Search found 408 matches

by WL2034
Sun Dec 10, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 2253

Re: How much house can I afford? (First Home)

I would not recommend buying a new house when she is 3.5 years from graduating medical school. If you do buy something, I would find something inexpensive and nearby the medical school as reasonably possible. The hours are going to get longer and more intense for the next 2-3 years before she gradua...
by WL2034
Mon Dec 04, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Trip to Los Cabos - do I need to have Pesos?
Replies: 12
Views: 1203

Re: Trip to Los Cabos - do I need to have Pesos?

Using Pesos is not rocket science and insisting on using dollars is sort of an Ugly American thing to do even though it is common in the heart of some tourist areas. If you insist on paying for dollars you will likely get a VERY bad exchange rate and receive any change in Pesos anyway, or not get a...
by WL2034
Mon Dec 04, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who keeps more money out of 100k? Self-employed vs Employed?
Replies: 39
Views: 2789

Re: Who keeps more money out of 100k? Self-employed vs Employed?

It depends in large part on the benefits. A $100k salary for W2 is going to be better (in most cases) than $100k gross earnings on 1099 because the added value of benefits and not paying both halfs of SSI + medicare taxes (self employment taxes). Hourly rate for a physician on 1099 vs. W2 is usually...
by WL2034
Mon Dec 04, 2017 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Keep SUV or Trade in? Financials...
Replies: 11
Views: 1110

Re: Keep SUV or Trade in? Financials...

I’m having trouble following. It seems you are saying that you prefer to pay interest by having a monthly car payment rather than take the depreciation which is nearly the same amount. But if you own the car, the depreciation is occurring whether or not you have a monthly payment or own the car free...
by WL2034
Thu Nov 30, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: Unexpectedly in the housing market--should we buy this house or wait?

Skip it and go to one of the other new build homes where you can pick your lot and what's around it. You have mentioned the lot size more than once. That's obviously a concern for you. If you're having to justify the smallish lot size to yourself now, you would only be disappointed after moving in ...
by WL2034
Wed Nov 29, 2017 2:52 am
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: Unexpectedly in the housing market--should we buy this house or wait?

A few random points; You mentioned a 25 foot buffer. Compared to your 7,000 square foot lot that could be a lot of square footage and in an ideal situation it could be almost like a bit of green space once the landscaping grows up. If there was house there instead you could be looking right at thei...
by WL2034
Tue Nov 28, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: Unexpectedly in the housing market--should we buy this house or wait?

WL2034, I hope that you will not take the seller's word on the home inspection. It is worth spending the $500. KlangFool Yes, do not plan to take their word if we proceed. And thanks for the input. I can now cross “have KlangFool comment on home buying decision” off of my bucket list. :wink: Always...
by WL2034
Tue Nov 28, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: Unexpectedly in the housing market--should we buy this house or wait?

We went to see this house today. Overall, we liked it. Nice finishes, good size, but not huge. I think, overall, it is about what I was expecting. Very nice neighborhood, relatively small lot, but with a small useable backyard. We are debating whether this is what we want, or if we would prefer to p...
by WL2034
Mon Nov 27, 2017 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8610

Re: Can I afford a $1,400,000 house

Really? The mortgage payment is high but collectively they'll make 650K and I'm guessing they're both doctors.. so the job will be safe enough. "The job," meaning the field of medicine, may be safe enough to easily afford this house. But new attending physician jobs straight out of training have so...
by WL2034
Mon Nov 27, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 8610

Re: Can I afford a $1,400,000 house

There are a couple of reasons I would wait. Some of this is assuming your wife (and maybe you) is a doctor soon to be out of training. You didn't give a lot of information, so I'm trying to fill in the blanks. 1. You both have brand new jobs (she hasn't even started hers yet), so I would think very ...
by WL2034
Sat Nov 25, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Seeking to save $20,000 in one year
Replies: 18
Views: 1977

Re: Seeking to save $20,000 in one year

If the problem is spending money that you have earmarked for savings / emergency fund, consider opening an online savings account with Ally. Don’t open a checking or money market account. Don’t order checks or atm cards. Transfer the amount you hope to save at each pay period ($20k / # of yearly pay...
by WL2034
Tue Nov 21, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: Unexpectedly in the housing market--should we buy this house or wait?

