Search found 441 matches

by amitb00
Mon Dec 17, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693148

Re: U.S. stocks in free fall

Russell 2000 is in bear market🙁 Other indexes may follow.
by amitb00
Mon Dec 17, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8814
Views: 1693148

Re: U.S. stocks in free fall

Where are 100% stock folks? Also there were folks who wanted to buy if stock was not at all time high? Are they buying?
by amitb00
Sun Dec 16, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 182
Views: 19799

Re: Best values at Costco? Honestly, a little disappointed...

Kirkland craft beer at $20.99 for 24 bottles is great.
by amitb00
Sun Dec 16, 2018 10:40 am
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 344
Views: 68947

Re: South Florida Local Chapter

I have never attended a chapter meeting. Generally what is the agenda for these meetings? Of course, seeing folks face to face itself has value.
by amitb00
Sun Dec 16, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Can I buy a PIN prepaid debit card with a credit card for rewards bonus
Replies: 10
Views: 448

Re: Can I buy a PIN prepaid debit card with a credit card for rewards bonus

Not sure but there is a possibility that purchasing debit card may be considered as cash advance and in that case you may pay cash advance fees. Interest will accrue from day one in that case.
by amitb00
Sat Dec 15, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 20
Views: 2831

Re: Fidelity HSA - Account Closed (Risk Department)

Does anyone sharing your last name and address may be having a criminal record? Does anyone have a foreign address? FInancial Institutions avoid dealing with such folks.
by amitb00
Sun Dec 09, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: ITOT $60, VTI $134 [iShares Total US vs. Vanguard Total Market]
Replies: 16
Views: 1295

Re: ITOT $60, VTI $134 [iShares Total US vs. Vanguard Total Market]

Answer is already provided on relative price of VTI and ITOT. One other way to look at it is having two $50 bills and one $100 bill. They have same value even though you have two bills vs one bill.
by amitb00
Sun Dec 09, 2018 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in Company 401 at retirement or roll to an IRA?
Replies: 10
Views: 910

Re: Stay in Company 401 at retirement or roll to an IRA?

When you roll over 401K to Rollover IRA, your ability to do tax free backdoor Roth IRA diminishes. Since you are retiring it may not apply to you. But good to know.
Also if you move to Rollover IRA, you can get funds in range of .01-.04 ER.
by amitb00
Sat Dec 08, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: Is a company's stock buyback optional or mandatory for individual shareholders?
Replies: 7
Views: 638

Re: Is a company's stock buyback optional or mandatory for individual shareholders?

My understanding is that company buys from open market. When you sell your stock, some one is buying those shares. It is possible that company itself is buying. But it is not your concern as to who is on other side of transaction. And yes, you are not required to sell your shares when there is a buy...
by amitb00
Fri Nov 23, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: starting HSA if spouse has FSA
Replies: 5
Views: 341

Re: starting HSA if spouse has FSA

If you have HSA, you can have Limited FSA or post deductible FSA but not the regular FSA.
by amitb00
Sun Nov 18, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: What convenience fees does your city charge for credit card use?
Replies: 40
Views: 1937

Re: What convenience fees does your city charge for credit card use?

I live in Miramar, Florida. They charge 2% if I use a credit card to pay dues. Checking account is no fee.
by amitb00
Sat Nov 10, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Confused about FSA when quitting mid-year
Replies: 9
Views: 747

Re: Confused about FSA when quitting mid-year

I know we are talking about medical FSA. There is another FSA for dependent care and in that one you can only use what you have contributed until then.
by amitb00
Sat Nov 10, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4971

Re: Doing taxes by hand

If you have a T Toweprice Account, online Turbo Tax premier version costs $10
by amitb00
Wed Nov 07, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 412
Views: 47242

Re: U.S. stocks continue to soar!

Dow regains 26000 level. Woo.. hoo...
by amitb00
Wed Nov 07, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: need advice with HSA account MAX contribution
Replies: 5
Views: 546

Re: need advice with HSA account MAX contribution

In addition there is last month rule. If you are eligible for HSA on 1-Dec, you can assume you are eligible for whole year provided you continue the insurance in the following year. So you can contribute max amount in 2018 provided insurance continues with you for whole year. HTH
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: 70
Views: 5190

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 free fall
Replies: 8814
Views: 1693148

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 free fall
Replies: 8814
Views: 1693148

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: 19550

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: 1435

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: 3543

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: 1242

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: 734

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: 935

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: 412
Views: 47242

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: 273

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: 186

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: 1482

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: 157
Views: 13451

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: 157
Views: 13451

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: 140
Views: 11105

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: 869

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: 26
Views: 2361

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: 466

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: 4726

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: 1302

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: 4800

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: 1588

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: 3363

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: 1063

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: 4961

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: 3088

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: 2454

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: 1131

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: 10660

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: 5469

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: 2778

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: 1392

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 free fall
Replies: 8814
Views: 1693148

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: 1100

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...