Search found 637 matches

by desiderium
Wed Nov 29, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio questions
Replies: 9
Views: 895

Re: Portfolio questions

OK, I'll re-evaluate the holdings in her 457, thanks. I'll aim for an overall 75/25 AA. Still wondering though, if I hold off on the backdoor Roth (which it sounds like would be recommended), where would be the best place to contribute? continue in the taxable? a non-deductable IRA? another option?...
by desiderium
Tue Nov 14, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 143
Views: 15397

Re: New HSA provider Lively offers investments for $30/yr fee

I'm in the process of doing a transfer to Lively. They want a copy of my drivers license to verify my identity. I'm a bit uncomfortable with this. Has anyone else ran into a request like this? Did you freeze your credit information? No, my credit is unfrozen. The identification requirement comes fr...
by desiderium
Wed Oct 25, 2017 9:54 pm
Forum: Personal Consumer Issues
Topic: Trip in May: Starting in Munich, Ending in Interlaken - Where to go in between?
Replies: 27
Views: 1568

Re: Trip in May: Starting in Munich, Ending in Interlaken - Where to go in between?

It is safe to skip Hallstatt. It is a beautiful little town that is completely over-run with busloads of tourists. You can enjoy it and get away on foot to some nice hiking, but is a bit out of the way not worth spending part of a short trip IMO. If you go to Salzburg, you could take a bus to nearby...
by desiderium
Thu Oct 19, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3748

Re: For those near retirement and rebalanced to Bonds...

With the way the market has been performing I wondered about people in this scenario. As one approaches retirement the general rule is to migrate from stocks to bonds. In this scenario, with the way the market has been doing this past year or so, and lets say you have 50%- 75% or more of your portf...
by desiderium
Thu Oct 19, 2017 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: CFP vs DIY [Certified Financial Planner vs. Do It Yourself]
Replies: 5
Views: 581

Re: CFP vs DIY

I'm just a DIY investor with simple tax advantaged retirement accounts at the moment. I have learned many of the boglehead principles and have been applying them on my slow road to building a nest egg. I will read posts with windfalls and posters suggesting they get a fee only financial planner whe...
by desiderium
Thu Oct 05, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of bond investment
Replies: 28
Views: 2319

Re: Pay off mortgage instead of bond investment

I have a similar time horizon to retirement and would suggest considering this: You want to retire in 6 years. In reality, your plans are not all that reliable--maybe you will get antsy and decide not to wait that long, or maybe someone else will make the decision for you. Your projected retirement ...
by desiderium
Wed Sep 27, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11986

Re: The Rolex and The Boglehead

The comforting paradox of being a boglehead is that it can enable you to make choices, including those that have no utiltarian rationale--like owning a rolex
by desiderium
Wed Sep 13, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Investment advice for 58 year old.
Replies: 23
Views: 2158

Re: Investment advice for 58 year old.

I think you would benefit from some professional financial planning, including -investment philosophy and vehicles -Tax strategy -Gifting to your heirs -Estate planning if you haven't addressed this. You could find an independent fee-only financial planner in your area. Allan Roth has been mentioned...
by desiderium
Mon Sep 11, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2554

Re: Paying 4 years tuition for college to get discount?

A couple of key caveats. The money can't come from a 529 because only the expenses in the year of the payment will be qualified. I actually did this, and paid the lump sum with 529 money. 2 years later I got a letter from the IRS. My accountant sent a letter explaining the situation along with a co...
by desiderium
Mon Sep 11, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Late starters trying to reduce skew between taxable & tax deferred
Replies: 21
Views: 2784

Re: Late starters trying to reduce skew between taxable & tax deferred

HSA is your best option if you are eligible.
There are a number of threads about saving receipts etc., and some controversy over this. However, future spending is going to include health care dollars, so utilizing this as a tax deferred savings vehicle would make sense for you.
by desiderium
Thu Sep 07, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 2554

Re: Paying 4 years tuition for college to get discount?

A couple of key caveats. The money can't come from a 529 because only the expenses in the year of the payment will be qualified. I actually did this, and paid the lump sum with 529 money. 2 years later I got a letter from the IRS. My accountant sent a letter explaining the situation along with a co...
by desiderium
Mon Sep 04, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best Retail banks - switching from Chase
Replies: 23
Views: 2390

Re: Best Retail banks - switching from Chase

I moved from my longtime credit union for BofA a few years ago because I need the infrequent services of a large wire transfer, international wire, cashiers check etc and they can handle this competently at a convenient local branch. I keep a bit over 100k in vanguard index ETF investments parked at...
by desiderium
Wed Aug 09, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 13
Views: 1362

Re: Portfolio Review

Wish I was investing and saving so intelligently at your age. Congrats and good luck.
by desiderium
Tue Aug 08, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 18558

Re: Life at crossroads. What would you do ?