One more thought on the commute. You commute to and from work so you have to double that number. You both work so you have to double that again. Combined that means that a 15 minute commute eats up 60 minutes a day. Don't underestimate the value of the very short commute. Yes, this is a reason we w...
by WL2034
Mon Nov 20, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Re: buy this house

If the house is under construction and won't be completed for months, make an offer. If the house is under construction, you will be able to choose some finishes. For example, get the kitchen countertop you like. Make an offer. The house is completed at this time, from what I can tell. Very few buy...
by WL2034
Mon Nov 20, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3262

Unexpectedly in the housing market--should we buy this house or wait?

Hi everyone, hoping to get some sage advice from the Bogleheads. I will outline the situation below, but essentially the question is--should we mobilize now and try to buy this house that just went on the market, or wait until next summer (the initial plan)? Our situation is as follows: Family: Spou...
by WL2034
Mon Nov 20, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Uber for someone who knows only taxis
Replies: 93
Views: 5811

Re: Uber for someone who knows only taxis

I prefer Lyft for better background checks and fewer problems in the past. I think they treat the drivers better, overall (from speaking to drivers who work for both--many of them do). Just make sure you know the make/model of the car that is picking you up. When the car arrives, open the door and s...
by WL2034
Sun Nov 19, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12949

Re: The valet smashed my Tesla into a brick wall!

Pics or it didn't happen. Not really, I believe it -- but can we see pics of the wall and/or car?
by WL2034
Sun Nov 19, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Resident needs help with new moonlighting money
Replies: 5
Views: 611

Re: Resident needs help with new moonlighting money

Between the two options, I think I would probably put it toward the student debt, as well. Don't think you can go wrong either by putting it toward the debt or opening a solo 401k. The reason I say debt is because your tax rate is fairly low anyway, so you aren't saving much (maybe not saving anythi...
by WL2034
Sat Nov 18, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 11007

Re: 35 yr-old doc needs some wisdom

"Sure he makes great money, but what if he becomes burnt out in 5 years and needs to cut back to stay sane?" This is the question I ask daily. I don't want to be trapped in a job living a life of quiet desperation, compelled to see X number of patients or do Y number of procedures, just to pay the ...
by WL2034
Wed Nov 08, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3942

Re: What is a reasonable emergency fund for HI family?

so lets say I do make 300k. The correct way to save would be to set aside at least 150k in safe accounts even if it means forgoing a significant return from stocks? Are there no insurance products to purchase for a monthly fee that offer that kind of reserve at low cost in a pinch? And if there are...
by WL2034
Sun Nov 05, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Did I earn an extra hour of interest last night?
Replies: 56
Views: 4090

Re: Did I earn an extra hour of interest last night?

The hospital had computer network downtime last night spanning the end of daylight savings. The worst part about the end of daylight savings is working an overnight shift during that time (no extra pay). I actually wonder if the hourly employees get paid an extra hour for working the end of daylight...
by WL2034
Sat Nov 04, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5852

Re: College student... Financial mess... Need advice...

This sounds like you are going to take your lumps one way or another and come away with a life lesson. Don't co-sign a lease with someone who isn't financially responsible. The good news is you can afford it, and it is small change in the long run. Start negotiating, first with her and then with the...
by WL2034
Tue Oct 31, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6540

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Only if you want safeguards against fraud (when you don't know/trust the recipient of funds) such as you are buying something on Ebay or paying a business for a service. For transfers to friends/acquaintances, there is no fee if using a bank account (fees for CC). Venmo also free. And Zelle is free...
by WL2034
Tue Oct 31, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 3039

Re: Invalid airline ticket, seeking reimbursement

You generally only have 120 days to do a credit card chargeback. I would call my credit card company immediately. The problem is he isn't looking for a credit card chargeback. He is looking for someone to reimburse him for the $3000 additional ticket he had to buy last minute - this purchase was le...
by WL2034
Tue Oct 31, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6540

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

PayPal and other methods are best for peer to peer transfers. PayPal charges significant fees. Only if you want safeguards against fraud (when you don't know/trust the recipient of funds) such as you are buying something on Ebay or paying a business for a service. For transfers to friends/acquainta...
by WL2034
Tue Oct 31, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 3039

Re: Invalid airline ticket, seeking reimbursement

Was the $3k one-way ticket purchased through Airline #1 or #2, or a third airline? If it was one of the first 2, I would consider just contesting the $3k charge on your credit card, not paying it, and explain that you were double billed for the flight when you had already paid for it. If it was a th...
by WL2034
Tue Oct 31, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 4069

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

It might have been worth it to have hired a higher cost lawyer who would have drafted your Wills to provide that instead of mandating distributions at 25 and 30, each child would effectively control his/her trust at age 30 (or half at 25 and all at 30). That would have kept the $7 million (plus the...
by WL2034
Mon Oct 30, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Will / Trust attorney fees -- how much? (quoted $2000-3000)
Replies: 35
Views: 4069

