Search found 2238 matches

by am
Sun May 21, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12147

Re: For those with $500k-$1m in investments...

I'm curious to know what percentage of your invest-able assets (that is, liquid assets, so not including home equity) you have in a taxable account versus retirement accounts. I'm including Roth in retirement accounts even though in many cases these monies can be accessed penalty free. How the fund...
by am
Sun May 21, 2017 9:31 pm
Forum: Investing - Theory, News & General
Topic: Barclays Online Savings account increases their interest rates
Replies: 6
Views: 1114

Re: Barclays Online Savings account increases their interest rates

I was sort of happy to see Amex savings go to .95 from .9. Was gonna switch to a "higher" yielding savings but realized how trivial the extra .3% taxable is I could get elsewhere.
by am
Sun May 14, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9228

Re: Was there a $$$ number after which things got easier?

Just found out today that about 0-1 mil took 6.5 yrs and 1-2 mil networth took another 3.5 yrs . What sort of accounts are you accumulating that in? We are saving at a similar rate (~$200K/yr) but even with my Solo 401(k) we are limited to about $90K per year in retirement accounts, including the b...
by am
Sun May 14, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9228

Re: Was there a $$$ number after which things got easier?

Just found out today that about 0-1 mil took 6.5 yrs and 1-2 mil networth took another 3.5 yrs . This is all with constant income, savings and expenses. We are at about 1 mil. with taxable, cash and retirement assets, paid off house, 20k/yr state pension at 62, and about 19-27 yrs away from SS (depe...
by am
Thu May 11, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Muni risks other than interest rates
Replies: 7
Views: 990

Re: Muni risks other than interest rates

Would loss of tax exempt status result in a stock market type crash in your opinion?
by am
Thu May 11, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: Muni risks other than interest rates
Replies: 7
Views: 990

Muni risks other than interest rates

I have greater than 1 yr expenses invested in muni interm. Vanguard fund. I understand interest rate risk but not other risks of this fund like change in tax law, worsening financial status of municipalities, for example. Do munis have high embedded risk that has not shown up? What kind of impact wo...
by am
Sun Apr 23, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3318

Re: how much house can we afford? Boston area.

Assuming down payment of 20%, I'd go no more than base salary x 2 = mortgage debt. These types of housing ratios don't work in HCOL areas. Not sure I understand. Do people in HCOLs not save for retirement, vacation, have unexpected emergencies, kids, etc? Perhaps the correct conclusion is that the ...
by am
Sun Apr 23, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19653

Re: Any regrets living a frugal life for high income/high networth individuals?

In retrospect, I probably did live too frugally when I was in my 20s. At that time, I did not know I would eventually have a high income or a high net worth. So I was spending under the assumption that I would not. I ended up making much more money than I could have reasonably expected. So, in retr...
by am
Sun Apr 23, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3318

Re: how much house can we afford? Boston area.

Assuming down payment of 20%, I'd go no more than base salary x 2 = mortgage debt.
by am
Sun Apr 23, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19653

Re: Any regrets living a frugal life for high income/high networth individuals?

I question the boglehead frugal crowd because many of my high earning peers buy expensive houses. Not to mention the abundant expensive properties > 1 mil a short drive from me that many own in my area and wealthier areas. Do all these people have it wrong?
by am
Sat Apr 22, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19653

Any regrets living a frugal life for high income/high networth individuals?

I am Top 5th percentile networth for my age group (40-49) and top 2-3% income with no debt thanks to being frugal and being a boglehead now for 10 yrs. We drive > 8 yr old cars and have a remodeled but modest house In a middle to upper middle class area worth about 650k. We can afford a house twice ...
by am
Wed Apr 19, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2629

Re: Fidelity card 2% but NOT as statement credit

Yes, my Fido 2% card is now my go to card except for travel and dining for which I use chase saphire reserve. I deposit the Fido rewards into a fidelity cash account and then transfer to chase checking. A little annoying to wait for the rewards to hit the cash account at Fido for several days, then ...
by am
Fri Apr 07, 2017 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: VG has any funds for Frontier Markets??
Replies: 23
Views: 1834

Re: VG has any funds for Frontier Markets??

Is there a small value frontier market fund? I'd let a bit ride on that one for fun :D
by am
Mon Apr 03, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Netspend interest not showing today
Replies: 9
Views: 809

Re: Netspend interest not showing today

I don't use mango. How do you make it work? I remember being turned off by the requirements to earn the high interest.
by am
Sun Apr 02, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Netspend interest not showing today
Replies: 9
Views: 809

Re: Netspend interest not showing today

Interest is now showing.
by am
Sat Apr 01, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Netspend interest not showing today
Replies: 9
Views: 809

Netspend interest not showing today

Anyone else not showing interest earned for 1st quarter? Hope this has nothing to do with them cracking down on those using the 5% savings account? Or does this have to do with it being the weekend?
by am
Sat Apr 01, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for small business credit card
Replies: 2
Views: 228

