Search found 426 matches

by amitb00
Fri Oct 12, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth filing FAFSA even if you know you'll get nothing?
Replies: 36
Views: 2398

Re: Is it worth filing FAFSA even if you know you'll get nothing?

I knew my daughter is not getting need based aid and Ivy school don’t offer merit aid. So I did not fill it. My daughter is now in third year of 8 year integrated MD program at Brown. YMMV
by amitb00
Thu Oct 11, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7350
Views: 1542565

Re: U.S. stocks in freefall

I think folks on this board are balanced, calm and take long term view. This thread is the main thread where we discuss falling stock market. Very few folks advise to get out of market. Yes, there is risk and it is not a great feeling riding the market down. But over long term, it will be a blip. Ch...
by amitb00
Wed Oct 10, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7350
Views: 1542565

Re: U.S. stocks in freefall

While it happens, it feels scary. However I am pretty sure, we will see higher highs in future. Hopefully we don’t have to do distress selling while market is low.
by amitb00
Sun Oct 07, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Is HSA Bank + TD Ameritrade still the best HSA choice?
Replies: 83
Views: 17560

Re: Is HSA Bank + TD Ameritrade still the best HSA choice?

Many persons are saying that they pay monthly fees $2.5 from their bank. Doesn't it mean they are using post tax dollars to pay what can be paid by pre tax dollars if taken from HSA account. I am wondering if financially it is better to pay from HSA money itself. Of course we are talking $30 per yea...
by amitb00
Sun Sep 23, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Am I on track for retirement? Also: Simplify? Optimize?
Replies: 7
Views: 1402

Re: Am I on track for retirement? Also: Simplify? Optimize?

Yep, OP says his expenses are one third of income. If he saves 15 times income, he will have 45 times expenses. He should add health care expense, education for kids if pertinent. Going just by numbers, 45 times expenses at age 55 will be great for him.
by amitb00
Sun Sep 23, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: A bump on the road from active to passive
Replies: 33
Views: 3471

Re: A bump on the road from active to passive

Many years back I got exposed to Fairholme fund. They were beating S&P 500 by 15% (I may be off by few points)for over a decade. Its manager Borkowitz was lauded as manager of the year and decade by Morningstar and others. He will show up on numerous channels giving his view and folks will listen. I...
by amitb00
Sun Sep 23, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: I'm just itching to tax-GAIN harvest
Replies: 7
Views: 1216

Re: I'm just itching to tax-GAIN harvest

Since you are making profit, you can rebuy same find right away. This will increase your cost basis and you will pay minimal tax on gains. Go for it.
by amitb00
Fri Sep 21, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: My 529 strategy....please pick this apart
Replies: 5
Views: 686

Re: My 529 strategy....please pick this apart

For me, college expense for my daughter will be in range of 600K. She is in third year of 8 year integrated MD program at Brown University. Only Ivy League to offer an integrated MD and it was hyper competitive to get in. We are very proud of her getting in. Annual expense are 70 K and increasing. I...
by amitb00
Thu Sep 20, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity brokerage account - question about automatic investment
Replies: 13
Views: 901

Re: Fidelity brokerage account - question about automatic investment

In Vanguard, you can buy directly from your bank account. I wanted to buy shares in my fidelity brokerage and I was told that if I don’t have cash with them, it will be assumed I have bought on margin. I have to set up a transfer from my bank to Fidelity. Looks like similar thing is for automatic in...
by amitb00
Thu Sep 20, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 302
Views: 31178

Re: U.S. stocks continue to soar!

Dow and S&P 500 soaring to new highs. Enjoying the ride. Wonder when will this end and don’t want to think about that😁
by amitb00
Tue Sep 18, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with exorbitant commission/transfer fees - Worth it?
Replies: 3
Views: 263

Re: ESPP with exorbitant commission/transfer fees - Worth it?

