Search found 530 matches

by amitb00
Mon Nov 28, 2022 11:49 am
Forum: US Chapters
Topic: Sad news - Sheepdog passed away
Replies: 135
Views: 25747

Re: Sad news - Sheepdog passed away

Rest in peace.
by amitb00
Fri Jun 17, 2022 7:47 pm
Forum: Personal Consumer Issues
Topic: Should we charge for concessions for our HOA event?
Replies: 31
Views: 2847

Re: Should we charge for concessions for our HOA event?

If money is not an issue, make it free. People have more fun with free food. Even if they can easily afford. Let them enjoy. And keep
Little extra since there is more demand of free food.
by amitb00
Sat Apr 23, 2022 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing while pregnant
Replies: 99
Views: 8079

Re: Interviewing while pregnant

You don’t need to declare pregnancy. Once you have the offer, and have accepted it, let hiring manager know your time off plans . No employer can discriminate because of pregnancy. Most help in any way possible to show their commitment to family and work/life.
Congratulations on the baby! Life will change .., enjoy bundle of joy.
BTW I am in senior management at my company 😀 so know how we handle this.
Cheers,
Amit
by amitb00
Sat Jan 22, 2022 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax [2016 - 2021]
Replies: 1053
Views: 148091

Re: Fidelity free Turbotax

TRowePrice used to give online premier version for $10. This year I see $54 for that.
by amitb00
Mon Dec 27, 2021 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax TY2021
Replies: 265
Views: 40597

Re: TurboTax TY2021

I have T Rowe Price account and they give premium
Version at $10, deluxe free etc. This is online version which I use.
by amitb00
Fri Nov 26, 2021 2:03 pm
Forum: Personal Consumer Issues
Topic: Cash Back and Rewards Cards - Just Say No?
Replies: 237
Views: 19794

Re: Cash Back and Rewards Cards - Just Say No?

Citi bank double cash
Fidelity visa
by amitb00
Thu Nov 18, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: HSA withdrawal proof
Replies: 32
Views: 3217

Re: HSA withdrawal proof

You are not required to give receipt to anyone for HSA. It is different from FSA. So only time you will be asked to show receipts is if IRS audits you.
by amitb00
Tue Aug 31, 2021 7:47 am
Forum: Investing - Theory, News & General
Topic: Fidelity 45% Rule for Retirement
Replies: 16
Views: 3626

Re: Fidelity 45% Rule for Retirement

A corollary: If your income increases you need bigger saving 😀
by amitb00
Sat Jun 26, 2021 6:51 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 945
Views: 151267

Re: Flaunt Your High-Mileage Car

I have a 2007 Honda Odyssey with 173k on it.
by amitb00
Sat Apr 17, 2021 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 18
Views: 1283

Re: Accessing College Financial Aid for Higher Income Households

Are you saying that your in laws adapt their grand kids? Seems unlikely it will fly. It may have other legal consequences since it is done solely for tuition avoidance.
by amitb00
Mon Apr 05, 2021 10:20 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 53
Views: 6986

Re: No foreign fee, reimburse atm fee cards besides Schwab?

I have Ally card. They say they reimburse nationally but in my experience, ATM fees was reimbursed in Canada, India, UK, Germany, Peru, Costa Rica and many other places. They reimburse upto $10 in any statement cycle. They can be good back up. BTW when I put travel notification, they say they won’t reimburse out side US but then actually reimburse.
by amitb00
Fri Jan 22, 2021 4:50 am
Forum: Personal Investments
Topic: Chard Snyder HSA
Replies: 2
Views: 501

Re: Chard Snyder HSA

Thanks asif408 for the response.
Chard Snyder responded back in email and told me there is no fees by them on partial Trustee to Trustee transfer. In this case I will use this and transfer cash to Lively on regular basis.
by amitb00
Tue Jan 19, 2021 8:55 pm
Forum: Personal Investments
Topic: Chard Snyder HSA
Replies: 2
Views: 501

