Search found 253 matches

by linguini
Fri Apr 14, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 55
Views: 7232

Re: Anyone else decided not to finish med school?

He may feel like a failure, but he absolutely isn't. What he is realizing is super common , and it's actually a good thing he realized it so early on. If he's already feeling burned out in the first couple years and like he doesn't get enough time with his spouse, then it probably won't get any easi...
by linguini
Tue Apr 04, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 26756

Re: Low-earners- What is your profession?

I'm a surgeon in private practice for 30 years. Used to be a "high earner". Last 2 years I couldn't even take a paycheck to keep my practice afloat. Obamacare is ruining us. Most young doctors want to go and work for a hospital or network for a fat salary right out of training, and I can'...
by linguini
Mon Apr 03, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: IS 200k household income "middle income" these days? Has that threshold increased?
Replies: 42
Views: 3380

Re: IS 200k household income "middle income" these days? Has that threshold increased?

$200-250k definitely isn't middle class, not even in places like Manhattan or San Francisco. That's solidly upper-middle class, bordering on upper class depending on which definition you use. What if someone makes $200k and lives in a low cost of living area and spends $50k a year and saves the res...
by linguini
Mon Apr 03, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 5267

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

Wife and I are 35 years old. I'm trying to think about, and plan for, retirement, but I'm having a hard time wrestling with social security benefits. Based on current projections, our social security earnings at full-retirement-age would provide approx 55-65% of our current expenses (I imagine our ...
by linguini
Wed Mar 08, 2017 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes going up for some in 2017
Replies: 46
Views: 5730

Re: Social Security Taxes going up for some in 2017

Most people also don't live in areas with insane cost of living. Think 10%-ish state taxes, 3k/mo for a 1br apartment, etc. The costs and income scale, but the social security taxes assume a very different reality. As a New York resident currently in that income range, I would seriously advise anyo...
by linguini
Fri Aug 26, 2016 3:33 pm
Forum: Personal Consumer Issues
Topic: Should I replace my Samsung Galaxy S4?
Replies: 43
Views: 3653

Re: Should I replace my Samsung Galaxy S4?

Honestly, if you like what you have, just keep it until it runs down. You are getting immense value if the phone you really want is only worth $50 and you plan to use it for another year or two. I know you're worried about your $50 phone becoming a $0 phone, but its value will probably drop slower t...
by linguini
Tue Sep 08, 2015 7:07 pm
Forum: Investing - Theory, News & General
Topic: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?
Replies: 25
Views: 3698

Re: Are TIPS really inflation protected, if 1% return does not make up for 1% inflation?

It is interesting that one rarely hears talk of the real taxation rate. I am quite sure that the average person on the street does not know they are paying taxes on returns that only kept them even with inflation. Twas ever thus, and also, one could make the argument that the government needs what ...
by linguini
Tue Sep 08, 2015 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Post your current employer retirement plan! (if any)
Replies: 94
Views: 11195

Re: Post your current employer retirement plan! (if any)

I work for a professional sports league. 401(k) : No matching. We have a mix of high and low ER funds, including Fidelity spartan funds (S&P 500, extended market, and short term bonds) which is where I put most of my contributions to this account, with a small remaining amount going to a stable ...
by linguini
Sat Aug 22, 2015 10:25 am
Forum: Investing - Theory, News & General
Topic: Buying a SPIA Joint Life or 2 Single Life SPIAs
Replies: 7
Views: 758

Re: Buying a SPIA Joint Life or 2 Single Life SPIAs

My first answer is that it is all about insurance against the event of the death of one of you. Doesn't it look like there is a good reason why one might take the lower payout to not have the income of the survivor take a drastic hit? The consideration here is what will be the income need of the su...
by linguini
Sat Aug 22, 2015 9:52 am
Forum: Investing - Theory, News & General
Topic: Buying a SPIA Joint Life or 2 Single Life SPIAs
Replies: 7
Views: 758

