Search found 136 matches

by PeterParker
Thu Aug 20, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity vs. Chase BillPay
Replies: 9
Views: 1081

Fidelity vs. Chase BillPay

Hey I was reading the Fidelity one-stop shop thread again. Just out of curiosity, I know with Chase (and others) vs. Schwab billpay --- when cutting checks to say, your landlord ---- Chase debits your account immediately when you send the check out. Schwab waits for it to be cashed (could be weeks o...
by PeterParker
Tue Apr 07, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Is Bogleheads.org any good at giving advice on college?
Replies: 6
Views: 721

Re: Is Bogleheads.org any good at giving advice on college?

Whole idea is pointless. Reason: People will 95% of the time justify most major decisions as "correct" or "correct at the time given the options" --- maybe with the exception of a nasty divorce or ex-girlfriend. Seldom will someone say "yes, a wrong choice was made." No...
by PeterParker
Mon Mar 23, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Urban area -- sign 12 month lease?
Replies: 10
Views: 650

Re: Urban area -- sign 12 month lease?

What specifically are you worried about that non-signing of the lease would protect you from? Hmm that maybe 3 months from now the situation has gotten 10x worse and I DO want to move back to the suburbs. I don't want to do that right now, but maybe in 3 months. Maybe I'll ask him to switch to mont...
by PeterParker
Sun Mar 22, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Urban area -- sign 12 month lease?
Replies: 10
Views: 650

Re: Urban area -- sign 12 month lease?

I need to dig out the lease --- this landlord is old school, everything paper. He literally doesn't use text or email, only phone. I'm confident is says nothing about what happens when the lease ends. In Chicago, tenant requires 30 days notice of intent not to renew, or else gets 60 days to get thin...
by PeterParker
Sun Mar 22, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Urban area -- sign 12 month lease?
Replies: 10
Views: 650

Urban area -- sign 12 month lease?

Hey there-- Maybe I'm unnecessarily worried. I live in a high rise in Chicago. My lease renewal is coming up very rapidly. My elderly landlord hasn't reached out, but he frequently forgets the renewal date. Should I sign another 12 month lease given all this uncertainty? I have parents in the suburb...
by PeterParker
Thu Mar 12, 2020 5:12 pm
Forum: Personal Investments
Topic: Wash sale: selling portion of shares just purchased
Replies: 2
Views: 163

Re: Wash sale: selling portion of shares just purchased

I only just started looking into this. But I think this is the correct answer: If you sell THE VERY SAME shares you just bought -- like literally the same dates (you can choose this with your broker - DON'T pick cost averaging or whatever, sell a specific lot) -- it's not a wash sale. The math works...
by PeterParker
Thu Mar 12, 2020 3:04 pm
Forum: Personal Investments
Topic: TLH and buying low
Replies: 19
Views: 1025

Re: TLH and buying low

Edit: Did some research. Looks like all my assumptions are correct, however it must be done by year's end Dec 31st, to apply to that year's taxes. Of course losses can be carried forward ... perhaps indefinitely. (aka $30k loss can theoretically provide TLH for 10 years, probably fewer in practice d...
by PeterParker
Thu Mar 12, 2020 2:49 pm
Forum: Personal Investments
Topic: TLH and buying low
Replies: 19
Views: 1025

Re: TLH and buying low

Okay I have some simple, potentially dumb questions- Okay no buying (or keeping) a certain stock/ index for 30 days before or after the "loss" transaction. My few questions: 1. Marginally different indexes aren't wash sales, right? Like ... Total Stock Market vs. Total Small Cap Market? Th...
by PeterParker
Thu Mar 12, 2020 2:24 pm
Forum: Personal Investments
Topic: Market Timing - HSA FICA taxes
Replies: 7
Views: 302

Re: Market Timing - HSA FICA taxes

I went through this a few times before. With FICA affecting SS income/ contribution, it's about a wash. Yes there may be some other unrecoverable costs but then you have to weight private vs. employer HSA custodian (hint: the employer one usually stinks with higher fees). My ONE concern with front-l...
by PeterParker
Thu Feb 13, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14415

Re: Am I crazy to consider quitting my job?

