Search found 40 matches

by socraticbogler
Thu Jul 05, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Gift Reserve Funds
Replies: 1
Views: 263

Charitable Gift Reserve Funds

Hi - I noticed that New York is offering a Charitable Gift Reserve Fund to enable people to pay into that instead of paying state taxes, and thus help people get around the new non-deductibility of state taxes. https://www.taxpolicycenter.org/taxvox/how-new-york-state-responded-salt-deduction-limit ...
by socraticbogler
Thu Jul 05, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to start a private non-operating charitable foundation
Replies: 2
Views: 299

Looking to start a private non-operating charitable foundation

Hi - I'm looking for advice on starting a private, non-operating foundation (in New York) There are some large institutions which will do this for around $6000 - $7000, and then charge another $10-12,000 / year to file taxes and manage the distribution of funds. This feels high to me, especially sin...
by socraticbogler
Sat Jun 30, 2018 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: still confused about bond funds
Replies: 11
Views: 1313

Re: still confused about bond funds

great advice, especially on putting bonds in tax advantaged accounts.

Thanks!
by socraticbogler
Sat Jun 30, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: still confused about bond funds
Replies: 11
Views: 1313

still confused about bond funds

My overall portfolio has 21% cash, and I have been meaning to figure out for a while whether to move some of this into bonds. I'd love to understand how you all would recommend someone like me thinks about bonds. I understand that it's a different asset class and therefore adds general diversificati...
by socraticbogler
Thu May 31, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 14718

Re: Have $3m at 33, "approach to career" advice needed

Hey - I was also in this situation many years ago, and I chose to keep working. Really glad I did, for a bunch of reasons: - I continue to learn a lot from working. - I needed more money than I thought (aging parents, more childcare help than I thought) To my surprise, figuring out how to manage the...
by socraticbogler
Thu May 24, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Eaton Vance?
Replies: 3
Views: 661

Eaton Vance?

A friend of mine mentioned to me that they are considering using Eaton Vance's financial advisory service... I know most people in this group are critical of financial advisors in general, so I figured it would be a good place to get real feedback... Are they good? Are most (reputable) financial adv...
by socraticbogler
Fri Mar 09, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up health insurance for a nanny
Replies: 0
Views: 293

Setting up health insurance for a nanny

Hi - I'm looking for a way to set up health insurance in New York for a nanny / cleaner that I'd like to hire. Would appreciate any tips from people who has done this, including agencies that can arrange this sort of thing, and also links to resources that can help me figure this out.
by socraticbogler
Mon Feb 12, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 10152

Re: Tenants want to break lease early and is pregnant

Good for you for letting them out of their lease. It was the right thing to do.
by socraticbogler
Sun Feb 11, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Financially secure, horrible workplace but just can't FIRE
Replies: 55
Views: 8096

Re: Financially secure, horrible workplace but just can't FIRE

It seems like you really care about the purpose of what you do. I agree with the person that said, reach out to your former colleagues and see where they landed.
by socraticbogler
Sat Jan 20, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9153

Re: Lost money through Bitconnect scam - learned my lesson

Hey - don't be too hard on yourself. You're 34, you have a lot of time to build savings and wealth. I've lost money on emotional investments, too, as have most of the people on this forum. It's all good tuition to remind us to be skeptical about this sort of thing. But in the grand scheme of things,...
by socraticbogler
Mon Jan 08, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 108
Views: 9922

Re: The reality hits - my dementia update

Wow - thank you for sharing your story. I hope you keep as much of your mental facility as you can for as long as possible.
by socraticbogler
Mon Jan 08, 2018 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: A newb question about using Fin planner
Replies: 43
Views: 1937

Re: A newb question about using Fin planner

Yeah, I agree with Watty. It's tempting to think you can find someone to manage your money for you. I've now looked for 5+ years for someone that I felt would really add value to my finances, and I haven't found one yet. Consider just buying a US broad stock index fund (like SCHB or VTI) and an inte...
by socraticbogler
Wed Dec 20, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 72
Views: 9114