Re: Buying a SPIA Joint Life or 2 Single Life SPIAs

My first answer is that it is all about insurance against the event of the death of one of you. Doesn't it look like there is a good reason why one might take the lower payout to not have the income of the survivor take a drastic hit? The consideration here is what will be the income need of the su...
by linguini
Fri Jul 17, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Obamacare and out of state student
Replies: 3
Views: 486

Re: Obamacare and out of state student

You need to check with each of the policy providers to determine how benefits would be coordinated with your daughter on both plans. Call the number on the back of your health insurance card to ask them how it works, and also look up the university's health plan and find a number for a coordination ...
by linguini
Sun Mar 22, 2015 5:20 pm
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 87
Views: 10210

Re: Laptop: Windows based vs. Apple

I'll admit that I don't get Windows 8. It looks like MS thinks EVERYONE has a touchscreen/Tablet? Every time I hit the "windows" key on the 4-5 Win 8 machines I've tried, it goes alternatively to the "charm" screen and then to the "main screen", but no longer has a sta...
by linguini
Sun Mar 22, 2015 10:37 am
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 87
Views: 10210

Re: Laptop: Windows based vs. Apple

Discussion threads where Windows users are contemplating a switch to the Mac environment are common. I don't ever remember seeing one from a Mac user thinking about moving to Windows. I made a reverse-switch of sorts. I figure the reason people like me who switch from Mac to Windows don't make a pu...
by linguini
Thu Jan 08, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: myRA is now open
Replies: 37
Views: 5289

Re: myRA is now open

If Vanguard had a money market account earning 2% a year, we would all be clamoring to be the first to invest in it in our Roth IRAs, even if we were required to move it to another fund after it reached $15k. And I get that $15k may not be life-changing to most bogleheads in the grand scheme of thi...
by linguini
Thu Jan 08, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: myRA is now open
Replies: 37
Views: 5289

Re: myRA is now open

And I get that $15k may not be life-changing to most bogleheads in the grand scheme of things, but when you reach that $15k you just roll the MyRA into your existing Roth IRA, which doesn't seem like some sort of onerous activity to me when you consider that half the forum is opening and closing a ...
by linguini
Wed Dec 24, 2014 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Voya 401(k)'s insanely high ER's on Vanguard funds
Replies: 39
Views: 18116

Re: Voya 401(k)'s insanely high ER's on Vanguard funds

My wife's 403b: You pay the expense ratio of the Vanguard fund PLUS .9%......and that's the cheapest option in her entire plan! The.....ahem....financial planner that is assigned to her is a complete moron that keeps offering bad advice even though I tell him I don't need or desire financial advice...
by linguini
Fri Dec 19, 2014 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: myRA is now open
Replies: 37
Views: 5289

Re: myRA is now open

OP: For the reasons you outlined, the myRA has limited appeal. (Takes away your Roth IRA or Traditional IRA space and has a cap of $15K). The only reason to use it is simplicity for a beginning investor, and is it that much simpler than an IRA? Even if you think the G Fund is magical, you can only ...
by linguini
Sat Oct 04, 2014 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care/ACA question about losing coverage
Replies: 19
Views: 2003

Re: Health Care/ACA question about losing coverage

I think if this continues much longer I will contact the CA insurance commissioner. Contact the insurance commissioner today. You might be surprised at how quickly Kaiser figures out how to start your coverage October 1. I agree with this. The insurance commissioner is there to take care of this so...
by linguini
Fri Oct 03, 2014 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Health Care/ACA question about losing coverage
Replies: 19
Views: 2003

Re: Health Care/ACA question about losing coverage

What state do you live in? If Kaiser does not pay a claim which they are legally required to settle, you can seek external review of the denied claim through your state's department of insurance. Do you have documentation demonstrating that you applied for coverage beginning on October 1?
by linguini
Wed Sep 24, 2014 7:54 am
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 10612

Re: Stubbornly Non-Boglehead Husband. What To Do?

