Search found 51 matches

by jbourne99
Wed Oct 26, 2016 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 5896

Re: Email from Financial Advisor Round 2

The boss wants the advisor to provide advice that is in the best interest of the employees right? In that case just have the boss insist that the advisor sign a fiduciary agreement.
by jbourne99
Sat Oct 08, 2016 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Physician in need of help
Replies: 27
Views: 4228

Re: Physician in need of help

Re backdoor roth. Do it. Your other options are either no IRA contribution or a non-deductible traditional IRA contribution neither of which is better than a backdoor roth. I don't see why a high income level would make this less advantageous.
by jbourne99
Sun Apr 24, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - Am I being Bamboozled?
Replies: 50
Views: 7857

Re: Irrevocable Trust - Am I being Bamboozled?

Ok, let's not call it asset hiding and use the lawyer term "divestment strategy." The VA is already onto the OP's kind of scheme. http://www.canhr.org/publications/newsl ... 2015Q1.htm.
by jbourne99
Sat Apr 23, 2016 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable Trust - Am I being Bamboozled?
Replies: 50
Views: 7857

Re: Irrevocable Trust - Am I being Bamboozled?

Of course you're being bamboozled. You've been sold an asset hiding scheme by a lawyer. Do you think hiding your mother's assets so she could qualify for a program that is meant for people with much less is possibly ethical? I'm surprised this thread hasn't been locked and/or deleted for such a disc...
by jbourne99
Sun Apr 03, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: I buy $275 of stock 2x / week. Is such frequent buying bad?
Replies: 18
Views: 2446

Re: I buy $275 of stock 2x / week. Is such frequent buying bad?

Nothing bad about it. Just make sure you select your cost-basis on vanguard site. The main headache would be that If you select Spec ID as your cost basis method you go to sell a portion of your holdings you'll have a lot of lots to sort though as you select the shares you want to sell. Taxes will b...
by jbourne99
Mon Jan 04, 2016 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 14105

Re: Savings % Target 2016?

Holy MMM Batman! How how have you done this? My apologies. I thought the number seemed abnormally high especially considering the other posts. I forgot about the tax man :oops: The tax man brings me down to 66% :( I'm not quite at the level of spending as Mr. Money Mustache but I'm doing ok. I'm ju...
by jbourne99
Sun Jan 03, 2016 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 14105

Re: Savings % Target 2016?

I don't really have a target but:
2015 - 93% of gross income
2016 - will probably be around 94%
by jbourne99
Sun Sep 13, 2015 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What does an "emergency fund" mean to you?
Replies: 35
Views: 5281

Re: What does an "emergency fund" mean to you?

I have as much as my money as possible "working" for me in my investments. After my monthly expenses I leave $500 in a checking account for misc. ATM withdrawals but beyond that I have a $1000 line of credit that comes with my Capital One 360 account that charges around 10% APR. I also have thousand...
by jbourne99
Sat Apr 04, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: High income help - [Will marriage help reduce taxes?]
Replies: 29
Views: 3855

Re: High income help - [Will marriage help reduce taxes?]

Getting married would likely save you on taxes and you can use this online calculator to determine extent of savings: http://taxpolicycenter.org/taxfacts/marriagepenaltycalculator.cfm Don't make a move like this though without a solid prenup though. Tax savings must be weighed against expenses (lawy...
by jbourne99
Tue Jan 13, 2015 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to Roth or TSP
Replies: 8
Views: 919

Re: Contribute to Roth or TSP

In deciding whether to go pre-tax and post-tax I found this article helpful: http://www.forbes.com/sites/financialfinesse/2012/09/12/why-the-pre-tax-v-roth-decision-is-more-complex-than-it-seems/print/ Knowing the tax bracket you're currently in is easy. What is a little more difficult to predict is...
by jbourne99
Sat Jan 10, 2015 8:04 pm
Forum: Personal Consumer Issues
Topic: Keeping CC Receipts
Replies: 45
Views: 5298

Re: Keeping CC Receipts

Curious, what good does having the receipt do since it is not the signed copy that is given to the restaurant but a copy and you could write any numbers you want on the tip and total lines. A most excellent point. It let's you see that they charged your card incorrectly which would cause you to ini...
by jbourne99
Fri Oct 31, 2014 10:51 pm
Forum: Personal Consumer Issues
Topic: Coupons? Do you live by them?
Replies: 66
Views: 6084

Re: Coupons? Do you live by them?

