Search found 64 matches

by bigspender
Mon Jan 30, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Valor C.U. Merging with Pen Fed
Replies: 11
Views: 1112

Re: Valor C.U. Merging with Pen Fed

I have a serious question. I have about 230k with both valor CU and penfed CU for 3% cd's. Once they merge in two months how do I get under the 250k NCUA insurance. Does anyone have any good ideas?
by bigspender
Mon May 23, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp: How long do you trust your company?
Replies: 49
Views: 5770

Re: Deferred Comp: How long do you trust your company?

I also have concerns about these nonqualified plans. My plan is when I have a substantial amount in, saying 7 figures, I plan to buy way out of the money put options against the company so in the event they go out of business I'll collect on the put option Another strategy that I belive would work i...
by bigspender
Wed Nov 04, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Nonqualified plan
Replies: 13
Views: 1174

Re: Nonqualified plan

sure it is basically a nongovernmental 457b if you want to define it that way, this nonqualified plan. Sure I max the 401k, hsa, backdoor roth ira, ... I'mg getting 50 grand to put away yearly in this or I can just take the cash as a lump sum and pay taxes. Just curious how I insure myself against a...
by bigspender
Wed Nov 04, 2015 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Nonqualified plan
Replies: 13
Views: 1174

Re: Nonqualified plan

Nobody smarter than me has an opinion on this?
by bigspender
Wed Nov 04, 2015 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Nonqualified plan
Replies: 13
Views: 1174

Nonqualified plan

So my company is doing away with the profit sharing plan and is instead going to a nonqualified plan. We still have the 401k option. The one issue I have is if the company goes bankrupt it is unsecured and I would lose everything. What I was wondering is whether I should buy a put option for the com...
by bigspender
Fri Feb 13, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 174657

Re: Tesla S

I got one when it first came out. Sure it was about $100,000 after the rebate. I drive 50 miles each way to work and can charge at work or home and have a supercharging station close by. Just hit 100,00 miles on the car. Honestly, it's a reliable car. And I like the fact that I don't have to waste t...
by bigspender
Fri Apr 11, 2014 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds?
Replies: 2
Views: 730

Re: EE bonds?

Basically with an EE bond, hold for 20 years and you will average 3.53% per year. You can put up to 10k per year into them. A 30 year treasury is average 3.5% a year, so these EE bonds in comparison are probably a better deal. The only caveat with EE bonds is you need to hold them 20 years, otherwis...
by bigspender
Mon Mar 31, 2014 10:13 am
Forum: Personal Consumer Issues
Topic: credit report
Replies: 12
Views: 1273

Re: credit report

Yup, sadly never checked my score. Never really saw the need to as I own everything I need and have no need for credit.

Again, thank you so much for the help, I really appreciate it.
by bigspender
Mon Mar 31, 2014 7:57 am
Forum: Personal Consumer Issues
Topic: credit report
Replies: 12
Views: 1273

credit report

Hopefully someone can help me out with this one. I never checked my credit report and I need to check it for something. What is safest free way to do this where I don't need to share a credit card number. I just need to check it one time and print out the number from the big 3 for the FICO scores. T...
by bigspender
Sun Mar 09, 2014 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Money issues - people take me for granted
Replies: 74
Views: 6643

Re: Money issues - people take me for granted

You need to look after #1 first. I have a beautiful 2000 square foot apartment in Manhattan. Friends of friends don't get to sleep over. I own 2 cars. Basically, I have friends who are richer than me, so I'm never asked for anything. Last week, someone who I'm friends with who is richer than me who ...
by bigspender
Sun Mar 02, 2014 7:01 pm
Forum: Personal Consumer Issues
Topic: Time for a new car?
Replies: 26
Views: 1790

Re: Time for a new car?

