Search found 70 matches

by jambadoc
Wed Oct 30, 2019 11:17 am
Forum: Personal Consumer Issues
Topic: Unnecessary blood tests
Replies: 51
Views: 3021

Re: Unnecessary blood tests

Moderators, if this message is deemed inappropriate, please delete it. I tried to be very careful with my wording to avoid political arguments or specific medical advice only making an actionable to this situation. To be honest, I had not heard about these guidelines. I'm not in a primary or prevent...
by jambadoc
Sun Oct 20, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6047

Re: Can you claim financial independence with kids still in school

I would read The millionaire next door with your wife. I would especially read the chapter on economic outpatient care. At some point continuing to provide for adult children's needs actually hurts them. That specific point will be different from person to person, but continuing to provide care into...
by jambadoc
Thu Oct 03, 2019 4:44 pm
Forum: Personal Investments
Topic: SPDR fund switch
Replies: 3
Views: 305

SPDR fund switch

I'm curious how many other people switched their funds from commission free SPDR ETFs to something different today. We have TD Ameritrade for our HSA, and I switched everything over to BND, VXUS,and VTI now that there's no fee for doing so.
by jambadoc
Sun Sep 29, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6480

Re: Do you know what your partner spends money on?

I am the financial person and breadwinner in our family. However, we don't talk about my money and her money. Everything we have is ours. all of our credit cards and checking accounts are joint. As such, there is full transparency for either of us. I do a rough budget every month, and we tend to tal...
by jambadoc
Thu Aug 29, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance shopping - good alternative to State Farm for auto, home, umbrella
Replies: 20
Views: 1340

Re: Insurance shopping - good alternative to State Farm for auto, home, umbrella

We recently switched to Amica from USAA for exactly these coverages based on reputation and price. Super easy, and saved us $800 a year on the auto insurance.
by jambadoc
Wed Aug 28, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 210
Views: 51289

Re: GEICO auto rates vs. USAA: too good to be true?

We just switched from USAA auto to Amica. I had read on here USAA was particularly noncompetitive in Florida. We ended up saving $800 per year with better coverage. Also picked up an umbrella policy while I was at it. I really liked USAA, but not THAT much.
by jambadoc
Sun Aug 25, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: Technology in K-8 Education
Replies: 51
Views: 1894

Re: Technology in K-8 Education

This is one of the major reasons we went the Montessori route. It is certainly not technology-free, but is technology light. I think it's a good balance. Fortunately, we have a public charter Montessori nearby and it worked well for our family. I think it especially works for the preschool in elemen...
by jambadoc
Fri Aug 23, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2702

Re: Multi Streams of Income to Build Wealth?

I don't think I would trust Ramsey's methodology. A lot of Ramsey's findings seem highly suspect and clash with more authoritative sources like the Survey of Consumer Finances: https://www.federalreserve.gov/scf/scf.htm. Similarly, Stanley's methodology was fine for what he was trying to accomplish...
by jambadoc
Thu Aug 22, 2019 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2702

Re: Multi Streams of Income to Build Wealth?

I think inheritance plays big part. Two kids with same saving capacity; one with $1million inheritance, another with none. They both start at the same time and save $10,000/year for 30 years and money grows at 6%. Kid with the inheritance would be worth more $6.5 million after 30 years. Kid without...
by jambadoc
Sat Jul 27, 2019 4:33 am
Forum: Personal Investments
Topic: Bootstrapping a company with retirement money
Replies: 85
Views: 4295

Re: Bootstrapping a company with retirement money

Congratulations on your idea. I hope it is very successful for you. As most people here, I agree starting off with a personal loan would likely be a smarter choice. However, after reading all of your responses, I feel like at the very least you've already made up your mind what you were going to do,...
by jambadoc
Sat Jun 29, 2019 11:48 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 123
Views: 12065

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

Once we finish paying off the house in a couple of years I plan to increase our real estate portfolio to (currently in REITs) from 10% to 15 or 20 gradually with private real estate funds (think crowdstreet, etc). I guess that counts. I don't do individual stocks.
by jambadoc
Thu May 23, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Best bassinet
Replies: 25
Views: 1461

Re: Best bassinet

Start with a crib. You won't use a bassinet long enough to make it worthwhile, unless you expect a whole lot of kids. This. Unless you can get one for free, I wouldn't bother. We bought all this stuff for baby number one. For baby number three, we didn't use any of it. Seemed like a good idea at th...
by jambadoc
Wed May 15, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 7197

Re: Do you reward yourself for achieving a financial goal?