This is awful fees eating 20% of profit. You should still do it. May be hold for a quarter and sell 6 month worth in one go.
by amitb00
Tue Sep 18, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Dependent Care FSA - Questions
Replies: 1
Views: 160

Re: Dependent Care FSA - Questions

1. Use it, lose it follows plan year. So you don’t have to exhaust Nov-Dec fund in 2018. 2. You can claim expense which was incurred while you are enrolled in plan for 2017-18 months. So if you incur only 3000 from mid Sep to end of Oct, you can’t deduct 3100 and claim reimbursement. That is expense...
by amitb00
Tue Sep 18, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Flex. Spending Arrangement (FSA) - Maximize reimbursements
Replies: 4
Views: 1448

Re: Flex. Spending Arrangement (FSA) - Maximize reimbursements

BTW for dependent care FSA, you get reimbursed only after you have contributed. It is different from how medical or limited medical FSA work.
by amitb00
Sun Sep 16, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12078

Re: Considering Quitting Job - Seeking Advice. Would you do it?

OP, you don’t need additional money and can survive well on current nest egg without any need to reduce expenses. Quit here. Take another gig, if you are bored. But it should be on your terms.
by amitb00
Sun Sep 16, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 154
Views: 12078

Re: Considering Quitting Job - Seeking Advice. Would you do it?

With that kind of work hours, and if you are feeling that, one should quit.
Now looking at your NW and expense, you are already FI. If you still want to work, you can but that is really optional. Congratulations for your success.
by amitb00
Fri Sep 14, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 111
Views: 8731

Re: Can I buy a Tesla?

Physician income is relatively secure. Go for buying your dream car.
by amitb00
Wed Sep 12, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to HSA this year?
Replies: 9
Views: 823

Re: Can I contribute to HSA this year?

I had signed up for FSA when my spouse had HSA. Then I read at Bogkehead that it is not allowed. My company HR did not know this. I shared links and they recategorized FSA to Limited FSA.
by amitb00
Wed Sep 12, 2018 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Payflex HSA - avoid account closure fee?
Replies: 22
Views: 1620

Re: Leaving Payflex HSA - avoid account closure fee?

Not payflex but I had a similar situation at HSABank. Once I left my job, employer moved my account to HSABank linked to TDAmeritrade. I moved all the money to TDAmeritrade investment account. Never logged in to HSABank. Then this week, 8 months letter I got a mail from HSABank saying I have a negat...
by amitb00
Tue Sep 11, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Sprint's iPhone protection plan - Worth it?
Replies: 6
Views: 455

Re: Sprint's iPhone protection plan - Worth it?

Get Uber card. If u pay cell bill in full by it, phone is protected.
by amitb00
Sun Sep 09, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4642

Re: How much do bogleheads save in 529?

I concur that if you plan to pay for college, 529 is a no brainer. If you over Fund, unless you need money, you can let it grow and pass it to your next generation as you would pass any other left over money which you won’t use. E.g, We don’t worry about over saving in 401k or taxable, as we think w...
by amitb00
Sun Sep 09, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Switching to Employee Fiduciary
Replies: 15
Views: 1217

Re: Switching to Employee Fiduciary

My wife 401k is at Employee Fiduciary. One issue which I see is that settlement date is unpredictable. Sometimes it happens on pay day and some times 6-7 days after payday. Generally funds are bought on up days. I wonder if they manipulate and give us funds based on higher price and pocket the diffe...
by amitb00
Sat Sep 08, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: HSA Bank Low Balance Fee- How is it paid?
Replies: 27
Views: 4740

Re: HSA Bank Low Balance Fee- How is it paid?