Your husband has a gambling problem, and like everyone with a gambling problem, he doesn't see it as a problem. But like others I don't see much you can do. Just keep investing half in index funds. As long as he doesn't gamble more than his half through the use of leverage. Good point. This is a ma...
by linguini
Wed Sep 24, 2014 7:46 am
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 10612

Re: Stubbornly Non-Boglehead Husband. What To Do?

Your husband has a gambling problem, and like everyone with a gambling problem, he doesn't see it as a problem. But like others I don't see much you can do. Just keep investing half in index funds.
by linguini
Wed Sep 03, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Debt, by cashing in Retirement account?
Replies: 25
Views: 2753

Re: Pay off Debt, by cashing in Retirement account?

Whatever taxes and early withdrawal penalties you pay for cashing out the retirement account will probably be larger than the interest you would be paying.
by linguini
Wed Aug 27, 2014 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Establishing "Small Business" and Cheating IRS?
Replies: 11
Views: 1713

Re: Establishing "Small Business" and Cheating IRS?

Has this acquaintance ever turned into a friend? If not, retain counsel. Then visit: m "If the IRS uses information provided by the whistleblower, it can award the whistleblower up to 30 percent of the additional tax, penalty and other amounts it collects." Wow. Straight out of Orwell's &...
by linguini
Thu Jul 24, 2014 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 8472

Re: Rich Spouse, Poor Spouse

Thank you everyone who has tried to help. Let's do an example Beer Spouse: 50k salary income Champagne Spouse: 500k realised capital gains What do we do? If both spice just had salary income, I think I would work out the tax on 2x50k if MFJ and each would pay half of that, and champers spouse would...
by linguini
Tue Jul 22, 2014 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 2212

Re: Buying in ok neighborhood vs good neighborhood

No way I'm paying 620K (or 400K or zero K) to be 8 blocks from an area with Your words): Burglary and theft from motor vehicle Retail theft burglary to garage or apt Armed robbery Aggravated assault. At least I don't see murders on the list. But still. Are you kidding? I don't know, I just pulled u...
by linguini
Tue Jun 24, 2014 1:40 pm
Forum: Investing - Theory, News & General
Topic: An Argument for Long Term Treasury Bonds
Replies: 62
Views: 9182

Re: An Argument for Long Term Treasury Bonds

This is correct. When the economy does poorly, stocks lose market value and interest rates for safe treasury bonds go down, driving up their market value. So stocks and long term treasuries tend to have an inverse relationship.
by linguini
Thu May 29, 2014 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would you work without pay?
Replies: 63
Views: 5372

Re: Would you work without pay?

livesoft wrote:
KyleAAA wrote:Are you referring to volunteering? Then yes, I would volunteer.

Actually, I was really referring to drug companies giving away their drugs for free to people with infectious diseases or with cancer.

Like pharmaceutical assistance programs? I'm not sure how that is related to working without pay. :confused
by linguini
Thu May 29, 2014 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Would you work without pay?
Replies: 63
Views: 5372

Re: Would you work without pay?

I would not work for less than is required to support myself and my family. But I also volunteer in my spare time by applying the same work skills I use in my career to charitable organizations. After I have a suitably large enough income stream through investments, I would love to "retire"...
by linguini
Thu May 29, 2014 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Int'l travel & Fidelity card experiences?
Replies: 20
Views: 5110

Re: Int'l travel & Fidelity card experiences?