Chard Snyder HSA

My company changed HSA administrator to Chard Snyder this year. Chard Snyder uses Healthcare Bank. My payroll contributions will go here now.
My previous HSA is at Lively. I have three choices:
1. Use Chard Snyder investments. 3K needs to be in cash. When my company leaves them or I leave company, I can consolidate at lively. They charge 20$ closing fees.
2. Take my contributions out once a year and roll over. This will be free but money will remain Uninvested for 12 months.
3. Keep on doing Trustee to Trustee transfers when I have say 2-3 K cash built. Does anyone know if Chard Snyder charges any fees? I know Payflex would charge $25 for this transfer.
I could not see on their site and they have not responded yet to my question on email.
by amitb00
Sun Jan 17, 2021 3:17 pm
Forum: Personal Consumer Issues
Topic: What to do with Amazon gift cards?
Replies: 50
Views: 7472

Re: What to do with Amazon gift cards?

They are good gifts. So on different occasions like birthdays, Christmas you can give them away as gifts.
by amitb00
Sun Jan 10, 2021 1:58 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 47526

Re: What kind of car do Bogleheads like to drive?

I drive Tesla. One of the first ones to buy in 2014. Loved it.
My other car is Honda Odyssey. I have owned Honda Accord and Nissan Altima in past.
I do drive them until they are done and don’t change cars frequently. I will replace Odyssey with Tesla Model X some time in future.
by amitb00
Sat Jan 02, 2021 2:52 pm
Forum: Personal Investments
Topic: RMD @ 72 seems quite high according to calculator
Replies: 182
Views: 13927

Re: RMD @ 72 seems quite high according to calculator

For folks who can retire early, it is better to start converting 401k, tIRA etc to Roth before you get SS or RMD. This way you can minimize on taxes.
by amitb00
Fri Jan 01, 2021 3:56 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906931

Re: What are you up YTD? [Year To Date]

16% Includes effect from contributions as well.
by amitb00
Fri Jan 01, 2021 3:50 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 18782

Re: The Case Against 529's

529s have worked very well for me. I have three kids. Two are in grade 7 and 9. One is in integrated 8 year MD program aka PLME at Brown University in her 5th year. Total cost of attendance 600K. I probably put in 450k or so in her 529 and hopefully will be able to take 600k out (already took out 460 k)
I am also on way to fund my other two kids 529. I see it extremely valuable in college planning. If money is left, it can be passed on to next generation. I don’t plan to use every dollar I have earnt and saved in other accounts. Why should I worry so much about 529 overfunding.
And yes, my other accounts like 401k, IRAs, HSA are maxed out.
by amitb00
Thu Dec 31, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: 401k Employer matching
Replies: 10
Views: 645

Re: Advice: 401k Employer matching

Typically it is percentage of your salary of you contribute over a certain percentage of your salary. So depending on your salary and percentage contribution, you may be able to contribute through out and get 4% back in later part of year.
by amitb00
Sat Dec 26, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: Turbotax on Sale Today Only
Replies: 103
Views: 11785

Re: Turbotax on Sale Today Only

If you are T Roweprice customer, you can get TurboTax deluxe online version free and premier online version for $10.
by amitb00
Wed Dec 23, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save for 529 plan?
Replies: 24
Views: 3095

Re: How much to save for 529 plan?

Private schools cost of attendance is 70k per year. For 4 year program current expense is little less than 300k.
by amitb00
Mon Dec 07, 2020 6:16 am
Forum: Personal Investments
Topic: Short Tesla?
Replies: 94
Views: 8970

Re: Short Tesla?

TomatoTomahto wrote: Mon Dec 07, 2020 6:11 am I seldom think this way, but almost 5 years ago I paid a 6 digit number for my Model X. If I had bought TSLA with that money ...