Just a different thought. If you are driving 25,000 miles per year, you really need a safe and reliable car. If I were you, I would just get a base no option 2014 Toyota corolla brand new. That should easily last 200-300 thousand miles and easily will give you 8 to 10 years with no issues. Also, the...
by bigspender
Fri Jan 24, 2014 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 30 Year TIPS Ladder at Age 25 (Roth IRA)
Replies: 51
Views: 4374

Re: Starting a 30 Year TIPS Ladder at Age 25 (Roth IRA)

For the op, I honestly don't think it is a bad idea because of your age to have 30 year TIPS in your roth ira. I would also invest at least an equal amount of an indexed total stock market fund in your taxable account as capitol gains tax rates are low. Just so you know, there are minimum limits wit...
by bigspender
Wed Jan 22, 2014 6:02 pm
Forum: Personal Consumer Issues
Topic: Honda Fit
Replies: 35
Views: 4476

Re: Honda Fit

My Testla model s got the highest score ever in that test.

Go figure, sometimes you have to pay a little for safety.
by bigspender
Mon Jan 20, 2014 8:34 am
Forum: Investing - Theory, News & General
Topic: First time exposure to Dan Weiner's "1%"
Replies: 16
Views: 3944

Re: First time exposure to Dan Weiner's "1%"

Just got VIIX, got my expense ratio down to 0.02%, thanks for the heads up.
by bigspender
Sun Jan 05, 2014 10:33 pm
Forum: Personal Consumer Issues
Topic: Do you own / have you owned a Chevrolet Volt?
Replies: 40
Views: 6369

Re: Do you own / have you owned a Chevrolet Volt?

I got a 2014 Chevrolet volt last month as a second car. My Testla is the primary car, but due to lack of supercharging stations and my need for a few long trips a month, I just have both cars. Also, my girlfriend totaled her car, so she has taken over the Testla as her drive to work is more than 40 ...
by bigspender
Mon Dec 23, 2013 12:36 pm
Forum: Personal Consumer Issues
Topic: Car Dilemma
Replies: 20
Views: 2190

Re: Car Dilemma

The thing with those two cars is they really don't depreciate that much over 3 years. Also, you can probably get 0% financing on the toyota rav4 with 4wd. Figure you can get an otd rav4 for 30,000 with all taxes and fees, that would be 500 bucks a month. And I think you could probably do better as d...
by bigspender
Tue Sep 24, 2013 10:10 am
Forum: Personal Finance (Not Investing)
Topic: PA/NP Salary arc [Physician Assistant / Nurse Practitioner]
Replies: 15
Views: 5956

Re: PA/NP Salary arc [Physician Assistant / Nurse Practition

Wow, 250k as a cRNA. Maybe I should not have wasted my time and money going to medical school.

Again no offense. I fully understand why you went it. There are many physicians that don't make 250k.
by bigspender
Thu Sep 19, 2013 7:20 am
Forum: Personal Consumer Issues
Topic: Car dealer refusing to repair car
Replies: 54
Views: 6726

Re: Car dealer refusing to repair car

What kind of car.

The other possibility is a defective water pump. Had that on a fairly new car in my life. You should check out a forum on the internet on your car and so what people have to say.
by bigspender
Mon Sep 09, 2013 11:45 am
Forum: Investing - Theory, News & General
Topic: These funds have beaten the Vgd Idxs over 10 yrs
Replies: 64
Views: 7101

Re: These funds have beaten the Vgd Idxs over 10 yrs

I can't remember the numbers exactly, but maybe 20% of the active funds will beat the index over a 10 year period. The question is which ones will. Nobody offers a guarantee. Also, once you add in the expense ratio, that number becomes a lot smaller. Now over 30 years, can anyone name me a fund that...
by bigspender
Thu Sep 05, 2013 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 140876

Re: PenFed Visa card for Gas program changing, now with a fe

Question, I already have a bunch of penfed cd's. Do I have to open up a new cd to avoid the yearly $25 fee.