Reality check-- Your pay per day likely surpasses 90% of all individual adults in this country, and 99% of the world. It's a 3 day part time gig, that still has full pension and benefits. You didn't indicate how grueling the job is, but by all indications it's a typical corporate welfare job. You al...
by PeterParker
Tue Jan 21, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5321

Re: Life advice for recent graduate

This board has a lot of conservative accountant/ office/ tech types who save frugally and faithfully and typically don't rock the boat, so keep that in mind. Unlike most here, obedient workers (okay some of this is tongue and cheek) - I'd argue the following: 1. Burn bridges? Who cares. If a place i...
by PeterParker
Mon Nov 25, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Password compromise issue
Replies: 12
Views: 1272

Re: Password compromise issue

I wouldn't put any important passwords into "have I been pwned" --- because yeah, the site appears trustworthy but with important banking passwords, trust no one. You CAN however put in your email address (to be honest with the amount of data breeches in huge corporations, the fact that yo...
by PeterParker
Mon Nov 25, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Password compromise issue
Replies: 12
Views: 1272

Re: Password compromise issue

Okay I have egg on my face. Just thought I'd share because .... coincidentally, about an hour ago I had my GRUBHUB account breached. Someone across the country attempted ordering $150 over 3 orders. I see from "Have I Been Pwned" -- I'm signed up for that --- that yesterday that was a mass...
by PeterParker
Mon Nov 25, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Close Oldest Credit Card?
Replies: 34
Views: 3089

Re: Bad Idea to Close Oldest Credit Card?

1. Card will remain on for 10 years anyway like others have said. 2. Chase isn't charging $10 a month for not using credit cards. Period. Maybe they are for their checking accounts. If you don't use the credit card at all, the bank will close it themselves after a year or two of no charges. 3. It's ...
by PeterParker
Mon Nov 25, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Job offer with equity component
Replies: 18
Views: 1976

Re: Job offer with equity component

Honestly, outside perspective who is not in Silicon Valley or whatever. I would take the equity. I would do 100% equity deal. It's not always possible or easy to acquire equity in the future if your interest increases --- and what is your outlook of the company stock? Ask yourself that question. To ...
by PeterParker
Mon Nov 25, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buy Car...what am I missing?
Replies: 50
Views: 5051

Re: Lease vs Buy Car...what am I missing?

I'd be curious to crunch the numbers myself. OP was trying to make an honest assessment in my view. Those saying the owned car still has value --- like OP said, he covered depreciation in cost of ownership. That means you buy at $20k and sell at $15k, you had -$5k depreciation -- that sums up the bu...
by PeterParker
Mon Nov 25, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Password compromise issue
Replies: 12
Views: 1272

Re: Password compromise issue

It's tempting, but DO NOT REUSE PASSWORDS. If you're using your Vanguard vault password that contains access to hundreds of thousands, if not millions of dollars, and then going and. Typing your exact email address and identical password (to unlock Vanguard) ... into CareBearSugarDaddyFuntime.com. O...
by PeterParker
Mon Nov 25, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Charge - refund
Replies: 30
Views: 2822

Re: Credit Card Charge - refund

I work at a business that is a payment processor. AMEX and DISCOVER being smaller outfits globally, I'm not sure they are as stringent at least with merchants. But I can say generally, you definitely have more than 60 days to file a chargeback. That said, there is usually no reason to wait. If you s...
by PeterParker
Tue Aug 20, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirement benefit Choice: Rule of 85 vs Age 65
Replies: 22
Views: 1526

Re: Retirement benefit Choice: Rule of 85 vs Age 65

That depends greatly on what age you are in both those years.

Then -- look at the actuarial tables --- estimate when you think you personally may die, or come up with range.
by PeterParker
Fri Aug 02, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 13229

Re: Insane to buy a sports car?