Look seriously outside your current area Seattle is great. Hot job market, your wife should be able to find something Schools are generally ok, with some districts fantastic Housing may not seem high to you Given your concerns about the viability of your current path this is a good time to make the ...
by desiderium
Tue Aug 08, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Investment help - New user
Replies: 6
Views: 749

Re: Personal Investment help - New user

Thanks for the advice, I know 6 months is the recommendation by most for an emergency fund; the reason I only have three is because I have started to move my emergency fund contributions into my vanguard taxable account and investing it in bonds/securities for the better return then the 1.15% the b...
by desiderium
Mon Jul 31, 2017 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Simulate SS with TIPS for Early Retirement
Replies: 6
Views: 557

Re: Simulate SS with TIPS for Early Retirement

SCV Lawyer These calculations are perfectly reasonable but they have baked in assumptions about portfolio stability and health care costs that are really hard to rely on for such a long interval. I think the best way to mitigate these unknowns is to maintain some of your human capital. Are you an ac...
by desiderium
Tue Jul 25, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Montreal visit in September
Replies: 11
Views: 1249

Re: Montreal visit in September

Montreal has a good city bike program and an excellent system of bicycle lanes, often separated from traffic. They are very well used. It is a great way to explore neighborhoods beyond the usual guidebooks.
by desiderium
Tue Jul 11, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: Slovenia, Croatia, Montenegro
Replies: 13
Views: 1423

Re: Slovenia, Croatia, Montenegro

Soca river valley
The small museum at Kobarid is remarkable and one can spend the afternoon walking the hills and old WWI trenches to get a remarkable on the ground feel for that chapter in history. Read Hemingway's "A Farewell to Arms" at the same time.
by desiderium
Tue Jul 11, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 1548

Re: Self insuring LTC

This may be uncomfortable to think about, but one's personal actuarial calculations for LTC include (or imply by default) one's own choices about health care in the setting of mental or physical disability that precludes living with your family. Medical care has a substantial impact on the average l...
by desiderium
Thu Jun 15, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1525

Re: Just married - start a joint taxable account?

Taxable investing is for retirement or other long term goals. Before you do this, what are your short or medium term goals? After all, you just got married. Are their kids or a home purchase or even a dream vacation in your future? If so, or if you are not sure, then maybe a joint savings account is...
by desiderium
Wed Jun 14, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 8917

Re: HSAs and "Saving Medical Receipts"

What EOBs have you been unable to obtain? This cannot possibly be a serious question. It is absolutely a serious question. All of my medical expenses (Dr. visits, drugs, tests) are submitted to my insurance company. After they process them, they send the provider an EOB and also post it to my onlin...
by desiderium
Mon Jun 05, 2017 7:22 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 10683

Re: Worth it to buy expensive clothes?

This is caring for your human capital. Dressing well, with good fit and attention to details shows respect for your professional role. People notice. Your clothes will last, particularly the shoes.
by desiderium
Fri Jun 02, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Carreer advice MD/PhD - private practice or academia
Replies: 4
Views: 729

Re: Carreer advice MD/PhD - private practice or academia

This is an important crossroad, and it is difficult to provide advice, as we are talking about what will make you happy in your future. Do you still love the hunt in the research world? Longer term, with your child, you will be worried about security. In the academic track, what does security look l...
by desiderium
Fri Jun 02, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 51
Views: 27752

Re: Opticians: is there any difference in quality of Costco glasses?

There is a significant difference in optical quality. I have a favorite optical shop. Lenses are Pentax, but now they use another high end lens of equivalent quality. The shop is very stylish and expensive but it is a major appearance and vision spend and an infrequent purchase. So I went to Costco...
by desiderium
Fri Jun 02, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 42
Views: 7676

Re: Early Retirement Approaches (forced) - review my situation?

One of the best ways to mitigate portfolio risk given your age is to maintain your human capital. I assume with your IT background and long experience you could do some freelance/consulting. It will improve portfolio survival, and you could tune the intensity to financial and social needs. This may ...
by desiderium
Sat May 20, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Opticians: is there any difference in quality of Costco glasses?
Replies: 51
Views: 27752

Re: Opticians: is there any difference in quality of Costco glasses?