Couponing can be awesome but to be awesome at it requires time and effort. Ever see those coupon shows where people stockpile all sorts of items obtained from a grocery store for almost nothing? Unfortunately this takes a lot of time - time that could be better spent earning a buck at your job. But ...
by jbourne99
Wed Oct 29, 2014 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 28
Views: 8701

Re: 39.6% Tax Bracket :(

I've seen a couple suggestions to do a roth. If you do a roth you are guaranteed to pay your high tax rate where as if you go the traditional route there is a good chance you'd pay less than 39.6% on your withdraws if you are like most people who pull less during their retirement years. Why not just...
by jbourne99
Thu Oct 16, 2014 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Minimum amount for Vanguard Money Market?
Replies: 13
Views: 5935

Re: Minimum amount for Vanguard Money Market?

So I just looked into this because I want dividends in my Roth to go to a money market fund to avoid a wash sale as well as let the dividends help me rebalance. I spoke with a rep to help me out. He said you have to create a fund with the minimum which is currently $3k but after the fund is open you...
by jbourne99
Wed Oct 15, 2014 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting - help
Replies: 12
Views: 829

Re: Tax Loss Harvesting - help

I don't know about that particular fund but when selling any fund just be aware of any redemption fee which should be outlined in the prospectus. Some redemption fees are based on a holding period.
by jbourne99
Sun Oct 12, 2014 9:29 pm
Forum: Personal Consumer Issues
Topic: Do you every turn your smart phone off?
Replies: 36
Views: 2965

Re: Do you every turn your smart phone off?

I'll occasionally switch it to airplane mode at night to prevent background use of my data plan. My android phone shows the usage by app, both foreground and background. Since we have a limited plan I conserve data. No need to have my phone report my location at mid-night or to continually update s...
by jbourne99
Sun Sep 14, 2014 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 58
Views: 9013

Re: Can You Build Your Retirement Portfolio Young, then Coas

If you save a lot early and have low enough expenses then this is possible. Plug your specifics into firecalc.com (it is quite configurable if you delve into the specifics) to get an idea of what is feasible for you. I'd think the keys are avoiding lifestyle creep during your earning years and findi...
by jbourne99
Sat Sep 06, 2014 10:43 am
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 5054

Re: Poll: Cash Holdings

Let's see.... I direct deposit my pay into vanguard funds and when I need to pay rent or any of my credit card bills I sell funds to get the cash so I'll answer 0%.

Kidding.

My cash holdings are between 0 and 1% but that answer choice isn't available.
by jbourne99
Tue Aug 26, 2014 2:01 pm
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 89
Views: 20317

Re: How I beat Indexing... in 1 hour

You're a genius. How do I get you funds to invest on my behalf and what do you charge?
by jbourne99
Sun Aug 24, 2014 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: strategy to get brokerage bonuses
Replies: 56
Views: 6335

Re: strategy to get brokerage bonuses

15202guy wrote:...move them back to Vanguard as ETF shares and then reconvert them to mutual fund shares.
You may not be able to reconvert them to mutual fund shares as you plan. https://investor.vanguard.com/etf/faqs#conventionalMF

Be on the lookout for account closure fees.
by jbourne99
Thu Aug 07, 2014 11:58 pm
Forum: Investing - Theory, News & General
Topic: Changing Asset Allocation in a bear market
Replies: 28
Views: 3621

Re: Changing Asset Allocation in a bear market

How many people here agree with this statement: " in a severe bear market, if my portfolio goes below X dollars, I would change my desired asset allocation to be more conservative". There have been threads here along the lines of, "why continue to play the game if you've won the game?" This hints a...
by jbourne99
Sat Jul 19, 2014 6:57 pm
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 10811

Re: If you own a car, do you have a car payment?