If it were me, I'd be a tad concerned if I would be babying the car constantly, worried about it getting keyed parking it in various areas, etc. That said, whatever. Go for it. YOLO. You seem to have more than enough money --- few do --- if someone in your position can't buy such a car, who should? ...
by PeterParker
Thu Aug 01, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Renter Forever?
Replies: 68
Views: 6984

Re: Renter Forever?

Sorry I think most 'homeowners' are justifying to themselves it's a financial boon. I think in all likelihood, it's usually a wash, or a huge albatross around your neck. The one benefit of homeownership you can't get around though is, as one put it, being "Lord of the Manor" completely (un...
by PeterParker
Fri Jul 26, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Why save HSA receipts?
Replies: 34
Views: 3353

Re: Why save HSA receipts?

Real talk: Probably no need to save any receipts until you hit $10k on the HSA. Since you can easily spend that down in retirement for medical. Also keep in mind you may not ALWAYS be in a HDHP depending on life circumstances to contribute. The name of the game of the HSA is the larget possible tax...
by PeterParker
Fri Jul 26, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Weed clearing: Landlord vs. tenant responsibility?
Replies: 50
Views: 4983

Re: Weed clearing: Landlord vs. tenant responsibility?

My dad's a landlord and I'm a frequent renter. I'm not a lawyer but I would assume the following: The rules differ based on state and municipal laws. Duh. And knee-jerk assumptions which are usually self-serving (of course I'm not responsible!) are meaningless. If you're a landlord: Specifically put...
by PeterParker
Fri Jul 26, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why save HSA receipts?
Replies: 34
Views: 3353

Re: Why save HSA receipts?

Real talk: Probably no need to save any receipts until you hit $10k on the HSA. Since you can easily spend that down in retirement for medical. Also keep in mind you may not ALWAYS be in a HDHP depending on life circumstances to contribute. The name of the game of the HSA is the larget possible tax ...
by PeterParker
Thu Jul 25, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Best Travel Insurance for Bucket List Trip
Replies: 4
Views: 803

Re: Best Travel Insurance for Bucket List Trip

IMG insurance. I've never had to file a claim but here's the basics: You fill in the countries, durations, level of coverage --- they give you a price table you can choose from. No nonsense. International medical insurance. Optional helivac stuff. So why them over other groups? Easy. They ONLY do ME...
by PeterParker
Thu Jul 25, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9440

Re: MBA worth it?

OP here, thank you for all your replies. To answer a few posters, yes - I have a Ph.D. in Applied Physics from a top 10 school. A little background on me and why I asked the question - "Is an MBA worth it?" I initially started in corporate R&D, transitioned with the project into a pro...
by PeterParker
Thu Jul 25, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24339

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

I agree with you. Everything is more expensive in HCOL area, not just housing. Something that many people don't understand is that if everyone's net worth in nominal dollars was multiplied by a factor of 10, it wouldn't change anything in a meaningful way. Wealth can only be identified as such on a...
by PeterParker
Wed Jul 24, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24339

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

You can get rich anywhere (or nowhere). The individual trumps the location. This isn't as true as you think. It's something we'd like to tell ourselves though. How many tech millionaires are coming out of Cameroon? Exactly. Also, the exact same thing (geo-arbitrage) can be applied to the dating mar...
by PeterParker
Tue Jul 23, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 24339

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

I'm not sure why this thread is so complicated. Some jobs (not many, TBH, not many at all) --- the income is relatively stable across cities and countries. Who am I kidding, I can literally think of zero jobs that would pay you the same in NYC as they would in the Phillipines, unless they are litera...
by PeterParker
Tue Jul 23, 2019 1:57 pm
Forum: Personal Investments
Topic: New to investing at 35, Portfolio check please?
Replies: 15
Views: 2715

Re: New to investing at 35, Portfolio check please?

