Search found 175 matches

by bornloser
Mon Jul 13, 2020 12:07 pm
Forum: Personal Investments
Topic: Cost basis bugaboo, need help
Replies: 4
Views: 356

Re: Cost basis bugaboo, need help

Thanks for the input. Going to sell all at once, easier to calculate the long term loss.
by bornloser
Mon Jul 13, 2020 9:44 am
Forum: Personal Investments
Topic: Cost basis bugaboo, need help
Replies: 4
Views: 356

Cost basis bugaboo, need help

Finally getting around to cleaning up some individual equity purchases years ago, this time for a capital loss. Using specific id for cost basis. Unfortunately, quite a few stock splits and corporate actions (cash in lieu, whatever that hell that is) and I'm ending up with fractions of shares. Here'...
by bornloser
Wed May 20, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 1791

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Sensorineural hearing loss is very common, maybe in your case exacerbated by exposure to loud sounds but also likely typical aging related damage to the cochlear hair cells, estimated 30-40 million persons in US. The good news is that hearing aids have significantly improved over the last few decad...
by bornloser
Mon May 18, 2020 10:22 am
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 1791

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Would definitely try aids, you have nothing to lose. The audiogram cost should be covered by insurance or medicare. The hearing aid costs are not unfortunately and this is also another reason people do not seek out aids, the out of pocket 4-8k hurts. The behind the ear (BTE) aids are real small, dur...
by bornloser
Mon May 18, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Help: Update: Advice Getting Hearing Aids? What? What?
Replies: 44
Views: 1791

Re: Help: Any Problems or Pitfalls or Advice When it Comes to Getting Hearing Aids? What? What?

Sensorineural hearing loss is very common, maybe in your case exacerbated by exposure to loud sounds but also likely typical aging related damage to the cochlear hair cells, estimated 30-40 million persons in US. The good news is that hearing aids have significantly improved over the last few decade...
by bornloser
Tue Mar 17, 2020 7:04 am
Forum: Investing - Theory, News & General
Topic: "The Importance Of Staying Invested in Volatile Times"
Replies: 33
Views: 2756

Re: "The Importance Of Staying Invested in Volatile Times"

"Stay the course" is fine, but we set our course expecting yearly stock volatility of maybe 20%, 30% tops. If they told you that volatility is going to 5 times as large, you would be simply stupid in staying on the same course. You know, a boat can do 10 knots in calm water, but only a couple of kn...
by bornloser
Fri Jan 24, 2020 10:16 am
Forum: Personal Investments
Topic: Helping mom ditch her advisor
Replies: 14
Views: 1353

Re: Helping mom ditch her advisor

She's 88 and almost certainly has some cognitive decline (maybe subclinical, but it's there). Very smart to investigate all the parameters of this advisor to include upfront fees, "hidden" fees, expense ratio of the funds, any churning, etc. At a mininum, the advisor needs to know there is someone l...
by bornloser
Wed Jan 22, 2020 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 6450

Re: How high is health insurance going to go?

This was touched on in a reply but not responded to (that I can see): are there any tax advantages that would mitigate paying healthcare premium on the open market. Specifically, itemizing for those tax years by adding property taxes and health insurance premiums (above 7.5% AGI), using an HSA. And ...
by bornloser
Wed Dec 25, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 686

Re: Non-W-2 fellowship income now eligible for IRA contributions

Thanks for the input. I'll wait and see. The reason I ask is that my child (Boglehead in training) has been asking me about this.
by bornloser
Tue Dec 24, 2019 6:37 pm
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 686

Re: Non-W-2 fellowship income now eligible for IRA contributions

Any input on a summer research stipend for a medical student?
Thought I'd ask again.
by bornloser
Tue Dec 24, 2019 4:11 pm
Forum: Investing - Theory, News & General
Topic: Non-W-2 fellowship income now eligible for IRA contributions
Replies: 9
Views: 686

Re: Non-W-2 fellowship income now eligible for IRA contributions

I wonder if a medical student summer research stipend (about 4k) would be eligible. I know this was not considered income for IRA contributions in the past but it sounds like this portion of the Secure Act changes this? Any thoughts?
by bornloser
Tue Dec 24, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Millionaire Teacher - Andrew Hallam
Replies: 70
Views: 10876

Re: Millionaire Teacher - Andrew Hallam

Read it a few years back when I was looking for an introductory book on personal finance and savings for my two oldest (college age at the time). Great book IMHO. Book was not intended to compete with Swedroe or Billy Bernstein, it's a small inspirational book on what can be achieved with saving and...
by bornloser
Tue Dec 24, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Genworth raising LTCi premiums 150% over next 5-7 years
Replies: 165
Views: 9043