Re: Year end review with less nerdy spouse

My system is pretty similar to Sandy_k's. I put together a Google sheet that we share... It lists all of our accounts, and for each account lists all of our holdings, and it uses Google Spreadsheet's finance functions to auto-query the current price of any particular holding... Sort of like this: TA...
by socraticbogler
Sun Nov 26, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36633

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Me neither. I've definitely interviewed a lot, thinking one day I'll find the right one, but I don't trust anyone to gamble with my money, and I don't believe it's necessary to establish responsible portfolio allocations.
by socraticbogler
Sun Nov 26, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 1051

Re: Help my kids pick a charitable cause

Consider kiva.org - it's a micro-lending site that allows people to lend money (interest free) to entrepreneurs in other countries, and you can allocate the funds in $25 chunks. I do this with my kids and they love it... You can loan money to beekeepers, retailers, etc.
by socraticbogler
Sun Nov 12, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 9725

Re: $23k credit card emergency

Hey - just wanted to let you know I've been there, too. Main advice: embrace the excuse to simplify your life. It really does get better over time, but the path to that is to keep it simple, work hard, be frugal, and feel good every time you say no to something you don't really need.
by socraticbogler
Sun Aug 20, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a job as a software developer?
Replies: 58
Views: 8766

Re: How to get a job as a software developer?

So, did you get a job as a software developer?
by socraticbogler
Wed Aug 09, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: MUB / Bonds
Replies: 12
Views: 1066

Re: MUB / Bonds

Thanks, everyone. Really helpful.
by socraticbogler
Wed Aug 09, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: MUB / Bonds
Replies: 12
Views: 1066

MUB / Bonds

Hi - I have a significant amount of cash outside of my emergency fund, that I'm hoping to use to buy a home sometime in the next two years. Is there any reason not to transfer it all to MUB? Or, also - is there a better low-risk bond fund? Also - is there a tool to see the overall returns for someth...
by socraticbogler
Thu Jul 23, 2015 1:22 am
Forum: Personal Finance (Not Investing)
Topic: How to get a job as a software developer?
Replies: 58
Views: 8766

Re: How to get a job as a software developer?

I'm a software developer in Silicon Valley. My advice is build a mobile app (iOS or Android... whatever you have). I think mobile apps are a good way to get started.
by socraticbogler
Sun Jul 19, 2015 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Really Need a Financial Advisor?
Replies: 44
Views: 4632

Re: Do I Really Need a Financial Advisor?

One more thought: financial advisors *do* provide value to *some* people. The value they provide if they're good is: (a) they will balance your portfolio across different asset classes, and (b) they will not sell when the market crashes or try to time the market in general. My advice is: dump your f...
by socraticbogler
Sat Jul 18, 2015 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Really Need a Financial Advisor?
Replies: 44
Views: 4632

Re: Do I Really Need a Financial Advisor?

+1 to all of the above. I personally follow the boglehead playbook pretty closely in a schwab account and feel really good about it.
by socraticbogler
Sat Jul 04, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: FDIC insurance / SIPC insurance / etc.
Replies: 6
Views: 789

FDIC insurance / SIPC insurance / etc.

Hi - I've learned a log from browsing this forum over the years, so in advance of my questions, thank you all. Question: I have a significant amount of cash in my portfolio, and the Greek crisis has now started to cause me to be concerned about FDIC insurance limits. I have friends who spread their ...
by socraticbogler
Fri Jul 04, 2014 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Combining finances - gift tax?
Replies: 15
Views: 1118

Re: Combining finances - gift tax?

I think you *do* have to worry about creating a joint bank account before you're married. I'd just wait.
by socraticbogler
Tue Apr 22, 2014 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring early - tell me what I've missed
Replies: 42
Views: 6899

Re: Thinking about retiring early - tell me what I've missed

My advice: instead of radically changing your life, first just try taking more time off.
by socraticbogler
Tue Apr 22, 2014 11:47 pm
Forum: Personal Consumer Issues
Topic: Can my computer hear me?
Replies: 54
Views: 11954

Re: Can my computer hear me?