It sounds like the rep is describing fees that are not charged by Fidelity, but are charged by other banks for using their ATMs, and Fidelity will reimburse your account for the fees charged by the other banks. You would not be paying fees to Fidelity. And it sounds like there are two separate rules...
by linguini
Mon May 12, 2014 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Is my 401k boat Setting Sail for FAIL??
Replies: 31
Views: 2226

Re: Investing in the Frey!! Please HELP

For the Roth IRA question about using a taxable brokerage account to increase contributions, you should not be investing in a taxable brokerage account to grow your Roth contributions. Instead, just immediately put the money in the Roth IRA and it will grow there instead of in the taxable account. I...
by linguini
Sat May 10, 2014 6:05 am
Forum: Investing - Theory, News & General
Topic: Efficient market theory - not
Replies: 13
Views: 1645

Re: Efficient market theory - not

We would avoid a lot of unnecessary confusion if it were just called market unpredictability instead of market efficiency.
by linguini
Tue May 06, 2014 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement conversation with fiancée
Replies: 13
Views: 2231

Re: Retirement conversation with fiancée

My wife, when she was just my fiancee, hated talking about money or investing and had all her money in a savings account. I forced her to listen to a ten minute summary of investing basics with brief descriptions of benefits and risks to make sure I had informed consent, then set up a Roth IRA with ...
by linguini
Tue Apr 29, 2014 3:55 pm
Forum: Personal Consumer Issues
Topic: Seattle and Portland, OR restaurant recommendations
Replies: 31
Views: 2081

Re: Seattle and Portland, OR restaurant recommendations

There was a Sichuanese restaurant with delicious unlimited meat hot pot in the international district, I think this place: m I lived in Bellevue (suburb of Seattle), and my favorite restaurant was this small Taiwanese place with delicious shaved ice. There was also a pretty good dumpling place at th...
by linguini
Thu Apr 24, 2014 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Buying no load Vanguard mf's...is there always a fee
Replies: 22
Views: 2497

Re: Keep investing simple.

Do most here who hold VG funds have an account at VG ? Luberhill: Since 1986 we held all our funds with Vanguard directly (no brokerage account). It works beautifully. We spent less than an hour a year managing our accounts. My wife of 62 years died last May. Vanguard re-titled our funds and our ac...
by linguini
Wed Apr 23, 2014 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 20925

Re: POLL: why carry cash?

1) Why would you buy from a vending machine? If the goal is to save money, bring a bottle, found a fountain, something. If you get something other than drinks from a vending machine, the same principle applies. Overpriced goods. I don't know, that is probably pretty situational. I buy 50-cent cans ...
by linguini
Mon Apr 21, 2014 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 20925

Re: POLL: why carry cash?

I carry cash because a lot of the restaurants in Manhattan near where I work do not accept credit or debit cards. I am pretty ambivalent about either and feel that in general they take about the same amount of time (it is almost always less time to pay in either credit or cash then it is to ring up ...
by linguini
Mon Apr 21, 2014 1:35 pm
Forum: Personal Consumer Issues
Topic: 3-prong to 2-prong for laptop? & overseas?
Replies: 13
Views: 3381

Re: 3-prong to 2-prong for laptop? & overseas?

Software person here (but I have worked with ee's for decades ) - the 3 prong adapter will almost certainly ground the power brick only - not the computer. If there is a wiring fault in the brick (very unlikely) the ground is nice to have - that being said I have used my 3-prong Lenovo brick with a...
by linguini
Mon Apr 21, 2014 9:23 am
Forum: Personal Consumer Issues
Topic: 3-prong to 2-prong for laptop? & overseas?
Replies: 13
Views: 3381

Re: 3-prong to 2-prong for laptop? & overseas?

There are two things you have to look out for: the voltage and the plug type. Laptop chargers almost always take a wide range of voltage and work fine for any standard. Italy will probably be somewhere in the 220V range which should work fine. You will need a europlug adapter, which should take in a...
by linguini
Tue Apr 15, 2014 9:42 am
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 9286

Re: The slackening...

prudent wrote:I have noticed a trend that some people have no perspective on hardship. Such as:
Image


I have noticed a similar trend where some people interpret hyperbolic complaints as being literal. :wink:
by linguini
Tue Apr 08, 2014 3:08 pm
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 15003