Recommendation for small business credit card

Wife has an s corp and uses an old Amex with .5% rewards for most purchases and 1% for open rewards partners. This increases after7500 dollars of spend which she does not reach most years. She charges 500 dollars most months. Are there any cards without annual fees and better rewards structures and ...
by am
Sun Mar 26, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Bond Fund for Emergency Expenses: ETF versus bond Mutual Fund
Replies: 16
Views: 818

Re: Bond Fund for Emergency Expenses: ETF versus bond Mutual Fund

I personally do not want to expose my "emergency funds" to any type of market risk. Bond funds can tank much more than you think based on history. Increase your risk on the stock side if you want more expected return.
by am
Fri Mar 24, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus
Replies: 135
Views: 14136

Re: Capital One 360 $200 bonus

I've been hesitant to do bank bonuses because of taxation. Credit card deals are so much better because they're higher often and don't get taxed. Plus I hate shuffling money around from my accounts with the bank bonuses and having it tied up. I also hate how you have to wait longer for the bonus. I ...
by am
Mon Mar 20, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Malpractice Asset Protection
Replies: 18
Views: 1230

Re: Malpractice Asset Protection

I am about 10+ yrs out as attending. I have heard and read numerous times that the risk of losing assets is miniscule. Retirement accounts, pensions and house titled a certain way offers protections if you have a spouse. If you are still concerned, consult a good specialized attorney.
by am
Sun Mar 19, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Addicted [to contribute to my taxable account]
Replies: 57
Views: 6491

Re: Am I Addicted [to contribute to my taxable account]

I hope you stay addicted when the market is falling and there is no end in sight. For me, it is harder to contribute when I see my balance fall every time I log in. But I continue because of what I have learned on this forum and because I know I am buying on sale. Good luck. There are few things bet...
by am
Wed Mar 15, 2017 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Evolving my asset allocation to slice-and-dice
Replies: 9
Views: 646

Re: Evolving my asset allocation to slice-and-dice

After 10 yrs of investing, reading many books, and being a boglhead participant, I am convinced that the 3 fund portfolio is what works best for me and my loved ones. It's so simple and easy that it's hard to believe it is the best choice for most!
by am
Wed Mar 15, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Anyone subscribe to Barron's?
Replies: 17
Views: 1517

Anyone subscribe to Barron's?

I got an offer for 26 weeks for 23.40 or 52 weeks for 46.80. I haven't seen a recent publication. Is is worth reading for a boglehead for entertainment purposes?
by am
Wed Mar 15, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Good article from Ben Carlson
Replies: 4
Views: 1079

Re: Good article from Ben Carlson

Yes, I enjoyed this post. Working more, getting a higher paying job or career, etc. were not amongst the regrets of elderly. I wonder however if working more to save more and achieving freedom counts?
by am
Wed Mar 08, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: New Vanguard Emerging Market Bond Fund
Replies: 46
Views: 5243

Re: New Vanguard Emerging Market Bond Fund

I don't understand why you would want to have exposure to such debt. As we always say, why not just take the risk on the equity side? There is plenty of opportunity on the equity side to diversify and risk your money.
by am
Wed Mar 08, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Balanced Index Fund all you need?
Replies: 58
Views: 8753

Re: Is the Vanguard Balanced Index Fund all you need?

It's not all you need because some decades international does better than us. I have seen a lot of recency bias on here with regards to international performance.
by am
Tue Mar 07, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1603
Views: 246537

Re: What's Your Credit Card Rewards Strategy?

The sapphire reserve offers slightly better insurance options. Like the emergency medical evacuation and medical expenses to 2500. Other than that, most of the insurance is the same. The trip cancellation is to 20k/occurrence which we used to buy anyways before the reserve card saving us hundreds of...
by am
Mon Mar 06, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 42374

Re: Physician Retirement Savings

I'll say the same thing here (even as a fellow doc) that i have said on other threads and that is I just don't get some of the posters goals. How many folks who have worked their backends off to accumulate 5-10+ million will just be able to throw in the towel and spend lavishly when they have never...
by am
Fri Mar 03, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Actual physical ATM access internationally, and then changing notes
Replies: 26
Views: 1370

Re: Actual physical ATM access internationally, and then changing notes

Do you know which banks are consistently most competitive or is the difference usually negligible? How can you know their exchange rates ahead of time?
by am
Fri Mar 03, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Actual physical ATM access internationally, and then changing notes
Replies: 26
Views: 1370

Re: Actual physical ATM access internationally, and then changing notes

Who sets exchange rates? Would seem it would be set by the market? Also, are the ATM refunds for chase automatic as statement credit?
by am
Fri Mar 03, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Actual physical ATM access internationally, and then changing notes
Replies: 26
Views: 1370

Re: Actual physical ATM access internationally, and then changing notes

Are there any other banks other than scwab that have transaction free atms for international?
by am
Thu Mar 02, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution question and profit sharing
Replies: 5
Views: 484

Re: Solo 401k contribution question and profit sharing

I appreciate your response. I am going to do my taxes this Sat and will update you then. Hopefully my accountant will explain.
by am
Thu Mar 02, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution question and profit sharing
Replies: 5
Views: 484

Re: Solo 401k contribution question and profit sharing

Why would that matter for profit sharing?