I always thought the US/ International diversification was overblown. The best thing to do, as always, is experiment with various "holdings patterns" in various time periods in the past for some insight to see if it really matters or not. Well, for one, in the last ten years, per-annum to...
by PeterParker
Tue Jul 23, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 10093

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

be nice at work, be productive, be a team player, dont presume that you know more than the company or the leadership if you are not at the C-suite meetings, and understand the company's vision and how to get things done. Do all of the above with integrity. Lastly, work 5-10% harder than the others ...
by PeterParker
Wed Jul 17, 2019 12:03 pm
Forum: Personal Investments
Topic: New to investing at 35, Portfolio check please?
Replies: 15
Views: 2715

Re: New to investing at 35, Portfolio check please?

I always thought the US/ International diversification was overblown. The best thing to do, as always, is experiment with various "holdings patterns" in various time periods in the past for some insight to see if it really matters or not. A kind of "Monte Carlo" but in the past t...
by PeterParker
Wed Jul 10, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 11792

Re: Who cuts your hair? And for how much?

So ... 95% of people here go to a $12 barber across the street. That said, it's also an older (Boomer, Gen X) male crowd here, that works in more conservative, traditional fields I take it. I'm a man who works in tech and have long hair (grew it out). I'm not going for the grad school look, just mor...
by PeterParker
Tue Jul 09, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16546

Re: Staying the course is so hard (support thread)

You make $720k/yr..... Unless you want to quit in the next 5 years...buy the house and the Porsche. Seriously. What the heck is the point of working that hard? That's like asking if someone making $100k should buy a $150k house and a $15k car. Yes. Buy them both. Correction. It's like buying a $150...
by PeterParker
Wed Jul 03, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Question of integrity
Replies: 40
Views: 4237

Re: Question of integrity

I would go with your gut, but really think this through. What do YOU personally truly want to do? I mean if you could start fresh and pick either job TODAY? It's noble that you're so loyal to your employer, but you've been there 3+ years. That's a good run. I'd argue that it's actually easier to lea...
by PeterParker
Fri Jun 28, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5660

Re: NYC Apartment to sue or not to sue

Yeah he should talk to a lawyer, end of story. It's odd. I'm from Chicago so not familiar with rent-control. Stuff never got that bonkers here, at least not yet like SFC and NYC. That said, I looked up the new NYC law. At surface, it looks like it strengthens rent-control and gives greater rights an...
by PeterParker
Fri Jun 28, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Managing Debt - Tracking & Analysis
Replies: 20
Views: 1968

Re: Managing Debt - Tracking & Analysis

I've been using Personal Capital. Yes, I think their reps have visibility to your finances and they call you frequently (I recommend getting a Google Voice or burner number and putting that in) --- but honestly it suits my personality best. I tried YNAB but ... look I'm 31 and am personally an ETL/ ...
by PeterParker
Fri Jun 28, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 40
Views: 4569

Re: Tenant identity theft issue on lease

The daughter had strong credit. It is even possible that her income was sufficient to afford the place by herself. She wanted to bring her mother along. The mother has bad credit, but it's not like her finances really matter if the daughter's income is going to pay for everything anyway (and the da...
by PeterParker
Fri Jun 28, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords - assessing amount security deposit to return?
Replies: 50
Views: 3882

Re: Landlords - assessing amount security deposit to return?

The question is do you want a lawsuit and small claims BS over what probably amounts to < $100? In most cases, you do a walk through. If there's anything actually "broken" -- light fixtures, appliances, major destruction --- you itemize those and retain that of the deposit and notify the t...
by PeterParker
Thu Jun 27, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 40
Views: 4569

Re: Tenant identity theft issue on lease

Yeah obviously the advice is highly dependent on jurisdiction. Still, even in a landlord friendly state, do you want to be going down to file paperwork, talking to constables, and still out for 3 weeks of rent? Not to mention if it's just some scumbag you're rented your unit to ... who knows what th...
by PeterParker
Wed Jun 26, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant identity theft issue on lease
Replies: 40
Views: 4569