Re: Will / Trust attorney fees -- how much? (quoted $2000-3000)

Just to close the loop on this thread. We had wills and trusts (flexible that don't mandate or limit distributions, 1/2 of assets transferred to children at age 25 and the rest at age 30), POA, Advance directives completed for a total of $1500 - $1600. I also found out that we live in a state with l...
by WL2034
Mon Oct 30, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 2879

Re: Will we be house poor in Boston? Help us to set a budget limit

Married couple early to mid 40s with a preschooler Income: Salary 1: 180 Bonus1: 120-140 Salary 2: 175 Bonus: 35 Total: 510k-530k 1) What is the maximum house value we should buy? The majority of the responses that Panchilly got was $900k he bought was overhoused. But $900k cannot get much in Bosto...
by WL2034
Mon Oct 16, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: 529 Savings - Is it enough?
Replies: 38
Views: 3875

Re: 529 Savings - Is it enough?

Age of the kid = 5 net 529 as of today = 54k monthly contribution = 1k General question - Is it enough to pay for 4 year college, assuming no help from scholarship etc. Should I keep 1k per month contribution of lower it a bit? Thanks for your help Even if your accounts have no gains between now an...
by WL2034
Sat Oct 14, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Employer match question
Replies: 5
Views: 330

Re: 401k Employer match question

I think I've made a horrible mistake and am hoping someone can confirm it. I'm contributing after-tax dollars to a Roth 401k and my employer is contributing pre-tax dollars (4% match). Because I'm contributing less absolute dollars every month because it's getting taxed (I realize it grows tax-free...
by WL2034
Mon Oct 09, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1976

Re: Taxable Vanguard help invest $50,000

I also think much improvement can be made in 401k #2. care to elaborate?? You need to provide the ERs, specific fund names for the funds you are using and then also for the other fund options you have available for you. Again, see the link in retiredjg's post. There is a lot of information needed t...
by WL2034
Mon Oct 09, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: business owner, what is your income from business and how did you get into successfully business, what's your networth?
Replies: 17
Views: 2494

Re: business owner, what is your income from business and how did you get into successfully business, what's your networ

Are you trolling? Used car business? Really? I'll preface this by saying I don't know if this was a successful business or not, and the person I knew was not wealthy. I knew someone who's family was in the used car business and told me that the trick to the business was in-house financing. Essentia...
by WL2034
Mon Oct 09, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Funding and buying my parents retirement home? Question on contract and siblings
Replies: 4
Views: 746

Re: Funding and buying my parents retirement home? Question on contract and siblings

Could you just pay for the land and take the mortgage out yourself now? Charge your parents an appropriate rent, and you own the house from the start? Not sure if you would feel awkward charging your parents rent, but it might make things simpler.
by WL2034
Mon Oct 09, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1976

Re: Taxable Vanguard help invest $50,000

I'd put it into VTSAX and call it a day. If you are looking to be 100% in equities, the bond placement question is moot, but as you change your AA, still invest in VTSAX in taxed and put your bonds in your taxed advantaged space. https://www.bogleheads.org/wiki/Lazy_portfolios This would be my choi...
by WL2034
Mon Oct 09, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Vanguard help invest $50,000
Replies: 24
Views: 1976

Re: Taxable Vanguard help invest $50,000

Without knowing anything else about your situation, I would choose $35k in Van Total Stock Market (VTI ETF) and $15k in Van Total International (VXUS ETF). I don't recall the tickers for the mutual funds off hand, but they would be the same functionally if you are buying and holding. Keep the bonds ...
by WL2034
Sat Oct 07, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: tax planning - solo 401K (W2 employee +1099 side hustle) vs tot contri limit
Replies: 8
Views: 370

Re: tax planning - solo 401K (W2 employee +1099 side hustle) vs tot contri limit

I think if you earned $273k you would be required to stop referring to it as a "side hustle." :wink:
by WL2034
Fri Oct 06, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Re: Sent to collections by a hospital we've never been to?

Here's what happened. 1. Called the small hospital the bill was supposedly from. They have no record of any visits or bills to us. 2. Called the collection agency with a plan to give absolutely no information other than name and address since they already have that. We found out the following: -the ...
by WL2034
Fri Oct 06, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Re: Sent to collections by a hospital we've never been to?