Hey donall - I can assure you that your computer can't hear you and isn't processing sound for the purposes of ad targeting. :)
by socraticbogler
Wed Mar 26, 2014 12:54 am
Forum: Personal Finance (Not Investing)
Topic: our renters want to buy our rent house
Replies: 20
Views: 3163

Re: our renters want to buy our rent house

I wouldn't do that. It's not in their best interest, and in the long-term they'll realize it and it will harm their relationship with you. Just give them a discount that is 50% of the commission you save from bypassing a realtor and selling it to them...
by socraticbogler
Fri Mar 21, 2014 9:41 am
Forum: Investing - Help with Personal Investments
Topic: What is the best way to invest in California municipal bonds
Replies: 7
Views: 1175

What is the best way to invest in California municipal bonds

What is the best way to invest in short-term and medium-term california municipal bonds? (what index fund would you recommend, or would you recommend a managed fund?)

Thanks...
by socraticbogler
Sat Mar 15, 2014 1:27 pm
Forum: Personal Consumer Issues
Topic: Financially prepare for baby on the way...
Replies: 82
Views: 16944

Re: Financially prepare for baby on the way...

Wow. Lots of advice here. My additions: 1. Buy lots of used clothes. Most areas have parent organizations that have sales. Babies outgrow things so quickly that used clothes are mostly not worn much. Find the sales in your area sponsored by parent organizations. It feels so good to buy 10 nice outfi...
by socraticbogler
Fri Mar 14, 2014 11:28 pm
Forum: Personal Consumer Issues
Topic: Cousin's Wedding
Replies: 53
Views: 5172

Re: Cousin's Wedding

$500 will be a rounding error in the course of your career. Don't worry about it, and go to the wedding.
by socraticbogler
Fri Mar 14, 2014 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: $175k student loan is paid off!
Replies: 21
Views: 2382

Re: $175k student loan is paid off!

Congratulations! I remember when we paid off our school loans. It's such deep pride... :)
by socraticbogler
Wed Mar 12, 2014 12:18 am
Forum: Investing - Help with Personal Investments
Topic: Bond fund that re-invests dividends...
Replies: 6
Views: 998

Bond fund that re-invests dividends...

Hi, I'm having a difficult time understanding the logistics behind investing in bonds, and I hope someone on this forum can help. 1/ Looking at bond funds (MUB, LQD, EMB for example), it seems like the ones I see pay dividends. But, from a tax perspective, I'd rather the dividends stay in the fund, ...
by socraticbogler
Mon Feb 17, 2014 3:25 am
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 mil inheritance?
Replies: 74
Views: 10041

Re: How to invest $1.4 mil inheritance?

I had a similar windfall recently and appreciate this thread. Thoughts: - I looked into long term care insurance and decided it was too expensive to benefit us (so, we'd effectively self-insure). - You probably already know this, but you can set up a "Donor Advised Fund" if you want to set aside mon...
by socraticbogler
Thu Feb 06, 2014 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor - This good so far?
Replies: 46
Views: 4717

Re: Financial Advisor - This good so far?

Just read the thread, and I want to chime in because I've had similar questions... I probably have the least experience giving financial advice on this thread, so take my comments more as my own personal experience than what you should do. One personal experience: I wanted someone to help me choose ...
by socraticbogler
Mon Aug 19, 2013 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Why include bond funds in a portfolio
Replies: 18
Views: 2954

Why include bond funds in a portfolio

Hey, I don't understand why I would include bond funds in my portfolio at all... (such as the three-fund lazy portfolio recommended in the wiki). If interest rates go up (which I think is inevitable), bond funds will go down. So, while in a normal economy with higher rates, bond funds would make sen...
by socraticbogler
Mon Jul 22, 2013 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Lumpsum placement now?
Replies: 6
Views: 866

Re: Lumpsum placement now?

Thanks everyone... Sound advice. :)
by socraticbogler
Sun Jul 21, 2013 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Lumpsum placement now?
Replies: 6
Views: 866

Lumpsum placement now?

Hey, I know traditional wisdom is that you just place a lumpsum and don't think about market timing. Would anyone hesitate to place a lumpsum in the market now? (given the recent high of the market)