There is a significant difference in optical quality. I have a favorite optical shop. Lenses are Pentax, but now they use another high end lens of equivalent quality. The shop is very stylish and expensive but it is a major appearance and vision spend and an infrequent purchase. So I went to Costco ...
by desiderium
Mon May 01, 2017 7:59 am
Forum: Personal Consumer Issues
Topic: Cost of Estate Planning
Replies: 33
Views: 4828

Re: Cost of Estate Planning

I believe something missing here is the value of the long-term relationship with an estate planning attorney or firm. My initial encounter with my attorney was because we needed a will. 5 or 6 years later, our assets had changed and we went in for a review. We made a few adjustments and received a d...
by desiderium
Fri Apr 28, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: The Power of Habit
Replies: 15
Views: 3924

Re: The Power of Habit

Here is an attempt to reform the most difficult habits


https://pavlok.com
by desiderium
Mon Apr 24, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: [Should I get an advisor?]
Replies: 14
Views: 1461

Re: [Should I get an advisor?]

I am at a similar point in my career and have recently suffered a crisis of confidence in my amateur personal financial management, and I thought I might need an advisor. I think the value of an advisor for you is probably more in how to manage spending and taxes, rather than how to construct your p...
by desiderium
Sat Apr 15, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Solar panels for residence economics
Replies: 10
Views: 1549

Re: Solar panels for residence economics

The most important calculation, IMO, is your payback period. Look carefully at the net metering provisions to make sure you don't lose any credit, say when a certain date rolls around. Also, I would be careful about factoring in utility rate increases, since energy prices have not increased as proje...
by desiderium
Wed Apr 12, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Goodbye, Wells Fargo, and hello, BECU!
Replies: 17
Views: 3630

Re: Goodbye, Wells Fargo, and hello, BECU!

Ok, sorry for necro'ing my old thread but I'm frustrated. I know I'm overthinking things a lot but I don't have much else to do (sad, I know), so I've been continuing to tinker with my accounts and can't decide how I want to go forward. I definitely value simplicity but after making some decisions ...
by desiderium
Mon Apr 10, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7866

Re: Early Retirement Calculus

This is a lot of calculating work when all of the variables are uncertain and the duration of retirement is so long. Health care and downturns have been mentioned. Unlike your portfolio, your human capital can feed you in a down market or if your wife is sick. Nothing wrong with early retirement, bu...
by desiderium
Mon Apr 10, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Medicare Accountable Care Organization (ACO)
Replies: 8
Views: 1315

Re: Medicare Accountable Care Organization (ACO)

My ACO experience has been negative re patient care. As TX hold em said, the ACO gets a fixed amount of money from Medicare to take care of a group of patients. If the patients don't use medical resources, more profit to the ACO. Therefore, there is a strong discentive to deny care or minimize use ...
by desiderium
Sun Apr 09, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie needs a hand
Replies: 3
Views: 692

Re: Newbie needs a hand

You will definitely be better off in the long run if you learn to manage your own portfolio. The long term impact of fees and paid financial advice starting at your age is truly sobering. Take the time to read the WIKI and a couple of the recommended books. Start simple, you have the basic idea alre...
by desiderium
Thu Apr 06, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: Medical Device/Pharma Sales Reps?
Replies: 10
Views: 1404

Re: Medical Device/Pharma Sales Reps?

This area is changing and perhaps shrinking as medical care delivery becomes more consolidated around large health care companies. These companies aggressively cut costs by making purchasing decisions for their hospitals and clinics. The retail vendor rep to doctor relationship creates unwelcome int...
by desiderium
Wed Apr 05, 2017 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Hit my # for retirement, how do I protect it until ready to quit?
Replies: 15
Views: 2603

Re: Hit my # for retirement, how do I protect it until ready to quit?

Good luck timing the market. That may be the only useful advice anyone can give If you don't want to see any losses, put everything in a CD ladder and hope that it keeps up with inflation. Otherwise, try to imagine what kind of losses might be tolerable. Then adjust your equity allocation accordingl...
by desiderium
Tue Apr 04, 2017 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Some Credit Cards Make You Spend More?
Replies: 69
Views: 4946

Re: Some Credit Cards Make You Spend More?