I plan on buying a relatively nice bottle of Scotch (like $100) to share with DW when we hit two commas hopefully later this year. Those purchases seem a little extravagant for that level of net worth, as has been said already. But only you can define what you value.
by jambadoc
Tue May 07, 2019 5:04 pm
Forum: Personal Investments
Topic: Has anyone invested in marijuana stocks?
Replies: 31
Views: 3161

Re: Has anyone invested in marijuana stocks?

I invested in a basket of them in Jan 2017. Only non-index I own. 15 total companies. Many have lost nearly all of their value. Aurora and Canopy encompass most of my return, which is 200% as of now. Most of that return you quote came in the initial run up, and it hasn’t been nearly as dramatic sin...
by jambadoc
Wed Feb 06, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?
Replies: 62
Views: 4632

Re: TaxAct problems? Anyone have success with a return which includes "backdoor" Roth reporting?

It appears Taxact has fixed the glitch. I'm not sure if anyone else has been able to do it, and it didn't work for me yesterday, but it seems to be working again today. :D
by jambadoc
Tue Feb 05, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Taxact.com backdoor roth question
Replies: 2
Views: 305

Re: Taxact.com backdoor roth question

Thanks! The search function is my friend.
by jambadoc
Tue Feb 05, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taxact.com backdoor roth question
Replies: 2
Views: 305

Taxact.com backdoor roth question

I was trying to get a head start on my taxes for this year. I switched to taxact from turbotax a few years ago, and have been generally happy. I ran into a snag, and was wondering if anyone had any similar problems. Essentially I'm trying to input my and my wife's backdoor roth IRAs. I've placed the...
by jambadoc
Wed May 02, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: Where to babymoon?
Replies: 38
Views: 4836

Re: Where to babymoon?

From personal experience my wife was not interested in being in tropical climates baking in the sun at 7 months pregnant. She was hot an uncomfortable enough as it was. She would have chosen Vancouver. YMMV.
by jambadoc
Sun Apr 29, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: HSA Charging Monthly Fee - How to Avoid it?
Replies: 19
Views: 2482

Re: HSA Charging Monthly Fee - How to Avoid it?

I use HSA Bank. You can avoid the fee by keeping $5,000 in the savings account portion of the HSA. The problem is that 36 (the annual cost of the fee) divided by 5000 is about 0.7%. you're only saving a tiny percentage of the money that you're keeping off the table from investing. As such, I've deci...
by jambadoc
Sat Apr 21, 2018 6:16 am
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 7525

Re: Factor in evaluating Physicians

Woo Hoo! Didn't make the list. Although, when searching for myself, I see one of our interventional cardiologists on the list for almost $700k. Maybe I shouldn't be so happy about not being on the list. :D I see a lot of my former residents on for a few dollars here or there that I remember getting ...
by jambadoc
Sat Apr 21, 2018 6:11 am
Forum: Personal Consumer Issues
Topic: Factor in evaluating Physicians
Replies: 86
Views: 7525

Re: Factor in evaluating Physicians

quantAndHold wrote:
Fri Apr 20, 2018 2:34 pm
My ENT got a $19 gynecology device. I’m not sure what to make of that.
Nasal Speculum?
by jambadoc
Tue Apr 10, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 10614

Re: Regrets of the frugal and dying?

“What I’d like is a cold beer, but it’s against my religion.” Strange religion. You can be moral, and drink a cold beer. Just don't go into debt to buy that beer ;) It would (probably) be against your religion if you were dying of liver cancer and didn't want to become markedly altered because your...
by jambadoc
Tue Sep 26, 2017 11:17 am
Forum: Personal Investments
Topic: New Deferred Compensation Plan question
Replies: 6
Views: 1236

Re: New Deferred Compensation Plan question

I'm 35. With the previous plan and our contribution rate I was looking at meeting our "goal number" at 55 when our last kid graduates from college. As I run the numbers now, if we just take everything that had been going into the EDP (the old plan) and put it taxable, it delays that number to 58-59....
by jambadoc
Tue Sep 26, 2017 10:41 am
Forum: Personal Investments
Topic: New Deferred Compensation Plan question
Replies: 6
Views: 1236

New Deferred Compensation Plan question

Hello all, I am looking for general input with regards to deferred compensation plans (not sure if this should be under personal investing or theory as it's sort of both). Our company recently merged with another company and apparently now our qualified elective deferral program (which I love) is be...
by jambadoc
Thu Sep 07, 2017 2:41 am
Forum: Personal Finance (Not Investing)
Topic: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills
Replies: 23
Views: 3515

Re: NYT > Under ‘Observation,’ Some Hospital Patients Face Big Bills

I can't speak for the country, but around our neck of the woods, many undifferentiated complaints are admitted under observation status. This is all in generalities, of course, and does not constitute medical advice. Just for understanding purposes, however, probably the best example is "chest pain....
by jambadoc
Sun Jul 09, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Coyote control
Replies: 66
Views: 5903

Re: Coyote control

I would invest in a roadrunner.