I asked in a different thread but this one seems more appropriate: What is total cost to have an account with HSA bank if it is linked with TDAmeritrade and balance with HSABank is minimal (say 0). I saw $2.50 but then I am also reading about an investment fees of $3 written on the web. Does anyone ...
by amitb00
Sat Sep 08, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: HSA administrator options
Replies: 14
Views: 1531

Re: HSA administrator options

Can someone tell , what is total cost to have an account with HSA bank if it is linked with TDAmeritrade and balance with HSABank is minimal (say 0). I saw $2.50 but then I am seeing an investment fees of $3.
by amitb00
Mon Sep 03, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3288

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

I personally am happy with Total Stock Market index. However I feel that FAANG stocks will beat Total Stock Index for foreseeable future. So go for it and also update us periodically.
by amitb00
Sun Sep 02, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Investing for nieces/nephew outside of 529
Replies: 11
Views: 1028

Re: Investing for nieces/nephew outside of 529

Even if kid in question doesn’t use it, they can pass on to their own kids. So as a gift, sounds like a good idea.
by amitb00
Wed Aug 29, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4883

Re: Done saving for retirement according to firecalc?

I would work so that I become FI sooner. After that if I quit, work part time or full time will be my choice.
by amitb00
Tue Aug 28, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: how much more we should put in 529?
Replies: 24
Views: 3013

Re: how much more we should put in 529?

To give an idea on cost: My daughter joined 8 year PLME program ( integrated MD) at Brown University. Cost is 70K+ every year and is increasing. We expect to pay 600K+ for the program. So if you can superfund again , do it. BTW you don’t have to wait. There is no restriction on contributing. It is j...
by amitb00
Mon Aug 27, 2018 7:02 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2394

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

In south Florida, 20 miles away from beach, for a 500K property, insurance is 4K. Not sure if it is insane.
by amitb00
Tue Aug 21, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawl timing
Replies: 10
Views: 1090

Re: 529 withdrawl timing

It is in the year you made the payment.
by amitb00
Sun Aug 12, 2018 10:00 pm
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 95
Views: 10281

Re: AAPL, AMZN, or GOOG?

Although I don’t own any of FAANG stocks, I can see that these companies are in a much better place compared to big names of yesteryears. They have enormous money, lead innovation and if there is another company who is doing something they like or feel threatened, they will buy them. I think they wi...
by amitb00
Sat Aug 11, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 5300

Re: Preparing for a bear market

If you don’t like bonds, CDs may be a good substitute
by amitb00
Thu Aug 09, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Parental Care in my road to financial independence
Replies: 34
Views: 2662

Re: Plan for Parental Care in my road to financial independence

After 5 years on the green card she will become a citizen. Is there anything saying she can't apply for SSI and medicaid? And medicare through SSI? Well said. If she has less than 3K in asssets, 65+ age, low income(check specific number), she will be eligible for Medicaid if her green card is 5 yea...
by amitb00
Sat Aug 04, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: Using 529 Like a 401k (not for education!)
Replies: 8
Views: 1362

Re: Using 529 Like a 401k (not for education!)

Investing and then cashing out at a time when there is no gain to avoid getting taxed makes no sense for investing in general. Classic case of tail wagging the dog. Do minimize your tax, but not your income or gains just to minimize tax.
by amitb00
Wed Jul 25, 2018 9:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7350
Views: 1542565

Re: U.S. stocks in freefall

FB down 20% in a day. Lot of people wanted to invest only in FAANG. Best of luck to them.
by amitb00
Fri Jul 20, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Excess in 529 Plan
Replies: 8
Views: 1076

Re: Excess in 529 Plan

Do you need money? If not, then if it were me, I will keep it in 529. Ofcourse transferring to grand kids remains an option. You can withdraw when you are retired and are in lower bracket. And to answer your question, if you want to match against scholarship amount, it should be in the Year when kid...
by amitb00
Fri Jul 20, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 11314

Re: I may have understood why it's so hard to save and invest

My investment returns now exceed our contribution to yearly nest egg. I am hoping I am 5-7 years away from FI. Keep faith in the market and results will amaze you.
by amitb00
Mon Jul 16, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Passport expiration time rules for France
Replies: 34
Views: 2500

Re: Passport expiration time rules for France

You can enter your country on an expired passport. Any requirements for passport validity is imposed by the host (where you are visiting) country. FWIW I renewed my daughter passport without expedite option and it came in less than 4 weeks. So you have time in case you want to renew it. This is reco...
by amitb00
Sun Jul 15, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Costco Membership
Replies: 54
Views: 7126