I miss Dan Mahoney. I hope he got out without mortal wounds.
I bought my Model S 6 years back in 6 figures. I was also talking to few friends last week and was saying if only I had bought the stocks. Any way, I did not and am mostly (90+ percent)following 3 funds .
by amitb00
Fri Dec 04, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Networth and performance
Replies: 5
Views: 960

Re: Tracking Networth and performance

Personal Capital is free. Quicken is another popular one.
by amitb00
Thu Dec 03, 2020 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Issue - Cash Flow?
Replies: 9
Views: 1005

Re: Personal Capital Issue - Cash Flow?

I am having same issue.
by amitb00
Tue Nov 24, 2020 3:46 pm
Forum: Investing - Theory, News & General
Topic: When will DJIA hit 100,000?
Replies: 32
Views: 2609

Re: When will DJIA hit 100,000?

Assuming it doubles in 6-8 years, you are looking 15 years from now.
by amitb00
Sun Nov 01, 2020 5:55 am
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 36149

Re: What’s “your number” for each kid’s 529?

To give an idea about expense: My daughter was lucky to be selected in 8 year PLME program at Brown University. This is hyper competitive program after high school with guaranteed admission to MD at Brown. Only Ivy League to have an integrated MD program. Now the cost; Undergrad was around 70K times 4. Medicine will be around 80K times 4. In all it is around 600K expense. I have two other kids and their 529 is 400K each and I will get that to 500. After that will let it grow on its own.They are in 7th and 9th grade. Higher education specially medicine is very expensive. For me kids education is more expensive than home. YMMV and save as much as you can, Cheers, Amit What if kid does not want to pursue medical career? Wouldn't be those mone...
by amitb00
Sat Oct 31, 2020 1:13 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 36149

Re: What’s “your number” for each kid’s 529?

To give an idea about expense: My daughter was lucky to be selected in 8 year PLME program at Brown University. This is hyper competitive program after high school with guaranteed admission to MD at Brown. Only Ivy League to have an integrated MD program. Now the cost;
Undergrad was around 70K times 4. Medicine will be around 80K times 4. In all it is around 600K expense.
I have two other kids and their 529 is 400K each and I will get that to 500. After that will let it grow on its own.They are in 7th and 9th grade. Higher education specially medicine is very expensive.
For me kids education is more expensive than home. YMMV and save as much as you can,
Cheers, Amit
by amitb00
Sun Sep 27, 2020 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 31
Views: 20569

Re: Fidelity HSA - Account Closed (Risk Department)

Many institutions close account if they believe that you have used account for financial criminal activity- like money laundering, receiving or making payments for illegal activity. They have to go through a lot of paper work to respond to authorities if it happens. So proactively close the accounts. They generally don’t give reason why they closed☹️
by amitb00
Sat Aug 22, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What happens with additional mortgage payment?
Replies: 6
Views: 1087

Re: What happens with additional mortgage payment?

To make calculations easy to understand. If you make it on same day as your regular payment day, entire extra amount will go to principal since interest is already paid by regular payment for that period.
If you do on a different day, even if part of it pays interest, regular payment will pay less interest and end result should be similar. Amount owed reduces.
by amitb00
Sun May 17, 2020 5:27 pm
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 628
Views: 215107

Re: South Florida Local Chapter

I live in Miramar (West of 75). I am also yet to attend one of the chapter meetings. Something work related has come up on last minute on last two occasions. Third time may be charm.
by amitb00
Sat Apr 04, 2020 11:54 am
Forum: Personal Investments
Topic: At what point does a fund's performance history vs index matter?
Replies: 29
Views: 1005

Re: At what point does a fund's performance history vs index matter?

I came to know about Fairholme fund. It will proudly say it has beaten SP500 for 15 years by 300%. I put some money. For two years it did good. Then it started lagging and that too big time. Last year I got out completely by being there for over 10 years and lost money in that fund. YMMV
by amitb00
Tue Mar 31, 2020 10:30 pm
Forum: Investing - Theory, News & General
Topic: Why do different total market and SP500 funds have different NAVs?
Replies: 8
Views: 659

Re: Why do different total market and SP500 funds have different NAVs?