There is nothing wrong with buying a nice car if that is what you enjoy. When I finished undergrad I bought myself a nice car that cost 68% of my gross annual income. Unboglish I know but to me it has been worth every penny. I paid it off in about 2 years and have driven it payment-free for many mor...
by jbourne99
Sat Jul 19, 2014 2:43 am
Forum: Investing - Help with Personal Investments
Topic: What should I invest in 401k?
Replies: 5
Views: 1473

Re: What should I invest in 401k?

Vanguard Target Retirement <insert closest retirement year here> Fund
by jbourne99
Sun Jul 13, 2014 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Your net worth/investments when you started saving less
Replies: 17
Views: 3006

Re: Your net worth/investments when you started saving less

I'm naturally born frugal so I'm not sure there is any multiple of my annual expenses saved at which I'll spend unnecessarily as to me such spending is a source of stress more than pleasure.
by jbourne99
Tue Jun 10, 2014 3:28 pm
Forum: Investing - Theory, News & General
Topic: 1.1 million Americans joined 2 comma club in 2013
Replies: 11
Views: 1721

Re: 1.1 million Americans joined 2 comma club in 2013

Yea, back in the day 2 commas meant something but now? Maybe it's time to put a stop to those "I'm in the 2 comma club" messages and only allow those bragging 8-digits or higher!
by jbourne99
Mon Jun 02, 2014 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Where to Put Emergency Fund?
Replies: 18
Views: 2640

Re: Where to Put Emergency Fund?

I put mine in the stock market with the rest of my asset allocation. Most any "emergency" that comes up can be paid for with a credit card with the balance paid in full by the end of the billing cycle.
by jbourne99
Sat May 17, 2014 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Would you retire [to a tropical island with kids]?
Replies: 121
Views: 13235

Re: Living like rich people for 1k a month

If you go back to asia what's to keep your husband from upgrading to a new 20-something?
by jbourne99
Fri Apr 04, 2014 7:56 pm
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 3849

Re: Buying for someone who "has everything"

I agree with consumables... One of the most practical recent gifts I received was a box of freebie hotel soaps, shampoos, and conditioners. Another was some plain underwear, t-shirts, and socks. Most everything else gets returned, regifted, or sold.
by jbourne99
Mon Feb 24, 2014 1:57 pm
Forum: Personal Consumer Issues
Topic: Best Stereo Headphones under $100
Replies: 33
Views: 3080

Re: Best Stereo Headphones under $100

I discovered, when I bought what turned out to be counterfeit MDR 7506 off ebay, that these items are faked frequently, so buyer beware!
by jbourne99
Wed Nov 13, 2013 9:10 pm
Forum: Personal Consumer Issues
Topic: Self-Indulgence
Replies: 52
Views: 5426

Re: Self-Indulgence

My answer to you would be to spend your money on what brings you the most happiness per dollar spent.

http://voices.yahoo.com/happy-money-mor ... tml?cat=72
by jbourne99
Mon Nov 11, 2013 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: discretionary spending per month
Replies: 54
Views: 6263

Re: discretionary spending per month

Do you know how much you spend per month for discretionary spending? No. I pay more attention to % of pay after taxes that ends up in my savings account as a measure of my saving performance. Why? Because all of those "fixed" expenses are, for me, not fixed. Property taxes => I chose to rent. Utili...
by jbourne99
Tue Jul 16, 2013 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Market Timing
Replies: 33
Views: 2580