Anyway, I just buy gas rarely for backup car as the car I mainly use is a testla anyway.
by bigspender
Thu Aug 22, 2013 6:44 pm
Forum: Personal Consumer Issues
Topic: Being too stingy? [Purchasing a car]
Replies: 35
Views: 4650

Re: Being too stingy? [Purchasing a car]

I bought a model s testla last year. The thing is safe and fun. I also like not using gasoline. It was about 5 percent of my net wealth when I bought it.
by bigspender
Wed Aug 14, 2013 7:17 am
Forum: Personal Consumer Issues
Topic: When to replace timing belt on 1998 Honda Accord
Replies: 19
Views: 16614

Re: When to replace timing belt on 1998 Honda Accord

I had one of these cars when I was in school. My mechanic said the belts are built to last 90,000 miles, but he preferred doing them between 60,000 and 75,000 miles if 6-7 years has elapsed as the belts do degrade from age as well as mileage. Honestly, for $650, that is like one car payment for a ne...
by bigspender
Sun Aug 11, 2013 8:47 am
Forum: Personal Consumer Issues
Topic: New Car or Drive My Civic to the Ground?
Replies: 56
Views: 6633

Re: New Car or Drive My Civic to the Ground?

I would say just fix the Civic. When you buy a new car, you have other costs. Your insurance will be higher, you will have to pay state sales tax on it, sounds like the car you want to replace will have less gas mileage, and you will be out 25,000 dollars. The economy is tough now for people and don...
by bigspender
Sun Aug 11, 2013 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Indexed Universal Life Insurance - Again ...
Replies: 58
Views: 9779

Re: Indexed Universal Life Insurance - Again ...

My main problem with this product is I can't understand what I'm investing in. And when I heard the breakeven is about 20 years, I kind of gave up on it. Liquidity is important to me. And to not be receiving a dividend is not that great of an idea to me.
by bigspender
Fri Jul 05, 2013 11:06 am
Forum: Personal Consumer Issues
Topic: finance vs cash for car; TLH vs LTCG ?
Replies: 21
Views: 1915

Re: finance vs cash for car; TLH vs LTCG ?

I got one when it came out last year. I financed 70k of it thru Penfed and the rest I financed with BOA as they give me a good rate. I think I got a rate of 1.49%. Honestly, it doesn't sound like you can afford this car. For me this car was 3 months salary so in the grand scheme it wasn't a big deal...
by bigspender
Tue Jun 25, 2013 8:24 am
Forum: Personal Consumer Issues
Topic: "Beggar" at gas station - how would you handle it?
Replies: 73
Views: 10323

Re: "Beggar" at gas station - how would you handle it?

I just plain out ignore these people. Then, I tell them I am deaf and can't hear a word they are saying. I also slur my speech.

They promptly leave me alone. Never had an issue with this.

I know this sounds terrible, but I believe in personal responsibility.
by bigspender
Mon Jun 24, 2013 4:02 pm
Forum: Investing - Theory, News & General
Topic: SWR with 100% Allocation 30-Year TIPS
Replies: 13
Views: 1523

Re: SWR with 100% Allocation 30-Year TIPS

I agree with the previous poster. You need the TIPS protected from taxes. If inflation surges as you are in your working years in higher tax bracket you get a nice bill. Also with the new medicare surcharge you are looking at another 0.9% tax if you are making over 200k as a single or 250k as a coup...
by bigspender
Sat Jun 01, 2013 5:51 am
Forum: Investing - Help with Personal Investments
Topic: VGSIX REIT Fund in a dive due to...?
Replies: 9
Views: 2411

Re: VGSIX REIT Fund in a dive due to...?

Sure, very easy explanation. When interset rates go down, the value of your REIT fund goes up. When interest rate goes up, the value of your REITs goes down. Kind of like a bond. The rate on the 10 year treasury nominal bonds has increased recently. I think if you focus on an allocation as suggested...
by bigspender
Thu May 30, 2013 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: One doc's interesting revolt against the payment system
Replies: 65
Views: 8665

Re: One doc's interesting revolt against the payment system

Physicians make about 8 percent of Medicare spending. So if we were paid 0, it would only make a very tiny dent in medical care spending. We are not the problem. I think what we make is cheap for what we do. I've saved thousands of lives in my 33 years being alive.
by bigspender
Tue May 14, 2013 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: I [messed] up - Now what? ($200k in student loan debt, etc.)
Replies: 117
Views: 13525

I [messed] up - Now what? ($200k in student loan debt, etc.)