I deposited the last payroll contribution in Jan 2017 for 2016.
by am
Wed Mar 01, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution question and profit sharing
Replies: 5
Views: 484

Solo 401k contribution question and profit sharing

My wife's business made 13700 w2 income as an s corp. We contributed about 14k employee + profit sharing to 401k for the year. Is this amount ok? If not, is there a way to correct?
by am
Sat Feb 25, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: schwab lowering ER's
Replies: 27
Views: 3061

Re: schwab lowering ER's

Does any other brokerage or bank offer free worldwide ATM use? Maybe fidelity?
by am
Sat Feb 25, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and tax questions
Replies: 3
Views: 453

Re: Backdoor Roth and tax questions

To enable backdoor roths I transferred a rollover IRA to my employers 401k plan. I have a 1099-R form with the amount distributed to my employer but no details about where it went? Do I need some documentation for my accountant? Just give your accountant the 1099-R and tell him it went from an IRA ...
by am
Sat Feb 25, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and tax questions
Replies: 3
Views: 453

Backdoor Roth and tax questions

To enable backdoor roths I transferred a rollover IRA to my employers 401k plan. I have a 1099-R form with the amount distributed to my employer but no details about where it went? Do I need some documentation for my accountant? Also, I have 1099-R form with amount distributed from the traditional I...
by am
Fri Feb 24, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 3900

Re: Why not hedge using futures?

It's expensive, and not hedging has been pretty effective using bogleheads principles.
by am
Sun Feb 19, 2017 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k fidelity tax forms?
Replies: 3
Views: 221

Re: Solo 401k fidelity tax forms?

Assets less than 250k so no reporting. So when I see the accountant next week, he will just take in to account the 401k contributions we made for 2016 when he does our taxes?
by am
Sun Feb 19, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k fidelity tax forms?
Replies: 3
Views: 221

Solo 401k fidelity tax forms?

I am responsible for my wife's solo 401k. Am I supposed to receive a tax form or summary of contributions for 2016? I could not find anything on line.
by am
Thu Feb 16, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Can we automate Vanguard brokerage ETF purchases?
Replies: 20
Views: 1140

Re: Can we automate Vanguard brokerage ETF purchases?

Why automate? I look forward to placing my etf trades biweekly since it's about the only thing I do most of the time with my investing accounts using the boglehesds approach.
by am
Sun Feb 12, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: What accounts to include vanguard homepage
Replies: 4
Views: 618

Re: What accounts to include vanguard homepage

With the dozen or so accounts I have, was wondering which I should use for asset allocation and to know where I stand in terms for retirement savings. Like vested pension lump sum, cash, ugma etc.
by am
Sun Feb 12, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What accounts to include vanguard homepage
Replies: 4
Views: 618

What accounts to include vanguard homepage

Just curious what accounts others include on vanguard home page. I originally included taxable accounts, 401k and 403b, iras, 457b for years. Recently added cash accounts (checking, money market etc), HSA cash and investments, and vested pension lump sum value. I waiver between adding kids ugma acco...
by am
Sun Feb 12, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 3513

Re: Saving for college for 2 kids: 3 and 0

With Illinois 529, not only are earnings taxed and penalized, but original contributions have a 20k/yr deduction which must be given back if not used for education. That's true. I remember Mr Bogle mentioning in an interview that he found 529s somewhat restrictive. Now I see why - if you don't use ...
by am
Sat Feb 11, 2017 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 3513

Re: Saving for college for 2 kids: 3 and 0

With Illinois 529, not only are earnings taxed and penalized, but original contributions have a 20k/yr deduction which must be given back if not used for education.
by am
Wed Feb 08, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire ending its Reserve 100,000 bonus point offer
Replies: 40
Views: 5744

Re: Chase Sapphire ending its Reserve 100,000 bonus point offer

I have a question........Currently I use the USAA Limitless Rewards Visa which gives me 2.5% cash back on all purchases with no annual fee as my daily driver. Is there a good reason to consider the CSR as the daily driver? I know the 1st year CSR would win hands down, but thereafter I'm not sure. I...
by am
Wed Feb 08, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: A note of caution from Robert Shiller
Replies: 66
Views: 10262

Re: A note of caution from Robert Shiller

High valuations don't necessarily mean an impending crash or doom. Isn't low or average returns in the possibilities? I'll keep investing the same way I have for the last decade since it's worked. There are no good alternative for me at this point in my life.
by am
Tue Feb 07, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best CC for Travel
Replies: 82
Views: 7300

Re: Best CC for Travel

Food for a meal or snack? Have you been to ohare or London heathrow lounges? Any you recommend?
by am
Tue Feb 07, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 151
Views: 22715

Re: Wow, Vanguard Flagship service is bad. Really bad.

I have accounts at both VG and Fidelity and have found the Fidelity service to be superior... I have very little need for service, but when I do it is outstanding .... fyi I have had a few bad interactions with Fidelity reps. Usually calling back a little later will get someone more helpful and kno...
by am
Tue Feb 07, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best CC for Travel
Replies: 82
Views: 7300

Re: Best CC for Travel

Is there usually food in the lounges? Are drinks free?

Go to advanced search