....
Replies: 22
Views: 2706

Re: Upstairs Floor is No Longer Used....

We had a situation in our old house where the thermostat was in a hallway, and didn't do a good job of setting the temperature in our bedroom. So, a different situation, but our solution might work for you. We used a "mobile" thermostat, which is more convenient and less expensive than having a wire...
by TomatoTomahto
Sun Nov 11, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45443

Re: Whats your number to walk away?

23 months ago: This is a great question. My answer is $100mm. I would have to think hard at $70mm, but I'm done at $100mm actual cash in the bank. Im 51 and have 30 or so mm. Its nice but you need $100mm for true wealth. Maybe at 70mm I woulld change my mind. Today: I am 53. my NW is over $30mm (st...
by TomatoTomahto
Sat Nov 10, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

I haven't solidified a position about this. My first inclination was to limit each child's inheritance to some nominal figure, say $2M. Observing my son's classmates at Yale made me ambivalent. There are three main camps of kids who have more money than is typical for their ages: one that is indiffe...
by TomatoTomahto
Fri Nov 09, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11910

Re: Are We In A Real Estate Bubble?

Grt2boutdoors wrote: The burbs, depending which towns don’t have that feverish pitch we saw back in ‘06-07.
We got 20% less for our house recently (in a pricy North Jersey town) than reasonable realtors (ie., not trying to buy a listing) thought we’d get when we were preparing to list it in January

.
by TomatoTomahto
Fri Nov 09, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

.... When my parents passed away, they left their $10M in assets to a local hospital and left me 109 firearms. One hundred and nine firearms. I don't know what to do with them. I wish they had carved a little of that $10M off to get me a storage unit! This along with the post about only leaving 5k ...
by TomatoTomahto
Fri Nov 09, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

I think some of you are reading a lot into what could be a very innocent question. If my daughter asked, I'm quite sure it would be more out of curiosity than greed. I agree. I once asked how my parents were doing, wondering if they were okay, and the reaction was that they didn't have any excess t...
by TomatoTomahto
Thu Nov 08, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1886

Re: How to plan for bonus without knowing amount?

To the people saying to not plan on receiving a bonus, I ask why not? I am not planning on spending the bonus. I want to plan on what to do with the money as it will likely be a very substantial amount- well into the six figures. I am trying to figure out how much to pay against our mortgage, how m...
by TomatoTomahto
Thu Nov 08, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1886

Re: How to plan for bonus without knowing amount?

You are at an inflection point as far as bonuses go. When we were starting out (and I was still working for a paycheck), our bonuses were generous, but they were not larger than our salaries. In that case, it was reasonable to "not plan on them" and treat them as pennies from heaven. IMO, that chang...
by TomatoTomahto
Tue Nov 06, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113452

Re: High Earners - What's Your Profession?

I do math wearing a t-shirt. I used to do math wearing a suit. :sharebeer my dear son has embarked on this career also. I am a kept man. Mind you, I selected wisely for the woman who would eventually keep me. I was a high earner, but then became an even higher “earner” as a kept man: helping to man...
by TomatoTomahto
Sun Nov 04, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance
Replies: 10
Views: 1316

Re: Help Me Get Rid of Chubb/Reduce Cost of Homeowners Insurance

Note: in 25 years we have had one claim - water damage during the horrific winter of 2015. And yes, Chubb came through the house and gave us very generous, no hassle coverage. They basically eyeballed the damaged and came up with numbers on the spot. They were great. We’ve had the same good experie...
by TomatoTomahto
Sat Nov 03, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred Compensation Program?
Replies: 18
Views: 1275

Re: Deferred Compensation Program?

For better or worse, my wife has not elected to participate in the various deferred comp (i.e., salary deferrals) offered to her. We do participate in deferred comp as Restricted Stock Units and Deferred Cash Bonuses, but that's not an elective process. A large part of our decision not to participat...
by TomatoTomahto
Sat Nov 03, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Shouldn’t I Diversify My Income Sources?
Replies: 9
Views: 933

Re: Shouldn’t I Diversify My Income Sources?

+1 to AlohaJoe.

A rental unit is not diversified. One bad tenant turns it into a nightmare. It can also be lots of work. If you really want to be a landlord and have the skills for it, go for it, but don’t think of it as diversification.
by TomatoTomahto
Fri Nov 02, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11006

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

If he or she gets an apartment in Manhattan for $4k/month, rent is only 36% of net income. Oh, I thought we were comparing apples to apples. There's no such thing as apples to apples. There is nowhere in Kansas with the nightlife, concerts, professional sports teams, restaurants, art, and museums t...
by TomatoTomahto
Wed Oct 31, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3534

Re: The most you ever paid for a prescription

Even if I did not have insurance, the $2,500/month is worth the price of a high quality of life. Hell yes...I'd pay 30K, and not think twice about it. Ditto for my wife. Embrel worked for a while, then Actemra. What joint damage has taken place is history, but Actemra is the difference between her ...
by TomatoTomahto
Wed Oct 31, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is it okay to use backdoor Roth if ultimately below income limits?
Replies: 20
Views: 1108

Re: Is it okay to use backdoor ROTH if ultimately below income limits?