Re: Why Americans are Retiring Overseas

I live abroad, and the vast majority of my expat friends did not move abroad for financial reasons. Several are much wealthier than me, and many of us could live pretty much anywhere on the planet if we wanted to, absent visa considerations. Although you can live anywhere on the planet, you cannot ...
by linguini
Fri Mar 28, 2014 7:14 pm
Forum: Personal Consumer Issues
Topic: Ancestry Tests
Replies: 19
Views: 2533

Re: Ancestry Tests

I used 23andme. It correctly pegged my ethnicity to the best of my awareness, which was not especially fascinating. However, much more interesting is that it also unexpectedly connected me with the illegitimate child of a close but deceased relative. We were both surprised to find out, but the story...
by linguini
Fri Mar 28, 2014 9:24 am
Forum: Personal Consumer Issues
Topic: good excel app for iPad?
Replies: 28
Views: 3110

Re: good excel app for iPad?

Excel is a registered trade mark of Microsoft. "Spreadsheet" is a generic name for the type of software. That's a good point to remember. I'm going to xerox several copies of it and scotch tape it to the wall. Or maybe I'll just write it on a post-it. I think I have some in the cabinet, n...
by linguini
Fri Mar 07, 2014 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 6279

Re: Joint or Separate Accounts? - Married Couples

I'm pessimistic and I'm not trying to start a debate, but I would take a hard look at divorce rates before making anything joint....... or getting married. There's my 2 cents. I'm out Individual accounts and joint accounts are both considered joint property in my state, and probably most states rea...
by linguini
Sat Mar 01, 2014 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 20954

Re: What was your dumbest financial decision?

I don't know if I would call it a mistake in the same sense, but I declined a very generous job offer about four years ago from a well known start up when it was still on the smaller side but clearly established and on the way up. If I had taken the job offer, the stocks would now be worth hundreds ...
by linguini
Wed Feb 26, 2014 4:42 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin price plunges
Replies: 246
Views: 25223

Re: Bitcoin price plunges

You can store them on exchanges...or you can store them on your computer, smartphone, hard drive, wherever you can store digital code. Just like cash, it is subject to theft or damage (but it can be backed up to prevent loss from hard drive failure). Yes but if bit coin is hacked how does the inves...
by linguini
Tue Feb 18, 2014 10:15 am
Forum: Investing - Help with Personal Investments
Topic: REAL inflation rate
Replies: 36
Views: 2461

Re: REAL inflation rate

How much is crystal Pepsi going for these days?
by linguini
Thu Jan 30, 2014 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance [Deceiving Us] - Incorrect Marketing & Training
Replies: 28
Views: 2602

Re: Insurance [Deceiving Us] - Incorrect Marketing & Trainin

I believe you are correct. I confirmed that the school district is self-insured. I have the actual 122 page policy now. It clearly states that the baby is AUTOMATICALLY covered for the first 31 days as long as the employee [my wife] had coverage on the date of baby birth (which she did). To continu...
by linguini
Thu Jan 30, 2014 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance [Deceiving Us] - Incorrect Marketing & Training
Replies: 28
Views: 2602

Re: Insurance [Deceiving Us] - Incorrect Marketing & Trainin

I would consider taking this to small claims court, honestly. You don't need a lawyer, just the willingness to show up. Get documentation of the hospital bills, the timing at which you added the child to your wife's insurance, the payments made by you, any communications (especially written) between...
by linguini
Thu Jan 23, 2014 8:08 am
Forum: Personal Consumer Issues
Topic: Dating - Best Way of Meeting People
Replies: 70
Views: 5165

Re: Dating - Best Way of Meeting People

One alternative to dating sites is to ask someone with single friends of a compatible gender and orientation to set you up.
by linguini
Sun Jan 12, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 91467

Re: High Earners - What's Your Profession?

100K isn't a high income in the New York area. I did however fit your criteria when I worked; averaged just over 100K a year. I retired as a sergeant from a large metropolitan police department. Everyone keeps telling me that 100k doesn't make you a high earner in New York, but my personal experien...