Re: Market Timing

You already made a mistake with market timing. Basing your decision to get back into your desired AA with more marketing timing thinking (thinking that you would be buying equities at a high) is simply more of the same.
by jbourne99
Fri Jul 12, 2013 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 7633

Re: how bad would it hurt to spend an extra 10k on a car (24

Be cool and get the ///M or be the boglehead and get a ///Metro. Other expenses you haven't considered include the kind of girl you will get with either car. With the ///M you will draw in model types with curves in all the right places but with an appetite for expensive things, $$$$ With the ///Met...
by jbourne99
Thu Jul 11, 2013 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Transitioning from Schwab to Vanguard Retirement Accounts
Replies: 4
Views: 687

Re: Transitioning from Schwab to Vanguard Retirement Account

I google'd "vanguard financial plan" and got https://personal.vanguard.com/us/whatwe ... ngservices

With your assets they will do financial plan for free.
by jbourne99
Tue May 28, 2013 8:29 pm
Forum: Investing - Theory, News & General
Topic: If I pay off my mortgage... I can save more...
Replies: 43
Views: 4310

Re: If I pay off my mortgage... I can save more...

I personally get maximum peace of mind when I make the decision that in the end leaves more $$$ in my account whether that includes paying off a mortgage or not.
by jbourne99
Tue May 28, 2013 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with setting up my online spreadsheet
Replies: 4
Views: 485

Re: Need help with setting up my online spreadsheet

I also didn't look at your particular sphreadsheet but I've found this one to be quite helpful: http://www.investmentmoats.com/stock-ma ... readsheet/
by jbourne99
Sat May 25, 2013 10:07 am
Forum: Investing - Theory, News & General
Topic: C'mon international rise!
Replies: 51
Views: 7311

Re: C'mon international rise!

So you call yours "international?" There's a pill for that.
by jbourne99
Tue May 21, 2013 10:04 pm
Forum: Personal Consumer Issues
Topic: can i buy my sportscar?
Replies: 129
Views: 12589

Re: can i buy my sportscar?

The car is relatively cheap given your circumstances.

For me I've gotten a lot of enjoyment from my sports car that I've had for 10+ years now and it is easily the best material possession purchase I've had.
by jbourne99
Sun May 12, 2013 11:25 pm
Forum: Investing - Theory, News & General
Topic: Does this bother you also? [Stock picking contest]
Replies: 29
Views: 2621

Re: Does this bother you also? [Stock picking contest]

Why be bothered? The stock picking game is probably just a hook to keep students awake and talking about it, the teaching going along with this is what matters.
by jbourne99
Tue Apr 16, 2013 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 18995

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

Why is Harvard not offering a scholarship? Because it's HARVARD!

You only live life once. Money will come and go. This choice will live forever.

Go with your gut and try to remove finances from the picture. I suspect you will do well financially regardless of which choice you make.
by jbourne99
Wed Apr 10, 2013 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for Surgicenter bill for colonoscopy
Replies: 45
Views: 7382

Re: Advice for Surgicenter bill for colonoscopy

Since the providers didn't agree to his insurance company's fee schedule your friend by selecting them as their provider has agreed to their fee schedule. The lesson learned the hard way in the case of your friend is that it is always worth to check with both the insurance carrier and the provider r...
by jbourne99
Tue Apr 09, 2013 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Are you an anesthesiologist dealing with buyout offers?
Replies: 20
Views: 6652

Re: are you an anesthesiologist dealing with buyout offers?

studentdoctor.net anesthesiology private forum for ASA members would be a good place to ask about this.
by jbourne99
Mon Apr 08, 2013 11:12 pm
Forum: Personal Consumer Issues
Topic: Month-long visits to American cities
Replies: 52
Views: 6192

Re: Month-long visits to American cities

For your time frame (2-4 weeks, maybe more) I'd look to craigslist. I had a reunion with college buddies in DC and we found an awesome weekend rental in DC near Adams Morgan that was fully furnished. I have little doubt that such a unit could be negotiated for a longer stay.