Fwiw, while I understood Lemongrab’s point and didn’t need to learn it, I thought it was useful for the OP; in any case, more useful than the nasty sniping about it. [OT comment removed by admin LadyGeek] ETA: I tell my son, close to the cutoff, to do a backdoor whether he ultimately needs to or not.
by TomatoTomahto
Wed Oct 31, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3534

Re: The most you ever paid for a prescription

The retail price for 1500mg of metformin extended release generic (not in the insurance company’s formulary) was $1900 per month, so I chose not to fill the prescription. The price for 2x750mg extended release generic, in the formulary, was $0. 750+750=1500!!!! Doctor was happy to change the prescri...
by TomatoTomahto
Mon Oct 29, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

We recently had to replace two roof sections, and were shocked at how little insulation was between the rafters. Foam insulation brought the R-value to at least R-60 for the sections replaced. I am sure that it will make a big difference. If this is between the rafters, I assume foam-in-place as op...
by TomatoTomahto
Mon Oct 29, 2018 9:02 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

Because of the advances in building construction (foam insulation, better windows, etc.) our utilities bills are much lower than my mother's house which is 1/3 the size. I don't doubt it. We recently had to replace two roof sections, and were shocked at how little insulation was between the rafters...
by TomatoTomahto
Sun Oct 28, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

I think we are quite off-topic as far as the subject of this thread by now, but I'd be happy to continue this discussion in another thread if you want to start one. I agree that it’s gone OT, but I would appreciate your starting another thread. I am personally hoping to go net carbon zero, and perh...
by TomatoTomahto
Sun Oct 28, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

One also would get the impression BHs are 50t/yr carbon bandits who drive evs and have solar panels to bring their footprint down to 48t/yr. I have a 1000sqft apartment for my family and I bike/take transit to the office. One low mileage ICE car. The SolarEdge app figures our CO2 save at around 30t...
by TomatoTomahto
Sat Oct 27, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4055

Re: Help! For a larger size taxable account do I pay an advisor?

Very stressed out about this, losing sleep over what to do. I have a taxable account that I am not doing a good job managing.... mix of etfs, individual stocks, lost about 100K this year. For a taxable account is it worth it to hire an advisor quoting at just under 1% to manage the account and do t...
by TomatoTomahto
Sat Oct 27, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Working in NYC: Live in NY or NJ for tax optimization?
Replies: 25
Views: 1792

Re: Working in NYC: Live in NY or NJ for tax optimization?

We found living in NJ (Short Hills) and working in NYC worked for us, until it didn’t. NJ Transit is a horror show. Our son recently considered Jersey City vs NYC (West Village). He works close to where you will be working. Tax wise, Jersey City would have been a 4 or 5 digit save. Commute time was ...
by TomatoTomahto
Sat Oct 27, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

I do wonder, given some of the things people advocating for the environment push (like banning straws), if it will become considered gauche to live in a house much bigger than you need at some point. That's one of the reasons that I deflect disapproval of our much-too-large-for-task house to our pl...
by TomatoTomahto
Fri Oct 26, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

Taxes in NJ must be really much higher than when I was there - about 15 years back it was similar to LI NY. Here we consider $10K about average and $20K as high, and doubling that moves you into the stratosphere here. At their peak, taxes on our 1/2 acre house (that recently sold for less than $1.5...
by TomatoTomahto
Fri Oct 26, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

Beautiful place - not what any typical person could hope to maintain and afford, those taxes alone would sink most folks budgets. Enjoy.... Thank you. The taxes, while high as a kite, are not that much more than what we paid in suburban NJ. 2/3 of our property is protected wetlands, so we get a bre...
by TomatoTomahto
Wed Oct 24, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7839
Views: 1609000

Re: U.S. stocks in freefall

The dollar losses I am experiencing are the largest of my life. I have lost more in the last couple of weeks in dollar terms than my entire net worth back in 2008. :sharebeer That reminds me of my Dad, a natural optimist. He once told me, very proudly, that he had paid more in taxes this year than ...
by TomatoTomahto
Wed Oct 24, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

HueyLD wrote:
Wed Oct 24, 2018 1:56 pm
A 7100 SF house on 20+ acres? Holy cow!! How many housekeepers and gardeners do you have?
Many of those acres are protected wetlands, so we are not allowed to alter anything. It's there for the frogs (apparently a rare species lives there), coyotes, turkeys, hawks, owls, etc.
by TomatoTomahto
Wed Oct 24, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

This discussion bifurcated into large house / McMansion. I am commenting on the large house portion of this thread. My voiced preference was that, after the kids went to college, we would downsize into an apartment, large enough to have kids visit, liberal enough for us to have dogs, and convenient ...
by TomatoTomahto
Wed Oct 24, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25648

Re: PSA: Don't buy a big house

Exactly! One has to have lived in TX to know that 3500 doesn’t make a McMansion. It takes a much bigger house to attain that classification. McMansion is more a poorly chosen combination of styles that generally attempt to make the house look more expensive than it really is rather than a specific ...
by TomatoTomahto
Wed Oct 24, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8616

Re: What's Your Fixed Income Strategy?

Years to retirement or already in retirement?(how many years in?) I am retired (duration is a matter of definition; I was a stay at home dad for a long time; at some point the kids moved away to college and jobs, so I guess they retired me). My wife is possibly 5 years from retiring; she could chang...