Question. When I was 18, my parents had to cosign the student loan. So unless things have changed, who cosigned your loan?
by bigspender
Mon Apr 29, 2013 7:15 am
Forum: Investing - Theory, News & General
Topic: New I-Bond rate?
Replies: 32
Views: 5397

Re: New I-Bond rate?

Looking at the i bond rate of 1.18%, it is actually better than a one year cd, so I think it is a reasonable choice if you want to park money somewhere for at least one year, and you have the put option of cashing it out after a year if the rate were to go to 0, then you wouldn't even have the 3 mon...
by bigspender
Wed Apr 17, 2013 9:09 am
Forum: Investing - Theory, News & General
Topic: New I-Bond rate?
Replies: 32
Views: 5397

Re: New I-Bond rate?

1.18% starting may 1st. Still better than a one year cd. Buy your allocation before April 30 because the rate now is higher which you would collect for the next 6 months.
by bigspender
Wed Apr 17, 2013 6:50 am
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 17327

Re: harvard med school vs. penn med+full tuition scholarship

Take the money, it really is a no brainer. I had a similar choice and took the money at the state medical school. Finishing residency I was able to pull in over 3x in salary working private practice versus working at a Harvard hospital. Also, it is not guaranteed in the future salaries will be incre...
by bigspender
Sun Apr 07, 2013 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop full insurance coverage on a car?
Replies: 12
Views: 1922

Re: When to drop full insurance coverage on a car?

I've noticed with insurance I may only save $200/ year to drop collision, so it really never becomes worth it unless the car is worth under $2000 or so.
by bigspender
Fri Mar 22, 2013 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Has the idea of a pre-nup changed?
Replies: 2
Views: 554

Re: Has the idea of a pre-nup changed?

I know many people are going to find this post funny. But I would say over half the people in my physician group have been divorced. So if you have a 50% chance of losing 50% of your wealth when you marry someone, I would say you should do your best to protect yourself. People change. Things happen....
by bigspender
Thu Mar 14, 2013 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS vs. Total Bond
Replies: 10
Views: 1776

Re: TIPS vs. Total Bond

I was thinking. You know what a nice type of mutual fund would be. Basically it would be one that follow's Mr. Bogle's philosphy of age in bonds and total stock market making up the rest. And for bonds you can choose if you want TIPS or nominals. This way you don't have to worry about rebalancing, t...
by bigspender
Thu Mar 14, 2013 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Need to Push to Leave Broker/Become Own Financial Advisor
Replies: 100
Views: 8371

Re: Need to Push to Leave Broker/Become Own Financial Adviso

You need to look at the website whitecoatinvestor. He is a pro-vanguard ER physician who writes articles about the question you pose. Basically, if you were to throw darts at a dartboard, you would do no better or worse than your advisor. So you may as well buy the index at the lowest cost and figur...
by bigspender
Tue Feb 26, 2013 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is Med School still a good financial investment?
Replies: 123
Views: 11561

Re: Is Med School still a good financial investment?

Salary depends on what you go into. I did one year internship and a 3 year anesthesia residency. I worked at a place that paid well and I worked every weekend for overtime my first two years plus we got a nice bonus depending on how many hours we put in. So I made around 600k my first 2 years, but I...
by bigspender
Sun Feb 24, 2013 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do tIRA or ROTH if my income is 61K
Replies: 6
Views: 817

Re: Should I do tIRA or ROTH if my income is 61K

Very good question. It depends on the following situation. When you are required to take money out of the tIRA at 59 1/2, are you going to be in a higher tax bracket? If yes, you should do the conversion. If you believe you will be in a lower tax bracket, then don't do the conversion as you will nee...
by bigspender
Sat Feb 23, 2013 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Replace or repair the car? - What's a Boglehead to do?
Replies: 37
Views: 2599

Re: Replace or repair the car? - What's a Boglehead to do?