Re: Genworth raising LTCi premiums 150% over next 5-7 years

Basically, everything in this post is false. I'm on vacation now with my kids, otherwise I'd reply in detail. I'll reply when I get back this weekend. [/quote] I never trust anyone who makes a comment like this, then proceeds to say in a later post, well not everything in the post is false. In addit...
by bornloser
Tue Dec 03, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tiaa creft 403B rollover to Vanguard pros and cons
Replies: 18
Views: 1352

Re: Tiaa creft 403B rollover to Vanguard pros and cons

Just remember if you roll it into a traditional IRA at Vanguard, which I assume is what you plan to do, you now become subject to pro rata for Roth conversions. Just food for thought.
by bornloser
Tue Oct 29, 2019 2:26 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8732

Re: 529/son got accepted to medical school whahoooo!

Okay, just noticed the original post was 2017, so my comments probably not helpful. As an aside, one of the reasons my daughter entered med school with so much 529 money left is the fact that she "gets it" (ie, a budding Boglehead). I sleep much better knowing that she has left the nest with a healt...
by bornloser
Tue Oct 29, 2019 2:17 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8732

Re: 529/son got accepted to medical school whahoooo!

Well, I care actually. Daughter in medical school, scholarship paid for most of undergraduate so enough 529 monies left over for 2 years tuition and housing (we submit reimbursement for housing costs). I began shifting funds to a conservative "guaranteed" fund choice over the last few years, so now ...
by bornloser
Tue Oct 15, 2019 4:23 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1829

Re: I-bonds with kids

Re. I bonds purchased with a minor as co-owner thereby enabling a work around of the 10k limit per person. I did not know this and I'm surprised I haven't seen this strategy before. I know some have posted putting I bonds in a trust.
by bornloser
Tue Oct 15, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Low Cost Company 401k [Looking for plan provider]
Replies: 9
Views: 640

Re: Low Cost Company 401k [Looking for plan provider]

Used Employee Fiduciary for a small physician group of 10 for 3 years. Based out of Mobile, AL with a low fee "Boglehead" mindset, had a positive experience. Loaded the plan with Vanguard funds and a few Fidelity funds. Not a great deal of hand holding, so someone in the company needs to be the poin...
by bornloser
Fri Apr 19, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2693

Re: Roth conversions, taxes, and social security

Thanks for all the advice. Have some planning to do! Yes, Chris, the 150-200k estimated from an RMD calculator with conservative return estimate.
by bornloser
Thu Apr 18, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 16037

Re: In Laws Retirement Nest Egg

To the OP, great attitude for ignoring the snarky posts. They may or may not have enough, that is planned well enough, to cover their retirement expenses> What is most important is that you and your significant other are on the same page in regards to what is our plan if they do run out of money. Th...
by bornloser
Mon Apr 08, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2693

Re: Roth conversions, taxes, and social security

Yes, nontaxable around 2.9 and consisting of 500k series I bonds, munis, and index stock funds. Tax deferred mainly bonds, per recommended Boglehead strategy. Get about 36k/year qualified dividends from Taxable. So yes, I guess the higher SS tax may be unavoidable and mainly looking to decrease top ...
by bornloser
Sun Apr 07, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2693

Re: Roth conversions, taxes, and social security

Thanks for all the advice. I'll try to max conversions early on. Courtesy of this forum, I had recently become aware of Medicare IRMAA. Income too high for any ROTH conversions while working full time. So many moving parts when it comes to planning for Medicare, SS and RMDs, aargh!
by bornloser
Sun Apr 07, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2693

Roth conversions, taxes, and social security

I’m 55, spouse 56. Will retire from full time work at 57, hope to part time (½ time or less) for several years mainly to gradually transition from my career and for health insurance. Have 2.9M total in tax sheltered accounts (wife IRA, my 403b,457,401k). Will likely continue to add to 401k up to age...
by bornloser
Wed Apr 03, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: I think we're FIRE in 8 or 9 years, feedback?
Replies: 15
Views: 2258

Re: I think we're FIRE in 8 or 9 years, feedback?