The OP stated that the notice was from a collections agency, so I read that as being from an outside agency. Perhaps the OP could clarify this. I don't know whether the FDCPA applies in-house (but I suspect not). If the bill came from an in-house collections department, I would still write rather t...
by WL2034
Fri Oct 06, 2017 3:19 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Re: Sent to collections by a hospital we've never been to?

Yes, the only information I'm sure the collection agency has are name and address. And actually, it's possible the hospital didn't even have an address (since we never received a bill from them). Not sure how that would work. In any case, don't want to give them more info than necessary. Should we s...
by WL2034
Fri Oct 06, 2017 1:55 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Re: Sent to collections by a hospital we've never been to?

Interesting to hear about your experience. My wife's name is unusual enough that I am having a hard time imagining a scenario that this is not some kind of fraud. We have never been anywhere near this hospital (100 miles?). My wife is also a physician and I'm wondering if a patient took her name and...
by WL2034
Fri Oct 06, 2017 12:42 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Re: Sent to collections by a hospital we've never been to?

Does your wife have a common name? Is it possible another Mary Doe went to that hospital and the collection agency is just randomly sending letters to any addresses that come up with that name? I've seen that happen with collection agencies. I would not provide your wife's social security number or...
by WL2034
Fri Oct 06, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3621

Sent to collections by a hospital we've never been to?

Just received a collections notice for a bill from a small regional hospital about 5 hours away from us. It's for $700 and we have never been within 2 hours of this hospital. Initially I thought maybe it was a scam, but after some minimal research it appears the collection agency is legit and the ho...
by WL2034
Tue Oct 03, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you foresee a drop in housing prices in the next 5 years
Replies: 53
Views: 5703

Re: Do you foresee a drop in housing prices in the next 5 years

I have no idea, but I did come across this headline today which made me wonder. "Homebuyers rush to riskier mortgages as home prices heat up." https://www.cnbc.com/2017/10/03/rising-heat-in-home-prices-makes-buyers-rush-to-riskier-mortgages.html But then I realize that this is a warning sign from th...
by WL2034
Tue Oct 03, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is an HSA required if one has HDHP?
Replies: 24
Views: 1539

Re: Is an HSA required if one has HDHP?

The $3 / month fee seems pretty standard for an HSA. But at most HSA's that I have encountered, you can have the fee waived as long as you keep a certain amount of cash in the account (usually $1000-$5000), rather than having it all in the investment account. Are you sure that's not available at you...
by WL2034
Mon Sep 25, 2017 3:19 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4696

Re: Asking for no wedding gifts

I agree that giving cash as a wedding gift is not tacky. IMO, it's the best wedding gift. However, requesting cash as a preferred gift is tacky. I would avoid that and just say that you live in a small apartment and don't have room for any gifts, prefer charitable donations in your name. Keep it cla...
by WL2034
Mon Sep 11, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 7182

Re: Financial Independence Mindset

Ok. I will bite. One more last post. :D Smart. I've strongly suspected that we're being trolled, but felt the discussion was worth extending a bit for the benefit of any newbie bogleheads who might be tuning in. 8-) Honestly, it can be difficult to tell sometimes if a new poster is a troll or just ...
by WL2034
Sun Sep 10, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2756

Re: Retirement Checkup - Physician nearing end of Training

GOR Thanks for the advice! We definitely are planning on renting for at least 2 years and making partner before buying property (wherever we end up), as well as, living well below our means (last year we saved 64.58% of our income). Besides the new SUV, we have no intentions nor plans in buying any...
by WL2034
Sat Sep 09, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25970

Re: Name something you had to have and now you regret purchasing it?

I bought a new full size crew cab truck to replace my older and smaller truck. I soon realized that it was too big and cumbersome as a daily driver. Still had my older truck (dealer offered virtually nothing on trade in) and I started driving it and letting the new one sit. I ended up selling the n...
by WL2034
Wed Aug 30, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2575

Re: Deffered compensation plan? risky?

Yes I am acquainted with CEO and CFO and had a meeting with them. They are very good people. That's one of the reason i think they arent fraud. These are the characteristics of almost every Ponzi schemer, con man, etc. By no means am I suggesting this means your CEO and CFO are scammers, at all. I ...
by WL2034
Fri Aug 25, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: SUV thread (with a twist)
Replies: 44
Views: 4529

Re: SUV thread (with a twist)

sambb wrote:
Fri Aug 25, 2017 5:22 pm
Subaru Outback is the answer. And you get great resale value.
I have never owned a Subaru (so, not a Subaru fanboy), but I have a few friends who own it and was going to recommend the same. Sounds great for this purpose. I would prefer it to the CR-V or Rav4.