Re: Costco Membership

I am very happy with Costco executive membership. This gives 2% back on purchase and for me covers the cost of membership. A quick search shows ways to make best of Costco without membership https://clark.com/shopping-retail/warehouse-clubs/costo-shop-without-membership/ BTW everyone i know, who has...
by amitb00
Sat Jul 07, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Morningstar: prepare for a lost decade for U.S. stocks
Replies: 198
Views: 19497

Re: Morningstar: prepare for a lost decade for U.S. stocks

I have made good money not listening to these predictions. I continue to do the same. Over time, will increase fixed income allocation which I am already doing. But equity investments, I intend to continue. I will take my chances.
by amitb00
Sat Jul 07, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 3252

Re: Would you take a job in a less desirable city if you had to work fewer days?

I have developed roots where I am living and so may not do it. However if I was not tied to my current place, I might have done it.
by amitb00
Sat Jul 07, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Tipping in a hotel room/cruise ship room
Replies: 57
Views: 4340

Tipping in a hotel room/cruise ship room

Another tipping thread. We talk about tipping at restaurant/fast food/take out places. Do you tip in hotel room for the cleaning staff on day of departure? Recently I went on a cruise. Cruises are notorious to charge $15 per person per day for tips. I still left tip for person who cleans our cabin. ...
by amitb00
Sat Jul 07, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Costco Travel Packages?
Replies: 31
Views: 3804

Re: Anyone Tried Costco Travel Packages?

Recently I booked cruise ticket from Costco travel and after I accounted for Costco gift card, it was cheaper than any where else by around $100 for $2000 total price. Then few weeks later, I wanted to buy ticket on same cruise for my parents. Expedia was cheaper than Costco and I bought it from Exp...
by amitb00
Sun Jun 24, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 24
Views: 2783

Re: FIRE thought experiment

It depends on your expenses. I am 49 and will not retire at 2 m. I will shoot between 4 to 5 m, after accounting for college expenses for my kids.
by amitb00
Sun Jun 24, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 56
Views: 5646

Re: How to pay college tuition from a 529?

I get 529 funds in my checking account and pay to school by requesting debit from my checking account on due date.
by amitb00
Fri Jun 22, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: 529 plan change of beneficiary and ownership
Replies: 11
Views: 821

Re: 529 plan change of beneficiary and ownership

My daughter is in 8 year medicine program. I have three 529s from T Rowe price. One 2015, 18 and 21. She is studying from 2016 to 2024. This allows me to first liquidate 2015. Now I am drawing on 2018 and in few years will draw from 2021. In some sense I use bond funds first and while others are gro...
by amitb00
Fri Jun 22, 2018 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21926

Re: Can you retire on $2M?

If you are in US and want to retire at 49, 5 million is better. Of course amount needed depends on your expenses. I am thinking you want to travel and have fun money. I won’t retire with 2 m at age 40.
by amitb00
Wed Jun 20, 2018 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Contribution Question
Replies: 3
Views: 486

Re: 529 Contribution Question

In fact you can contribute as much as you want. Any amount above the gift limit reduces your estate which you can pass tax free to your heirs. In case of 529, you can give amount for next 5 years in one year. Since this limit is 11m + for sngles and 22 m for married, for most folks there is no limit...
by amitb00
Sat Jun 09, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunding 529
Replies: 25
Views: 2589

Re: Overfunding 529

If someone wishes to pay for college education for their kids and have means to do so, it makes complete sense to invest in 529. In fact overfunding is not an issue if you are willing to pass it on to next generation kids. I don’t understand why folks are so hesitant in using it. Yes, your own finan...
by amitb00
Wed Jun 06, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 19136

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

I am paying full sticker price for my daughter 8 year integrated MD (PLME) at Brown University. 53% kids there get no aid. Aid is completely need based and 47% get that. So 47% don’t pay sticker price.