And get new neighbors.
by jambadoc
Sat Jul 08, 2017 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?
Replies: 49
Views: 6732

Re: $10k House (hypothetical) at 3.75% rate, you pay $6,672.16 in interest after 30 years?

Remember that a percentage of that money (based on your marginal tax rate) will essentially be refunded to you on your mortgage tax deduction. Also, remember that a dollar paid to the bank 30 years from now is unlikely to be worth a dollar paid to the bank today, so the total amount of money may be ...
by jambadoc
Thu Jun 08, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 16921

Re: Dave Ramsey Financial Peace University ??? worth it?

I'm wondering if the Financial Peace University is the same thing as the baby steps? Or are the baby steps part of the FPU? Baby steps not part of FPU at all? Does the FPU include the investing advice that most of us think is so poor? Is "debt abstinence" even part of the FPU teaching? It doesn't s...
by jambadoc
Thu Jun 08, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 16921

Re: Dave Ramsey Financial Peace University ??? worth it?

Being debt free is the best way to live. Then you can invest your money and become rich. Not make other people rich paying interest. Yeah - all those businesses that raise capital through debt aren't getting rich at all, just paying interest to others. Sorry, but this line of thinking is harmful no...
by jambadoc
Sat May 06, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: Insulating Walls - Worth it?
Replies: 44
Views: 8569

Re: Insulating Walls - Worth it?

To do it from the outside you would have to remove the siding and all the trim, remove the exterior casings of windows and doors, remove any flashing and housewrap AND remove the sheathing plywood. Nobody is going to do that. Not to mention if it rains while your whole house is uncovered to the bac...
by jambadoc
Mon May 01, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Buying couches the Boglehead way
Replies: 36
Views: 6047

Re: Buying couches the Boglehead way

I own a little bit of everybody else's couch, that way I am fully diversified. In all seriousness, we got our last two couches from a local furniture store (broyhill - we have small kids and have been pretty happy with the durability). We've gotten other furniture ordering from Costco and have also ...
by jambadoc
Wed Apr 19, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 8073

Re: What kind of stuff would you never DIY, assuming you could?

Transmission work. I did it once and it is worth every penny to pay someone else. Also tree trimming. Knowing myself, I'll reach too far or try some crazy balancing act and end up falling 20 feet. Ooh. Tree trimming is another good one. Six live oaks in our yard. I'm happy to not do that one either...
by jambadoc
Wed Apr 19, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 8073

Re: What kind of stuff would you never DIY, assuming you could?

I'm pretty handy and do lots of stuff around the house (simple electrical - switches, light fixtures, etc, replaced control panel and dispenser on our refrigerator, replaced toilets, painting, pool cleaning, etc.). The things I either won't do, or don't have time to learn about are: 1: HVAC repair -...
by jambadoc
Tue Apr 11, 2017 3:15 pm
Forum: Personal Investments
Topic: A Wealth Of Common Sense
Replies: 17
Views: 4247

Re: A Wealth Of Common Sense

It reminds me of a quote I learned in engineering school, that I always liked, but never saw attributed. It went something like, "A designer knows his design is perfect not when there is nothing left to add, but when there is nothing left to take away." Seemed to make sense to me.
by jambadoc
Thu Apr 06, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 122
Views: 19530

Re: High Income earners, whats your Tax Strategy?

yeah... if you're in the top tax bracket now, it usually doesn't make much sense to give up a deduction now in exchange for no taxes later. Usually, your income during retirement is lower and you'll be in a lower bracket by then, hopefully at lower rates. If it's already taxed funds, say a traditio...
by jambadoc
Thu Apr 06, 2017 7:45 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 122
Views: 19530

Re: High Income earners, whats your Tax Strategy?

We just crossed into the top tax bracket this year. Here's been my plan (in no particular order): 1. Live in a state with no state income tax 2. Max 401(k) - recently switched to Roth 401(k) when it became available this year 3. Max Deferred compensation 4. Max family HSA and pay medical expenses ca...
by jambadoc
Mon Mar 06, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study
Replies: 31
Views: 5848

Re: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study

Mr. Money Mustache seems to imply that a 4% WR is fine for early retirees, though he does mention that the Trinity study was only examining 30 year retirements. Mad Fientist does not blanket recommend a 4% WR at all. http://www.madfientist.com/safe-withdrawal-rate/ JL Collins says "4% is only a gui...
by jambadoc
Thu Sep 15, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Term Life Insurance?
Replies: 30
Views: 2766

Re: Should I Cancel My Term Life Insurance?