I think having a safe reliable car is important. With my yearly salary I could buy 15 camrys. So as long as you have the money, I think it is reasonable to buy a new car because of the reliability and safety.
by bigspender
Thu Feb 21, 2013 8:53 am
Forum: Personal Finance (Not Investing)
Topic: lets have some fun guessing the 30 year tips yield today
Replies: 0
Views: 174

lets have some fun guessing the 30 year tips yield today

My guess is the real yield will be .64%. This would make the coupon .625%
by bigspender
Tue Feb 19, 2013 7:09 pm
Forum: Personal Consumer Issues
Topic: The most reliable 4-door sedan in 2013 is Camry?
Replies: 57
Views: 7414

Re: The most reliable 4-door sedan in 2013 is Camry?

I wonder if this will change after the crash tests. The camry did horrible. The accord exceled.
by bigspender
Sat Feb 16, 2013 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: What percentage do you keep in risk free assets ?
Replies: 46
Views: 3311

Re: What percentage do you keep in risk free assets ?

My question is what do you consider a risk free asset. I would say a risk free asset at the very least gives you inflation after you pay your taxes. Is there an asset that does that ?
by bigspender
Tue Feb 12, 2013 9:17 am
Forum: Personal Consumer Issues
Topic: The perfect Boglehead car
Replies: 92
Views: 14391

Re: The perfect Boglehead car

Apparently they didn't fully charge the car. If I didn't fully charge my Testla the same thing would happen.
by bigspender
Tue Feb 12, 2013 9:11 am
Forum: Personal Finance (Not Investing)
Topic: 3% to 4% on Checking???
Replies: 17
Views: 3358

Re: 3% to 4% on Checking???

I guess if you can make small varying amounts on an amazon gift cards it could be a good deal. But you need the direct deposit and it is a pain to always be changing where I do my direct deposit. So once direct deposit is required the deal is off.
by bigspender
Mon Feb 11, 2013 10:01 am
Forum: Investing - Theory, News & General
Topic: 30 year TIPs auction Feb 21 (announcement Feb 14)
Replies: 73
Views: 5886

Re: 30 year TIPs auction Feb 21 (announcement Feb 14)

This is a fun game. Lets guess the real rate. I am think .625 is a little high. I'm gonna guess .5 as the coupon and the real rate will be about .52
by bigspender
Sun Feb 10, 2013 10:43 am
Forum: Personal Consumer Issues
Topic: Deciding college for High School Graduate
Replies: 65
Views: 6557

Re: Deciding college for High School Graduate

Being a physician here is my advice. If your daughter truly wants to go to medical school, it will not matter what college she goes to. I know plenty of people who went to harvard undergraduate who could not get into a us medical school. Why? Because they could not score over 30 on the mcat and achi...
by bigspender
Sat Feb 09, 2013 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to understand Colorado 529 stable value fund
Replies: 3
Views: 1029

Re: Trying to understand Colorado 529 stable value fund

So my question is how do you lose your money in this. Does Met Life have to go out of business for that event to happen?
by bigspender
Mon Feb 04, 2013 8:44 pm
Forum: Personal Consumer Issues
Topic: The perfect Boglehead car
Replies: 92
Views: 14391

Re: The perfect Boglehead car

Probably the best bogleheadish car would be a 10-15 yo corolla or civic. Good gas mileage, reliable, easy to repair which they would rarely need. Probably can get good examples for between 3 and 5 thousand bucks. Now my Testla model S on the other hand I am still waiting on, not a very bogleheadish ...
by bigspender
Sun Jan 27, 2013 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Physician looking to refine my financial plan
Replies: 17
Views: 2445

Re: Physician looking to refine my financial plan

Your getting a lot of good advice on this forum.

Look up the whitecoatinvestor's website. He is an ER physician.

Also, don't invest in ambulatory centers. That is a great way to waste your money.