One may have 1000$ asset in 100 units so each is 10$. Other may have 1 m dollar asset in 10000 units and each unit is 100$. Does it answer?
by amitb00
Tue Mar 31, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: Why do different total market and SP500 funds have different NAVs?
Replies: 8
Views: 659

Re: Why do different total market and SP500 funds have different NAVs?

What matters is their performance which will be same.Absolute value does not matter. It is like 20 $ vs 10 $ bills. You can keep your 100$ in 5 20s or 10 10s. Same thing here bw VTI vs SPTM vs ITOT.
by amitb00
Fri Mar 27, 2020 6:54 pm
Forum: Personal Investments
Topic: Fidelity commission-free ETF
Replies: 10
Views: 1161

Re: Fidelity commission-free ETF

Most brokers now allow commission free trades for all ETFs and stocks. So commission should not figure in decision anymore.
by amitb00
Wed Mar 25, 2020 9:05 pm
Forum: US Chapters
Topic: Livesoft reaches 70,000 posts!
Replies: 31
Views: 4120

Re: Livesoft reaches 70,000 posts!

Great Livesoft. Keep sharing.
by amitb00
Wed Mar 25, 2020 7:19 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 77349

Re: So bottom is probably behind us....right?

I feel there is lot more downside. We will see 50% overall decline from peak for all three major indices.
I am long and staying course. Hoping all it will pass sooner than later. All stay safe, Amit
by amitb00
Mon Mar 23, 2020 4:39 pm
Forum: Personal Investments
Topic: Stay the course - options in a down market
Replies: 4
Views: 560

Re: Stay the course - options in a down market

If you are sure it is going to go down, why to be just on side lines. Short the index and make some money.
In reality none of us know. I will ride it out. Good luck everyone whatever you choose to do.
by amitb00
Sun Mar 22, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: Why do people keep saying you have to be right twice?
Replies: 213
Views: 10923

Re: Why do people keep saying you have to be right twice?

If you don’t want to be back in market, you can sell and you are ok, assuming you profited. However if you finally want to be invested but are concerned that market will fall, you need to make two transactions. One to sell and other to buy. If you sell at bottom, you lost . If you sold, you need to buy at a lower price. If you fail in your chance to buy, you missed out. So you need to be right two times.
by amitb00
Sat Mar 21, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: "3 Charts That Show Why Investors Should Stay the Course Throughout Market Turmoil"
Replies: 31
Views: 5635

Re: "3 Charts That Show Why Investors Should Stay the Course Throughout Market Turmoil"

SandysDad wrote: Sat Mar 21, 2020 6:45 am Other than potential tax consequences, why not sell now, and buy back in for less later this year?
If one knows stocks will be down, why not short them and make money. It is not a done deal that will be down in a month.
by amitb00
Wed Mar 18, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 33846

Re: Why are people selling? Disappointed in people here...

Sandtrap wrote: Wed Mar 18, 2020 7:37 pm My SIL just exchanged all of her equity positions for bond funds in her retirement account.
What??????
She told us "after" she did it then remembered she should've asked us first.
. . . .. too late. . . . :shock:

j :happy
If it is retirement account it is not too late. You can ask and convince her to buy back equity. They may be cheaper in next few days.
by amitb00
Fri Mar 13, 2020 7:04 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 33861

Re: Who is staying course and how are you dealing with net worth going down?

My portfolio is down 700K. Not a pleasant experience. Having said that my regular monthly investments are happening as usual. My belief is it will come back. May be it means couple of years of extra working. Thanks, Amit
by amitb00
Sun Jan 26, 2020 7:43 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 628
Views: 215107

Re: South Florida Local Chapter

Have a good one. I will have to miss because of a personal commitment out of town. Hoping to join next time.
by amitb00
Thu Jan 23, 2020 5:38 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 37567

Re: Sad news: LadyGeek's husband has passed

Deepest condolences on your loss. May departed soul RIP and you have courage to go through this tough time.