It seems there's not really enough info here to answer this question appropriately. What are the ages and status of your children? Are they now grown and out on their own? No special needs or other complicating circumstance? What is the ballpark value of your portfolio? Any pension or similar? Is it...
by jambadoc
Wed Feb 10, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Employing a family member - tax question
Replies: 1
Views: 335

Employing a family member - tax question

Hello again, I'm once again looking for advice. Pardon the slightly long post, but it explains the situation and the questions are at the end. Some of you may remember, I've posted a few times in the last year that we are helping my father-in-law immigrate the the U.S. After a little more than a yea...
by jambadoc
Wed Jan 06, 2016 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 327
Views: 58080

Re: TurboTax

That is correct to the best of my knowledge. They sent out a letter earlier this year explaining that he would still sell TurboTax but not at a discount.
by jambadoc
Wed Jan 06, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 667
Views: 47942

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

1842

Here's hoping I'm wrong!
by jambadoc
Tue Dec 01, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to start out with TurboTax?
Replies: 52
Views: 6205

Re: How to start out with TurboTax?

I've been buying it through Vanguard the last few years (online version), but received an email from TT today saying that Vanguard had decided to end the discount program. You can still buy it from them, but with no discount. I guest Costco it is then.
by jambadoc
Mon Nov 30, 2015 10:35 pm
Forum: Personal Consumer Issues
Topic: Original Mattress Factory
Replies: 21
Views: 3716

Re: Original Mattress Factory

We've bought two OMF mattresses in the last couple of years. I think I got the recommendation from this site. I didn't want a pillowtop, because I've had the same bad experiences as everyone else seems to. It was a good value and seems to be holding up well. As transparent as any marketing I've seen...
by jambadoc
Tue Nov 24, 2015 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Push child to avoid expensive college?
Replies: 210
Views: 20907

Re: Push child to avoid expensive college?

H.S. teachers in the Northeast can make $100K+ after 20 years, plus a defined benefit pension plan worth 60% of final average salary. But wait, there's more........if she aspires to obtain an administration degree she can break out into the major leagues of earnings....300K+ for a superintendent jo...
by jambadoc
Tue Nov 24, 2015 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Push child to avoid expensive college?
Replies: 210
Views: 20907

Re: Push child to avoid expensive college?

Two things. First, I would expect your child to change her mind as to what she wants to do. My background is in science/engineering, but probably 50% of people throughout my training changed their path of study at least once. Second, its somewhat hard to discuss with or convince a teenager of the im...
by jambadoc
Mon Nov 23, 2015 9:49 am
Forum: Personal Consumer Issues
Topic: Need New Carpet to Sell Home
Replies: 38
Views: 4446

Re: Need New Carpet to Sell Home

I second the "flooring allowance" recommendation. This will catch the people (who are becoming ever more common) who say things like, "I could never live in a house without hardwood flooring." They can choose to their taste and you don't spend any more than you would have before (and you don't have ...
by jambadoc
Tue Nov 10, 2015 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Open Season for Feds: Health Insurance Decision - HDHP
Replies: 11
Views: 2102

Re: Open Season for Feds: Health Insurance Decision - HDHP

HDHP/HSA tends to be better in two big situations. Either you don't consume much healthcare and thus won't pay much out of pocket and can just use the HSA as a retirement vehicle, or if you require a lot of healthcare. Many (most?) HDHPs seem to cover 100% after deductible is met. Our deductible is ...
by jambadoc
Fri Jun 26, 2015 10:29 am
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 30015

Re: Do you buy used cars like a Boglehead actually should?

We've always driven used cars and have never bought new. We're in the market for a minivan (two young kids and one likely soon to be on the way). What I've found in at least in this sphere is that name makes all the difference. We have been looking at Toyota, Honda, and Chrysler. All retail for arou...
by jambadoc
Tue May 26, 2015 11:20 am
Forum: Personal Consumer Issues
Topic: Once in a life time trip.
Replies: 121
Views: 12224

Re: Once in a life time trip.

One thing I would caution reading some of the above recommendations. I would not take my young children to South Africa. My assumption is that these recommendations come from people who were there 10-15 years ago. My wife is South African and emigrated to the States ~8 years ago. We are trying to sp...
by jambadoc
Fri Feb 20, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 60
Views: 13627

Re: 2 comma club (my way)!!

Congratulations! Still paying of my mortgage worth of student loans... but I hope to be there in <10 years.