Congratulations on the savings, not uncommon Boglehead accumulator numbers. Not going to comment on the feasibility of your plan but want to add that early retirement is very possible if you have a plan and start the macro tuning in your 40s, which you are doing. As an aside my numbers were only sli...
by bornloser
Sat Mar 30, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 10571

Re: I would like a boat. I also know nothing about boats

Have read back thru the responses and for my boating experience (20 plus years), I completely disagree with the "Debbie Downers". As you have stated, you have a lakefront house with a dock and desire to boat. The work involved in trailering and launching a boat is the big reason people buy a boat an...
by bornloser
Tue Oct 16, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 21873

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Hats off to a good discussion, typical Bogleheads erudite, analytical, etc. I enjoy many other financial forums such as Mad Fientist, WCI, Early Retirement Now as well. One comical point that comes up not infrequently on some of the other sites is the over-thinking, over-planning and over-stressing ...
by bornloser
Tue Sep 25, 2018 8:24 am
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10193

Re: Im going to die somewhere between Bankruptcy and $20 million

Age 33, Boglehead and 750k invested assets. Nothing short of amazing. Pat yourself on the back and keep it up!
by bornloser
Tue Jan 30, 2018 1:16 pm
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 7
Views: 1043

Re: Rollover IRA to 401k

Thanks for the replies. I was told by the trustee of the IRA that the 401k plan would issue a 5498 form to the IRS, but if not I guess I will send in an explanation to the IRS on my 2018 taxes explaining the rollover.
by bornloser
Mon Jan 29, 2018 11:14 am
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 7
Views: 1043

Rollover IRA to 401k

Have decided to clean up some IRAs and get them out of IRA status by transferring to my current 401k provider (they accept IRA rollovers). I'm doing this in order to pursue backdoor Roth IRA and simplify Roth conversions later on during retirement (from a 403b and government 457 plan). I have been a...
by bornloser
Thu Jun 15, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1161

Re: 529 transfer

Both about plan fees and expense ratios. Have finished contributing to my childs 529, receiving a state tax deduction each year I contributed. Now trying to get fees lower since she has 5 years until college and may get scholarships and go to grad school, so this could stretch out for quite a while....
by bornloser
Thu Jun 15, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1161

Re: 529 transfer

Well I was hoping for any input on this, even any input on the pros/cons of the Vanguard 529 plan?
by bornloser
Wed Jun 14, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1161

529 transfer

Finally getting around to the process of transferring 13 y.o. daughters 529 from MS to Vanguard. TIAA CREF runs the program and fees are not horrible, but certainly not as low as the Nevada/Vanguard plan. I am directed to the online Vanguard site to open an account (but the site is down?). MS does n...
by bornloser
Fri Apr 14, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 3447

Re: Hearing aids: has anyone used a CROS hearing aid?

If you in fact have moderate to severe or greater hearing loss in the one ear, I would investigate cochlear implants. CI technology has greatly improved over the last several years and the indications will continue to increase. Take a look at the facebook Cochlear Implant group and you will be amaze...
by bornloser
Sat Jan 07, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 10021

Re: Doctors and retirement

Practicing medicine for about 20 years and surrounded by colleagues with similar income levels, I've seen a number of financial paths taken that include all those mentioned. And I agree with Vencat, to each his own. However, I have witnessed another path that I consider very sad and depressing: the ...
by bornloser
Fri Oct 21, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When have you given enough?
Replies: 65
Views: 8695

Re: When have you given enough?

My standards for 'financially supportive parent' is: 1. Raise your kid in a healthy and safe environment 2. Pay for his college 3. Support yourself in retirement instead of mooching off your kid If you hit all 3 I don't think there's any reasonable cause for complaint if inheritance is $0. You did ...
by bornloser
Fri Oct 21, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: When have you given enough?
Replies: 65
Views: 8695

Re: When have you given enough?

Good topic and enjoyed reading the personal experiences with how to handle this. My wife and I came from very modest financial backgrounds and have worked our tails off to get to a place where we could retire early mid/late 50s. All 3 kids have college completely paid for and one slightly used car f...
by bornloser
Fri Dec 19, 2014 3:10 pm
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 2371

Re: Denver area ski in/out lodging?

I have planned many ski trips and rarely been to the same area twice, so a new adventure each time and a lot of work and stress. I always made sure our location was within 50-100 yard of a lift that had "friendly" runs for all. Each time I planned a ski trip it was a ton of work, checking and rechec...
by bornloser
Mon Dec 15, 2014 5:37 am
Forum: Personal Consumer Issues
Topic: Oregon wine tour
Replies: 5
Views: 933

Re: Oregon wine tour

Thanks for the input. Didn't realize there were so many options. Wife is excited but says we may have to take our girls (10 and 18), so that may change things up a bit.
by bornloser
Sun Dec 14, 2014 11:34 am
Forum: Personal Consumer Issues
Topic: Oregon wine tour
Replies: 5
Views: 933