Re: Tenant identity theft issue on lease

My dad's a landlord and I rent a lot from old grizzled landlords. You made a few obvious errors. 1. You should hold out for good credit. 650+ minimum. Yes people get desperate and your realtor (who is hungry for 1st month's rent cash) will tell you to hurry up and rent already, EVERYONE here has ter...
by PeterParker
Wed Jun 26, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Empire Plan while traveling abroad
Replies: 5
Views: 781

Re: Empire Plan while traveling abroad

Europe rarely bills you for anything, but yeah. I use IMG (international medical Group) -- they seem fairly professional and trustworthy, though I've never had to actually file a claim. Since it's strictly international medical insurance (with a couple add on options for helicopter evacuation, etc) ...
by PeterParker
Wed Jun 26, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 26
Views: 4891

Re: What does a real estate oil bust look like

I didn't notice a news blackout. The layoffs at oil companies and oil services companies are well publicized at least in the Houston Chronicle. As for real estate in Katy, I think the largest business in Katy is real estate, so there should always be thousands of homes for sale there. Also if folks...
by PeterParker
Tue Jun 25, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 6290

Re: Should I buy a condo in Chicago?

I live in Chicago, in a high rise in streeterville. Yes it's a wealthier neighborhood but I believe lots of Lakeview/ Lincoln Park are great (some very rich) areas that are not high rises. I rent though for now. I'm 30, single, I'm just not convinced owning is a massive financial boon, unless you KN...
by PeterParker
Fri Jun 21, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 6584

Re: How much is your guys’ fees for your 401k?

1% of total assets on top of the fund fees themselves (i.e. Vanguard). :oops: :oops: They were reviewing the custodian and I told them, try to get them to lower that fee. The finance people, god bless them, didn't understand. "But Vanguard has very low fees!" No. Not Vanguard's fund fees. ...
by PeterParker
Thu Jun 20, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - 2 parts: contribute and spend. When to spend?
Replies: 73
Views: 4115

Re: HSA - 2 parts: contribute and spend. When to spend?

Yeah I think I changed my mind on HSA medical spending. I mean, it was obviously set up with the "intent" of actually using it on medical costs as they happen. I think, well, certainly if you're not hurting for cash ---- it's likely better to never spend the HSA until you're at least 40. T...
by PeterParker
Thu Jun 20, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - 2 parts: contribute and spend. When to spend?
Replies: 73
Views: 4115

Re: HSA - 2 parts: contribute and spend. When to spend?

I think people are mixing up contribution and spending, though they are related when funds are limited. Let's simplify numbers., $1k HSA cap. $1k Roth cap. You make $2,000. You have a $500 medical bill. Always go HSA > roth > taxtable. So you have $1,000 in the HSA and $500 in the Roth. $500 in &quo...
by PeterParker
Thu Jun 20, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - 2 parts: contribute and spend. When to spend?
Replies: 73
Views: 4115

Re: HSA - 2 parts: contribute and spend. When to spend?

Spending the HSA now for qualified expenses captures 95% of its lifetime tax benefit, so why not. I agree with everything you wrote above but just have a small issue with the 95% remark. I don't think you actually meant exactly 95%, so I am not commenting on that. But I don't think it's close to 95...
by PeterParker
Thu Jun 20, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: HSA - 2 parts: contribute and spend. When to spend?
Replies: 73
Views: 4115

Re: HSA - 2 parts: contribute and spend. When to spend?

Like many optimizations, this one requires knowledge from the future (which is impossible). Keeping money in an HSA that you will be able to withdrawal for a qualified expense (current or past medical expense) is always better than removing it from the HSA, paying capital gains taxes, and then usin...
by PeterParker
Thu Jun 20, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE AND THANK YOU: Career advice — asking for the “gray hair perspective”
Replies: 60
Views: 8028

Re: Career advice — asking for the “gray hair perspective”

I have to admit. Analytics and "machine learning" are far different from automation. One is automating repetitive tasks. The other is more of a luxury item that serves up (ideally very profitable) business patterns and angles of attack. I'm not quite seeing the overlap. And analysts still ...