Oregon wine tour

Live in the southeast U.S., spouse and I enjoy wine but for the record I have a cave-man palate. Would like to plan a low stress, no fru fru wine tour trip for the two of us. Would appreciate any thoughts, ideas and personal experience with this.
by bornloser
Mon Sep 29, 2014 10:06 am
Forum: Personal Finance (Not Investing)
Topic: startup 401k
Replies: 4
Views: 500

Re: startup 401k

This is in regard to termination of employment, not an in service withdrawal. When I called Employee Fiduciary, they inferred that most choose a lump sum as the only option...but I didn't bring up the Roth conversation pathway with them. Thanks.
by bornloser
Mon Sep 29, 2014 7:27 am
Forum: Personal Finance (Not Investing)
Topic: startup 401k
Replies: 4
Views: 500

startup 401k

Filling out the forms for our small business 401k startup, I am asked Will the lump sum form of distribution be the plan’s sole form of distribution?  No  Yes If no, optional forms available:  Partial payments  Installments Wouldn’t I want to choose “No” and “Partial Payments” options if I wante...
by bornloser
Sat Sep 06, 2014 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 3879

Re: Trying to get my company to switch to Vanguard 401(k)

+1 on Alskars post. I can soooo identify with your frustration. I have recently concluded a very lengthy investigation of our small company (around 10 persons) 401k fees and convinced our company to go with Employee Fiduciary out of Mobile, AL. They are a very low cost TPA (like Ascensius), very tra...
by bornloser
Sat Sep 06, 2014 9:26 am
Forum: Investing - Theory, News & General
Topic: Peter Lynch was wrong
Replies: 64
Views: 10173

Re: Peter Lynch was wrong

Peter Lynch obviously bright guy. Loads of Ivy League graduates in the finance industry, many of them working with actively managed funds...obviously all bright people. But if they were all flipping coins surely some would flip heads multiple times in a row. I'm not suggesting that Lynch's run with ...
by bornloser
Wed Sep 03, 2014 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 35
Views: 4482

Re: Help Please: Retirement plan vs. Higher Salary

Congratulations on the good job offer. Although the debt scares the bejeebies out of me (and should you too), I would choose the money purchase plan AND keep expenses low for the first several years and get that debt monkey off your back. I have some experience with MP pension plans since I have con...
by bornloser
Mon Aug 25, 2014 4:22 am
Forum: Personal Finance (Not Investing)
Topic: S corp and HSA
Replies: 1
Views: 727

Re: S corp and HSA

Well I'm going to call our CPA today. Was hoping some of the accountants are those who own an S corporation would weigh in on this.
by bornloser
Sun Aug 24, 2014 8:56 am
Forum: Personal Finance (Not Investing)
Topic: S corp and HSA
Replies: 1
Views: 727

S corp and HSA

Small physician group with S corporation. Own more than 2% of business. We get W-2s and dividends from the S corp. Would like to utilize an HSA and I understand that we cannot use the administration fees as a business expense and we each have to use the deduction on our individual 1040 returns. We a...
by bornloser
Wed Aug 20, 2014 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k small business...help me
Replies: 0
Views: 421

401k small business...help me

The continuing saga of converting my small physician group from a money purchase plan to low cost 401k plan. After another meeting tonight interviewing Edward Jones (boo, hiss), I'm about 99% sure the group is going to vote to go with Employee Fiduciary, probably not using a separate advisor, just c...
by bornloser
Mon Aug 04, 2014 12:08 pm
Forum: Personal Investments
Topic: Wife's 403(b)
Replies: 12
Views: 1125

Re: Wife's 403(b)

403b to IRA conversions are easy, but I've always already had accounts at Vanguard when I did this and I have done this for several 403 accounts for me and my wife as well. Bear in mind you don't have to convert to an IRA. If the fees are low, it's probably okay to leave it at TRP. I would also look...
by bornloser
Mon Aug 04, 2014 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 12135

Re: How many families use 529 plans?

Sorry for interjecting the controversial note. You are probably correct in that kids probably don't need any financial help after age 18 for college. And I agree that many persons have been launched successfully in the US after economic boom after WWII without parental help, so certainly they can do...
by bornloser
Mon Aug 04, 2014 7:12 am
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 12135

Re: How many families use 529 plans?

This thread is making me twitch. When your kids are young, you think you have all the time in the world to save for college. You read threads like this, Suze Orman, Dave Ramsey, etc. and agree with everyone who writes that you can't take out a loan to pay for retirement. Believe me, I get it. I dra...