I think the cash vs credit card debate is maybe 10 years out of date. Money is made of plastic for most people. Cash stays in my wallet practically forever. Look at the checkout line in any store. How many people are actually using cash anymore? Fiscal discipline is challenging in a consumer society...
by desiderium
Sun Apr 02, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: W-2 Job and now have 1099 income - need help with investments/taxes
Replies: 2
Views: 359

Re: W-2 Job and now have 1099 income - need help with investments/taxes

Look carefully at the spectrum of business expenses and learn. Home office deduction can now be simplified, you may have expenses traveling to CME courses, or paying an accountant to do taxes for your business. You may also have state and local tax liabilities. I would definitely get an accountant t...
by desiderium
Wed Mar 29, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Sell high cost basis fund shares with a carryover loss??
Replies: 5
Views: 474

Re: Sell high cost basis fund shares with a carryover loss??

I believe if you have carryover losses they must be used to offset capital gains and that you can't harvest gains and choose to save your losses.
by desiderium
Tue Mar 28, 2017 7:56 pm
Forum: Personal Consumer Issues
Topic: Home Energy Audit recommended actions: 28.4 year payback period??
Replies: 33
Views: 3362

Re: Home Energy Audit recommended actions: 28.4 year payback period??

How old and drafty is your house? Depending on age and quality of existing sealing, you might end up a bit more from the sealing. By using the blower door, the quality and thoroughness of work can be tested. Is your heat all electric? How much do you estimate for your annual heat expenditure? The at...
by desiderium
Tue Mar 28, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Direct Primary Care doctor/clinic
Replies: 2
Views: 571

Re: Direct Primary Care doctor/clinic

Not familiar with that particular outfit, but a concierge practice works for me. I have very limited flexibility to go to doctor's appointments. With the concierge relationship, my physician is available by phone and email. Much of my medical care is delivered this way. With the existing fee for ser...
by desiderium
Sun Mar 26, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about opening an account with Merrill Edge
Replies: 30
Views: 4457

Re: Thinking about opening an account with Merrill Edge

Merrill Edge is a good outfit. Customer service has been quick and efficient for me. Assuming you stick with ETFs you should have no fees. The rewards program with B of A adds ongoing value; essentially boosting your return, though credit card rewards are available elsewhere. The "premium" banking s...
by desiderium
Fri Mar 24, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - Hoping I'm On the Right Track
Replies: 5
Views: 695

Re: Portfolio Review Request

A couple of suggestions -Consolidate the accounts. It isnt that much work, just a few forms you can fill out in an hour. It will save you much more in tracking everything. -Don't try to replicate everything in each account (e.g. Roth accounts). Simplify to hold one fund in the smaller accounts and 1...
by desiderium
Fri Mar 24, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Pretirement
Replies: 18
Views: 2812

Re: Pretirement

By pretirment, I am a referring to a person partially exiting the workforce but not fully. They might pursue a lower paying job that brings more personal satisfaction, work fewer hours, or live in a locale that is more desirable but offers less wages. In other words, earn less money in the pursuit ...
by desiderium
Sat Mar 18, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: PI advice... international exposure, GVUL options, time for a professional?
Replies: 3
Views: 380

Re: PI advice... international exposure, GVUL options, time for a professional?

Jon, No need to replicate your asset allocation in each of the accounts. Think of it as one big account. You could simplify to hold one fund in the smaller accounts and 2 or 3 in the larger accounts. Bonds in the tax-deferred accounts, where lower growth will lead to lower RMD's down the line, highe...
by desiderium
Thu Mar 16, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Needs a Plan
Replies: 17
Views: 1220

Re: Newbie Needs a Plan

This is impressive. Congratulations on your upcoming marriage You are on track, so no hurry in implementing a plan. Regarding the cash, only invest what you are sure you are not going to need in at least 5 years. I would suggest waiting until after the wedding and house purchase. If you liquidate t...
by desiderium
Thu Mar 16, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: conflict of interest [CFA vs. fiduciary]
Replies: 27
Views: 2577

Re: conflict of interest [CFA vs. fiduciary]

I think there is a problem with the concepts of "fiduciary" on one hand and "conflict of interest" on the other. Ideally, a fiduciary has no conflict of interest, and I think this is perhaps something people assume and expect, and is a belief often encouraged even by advisors who...
by desiderium
Thu Mar 16, 2017 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Newbie Needs a Plan
Replies: 17
Views: 1220

Re: Newbie Needs a Plan

This is impressive. Congratulations on your upcoming marriage You are on track, so no hurry in implementing a plan. Regarding the cash, only invest what you are sure you are not going to need in at least 5 years. I would suggest waiting until after the wedding and house purchase. If you liquidate th...
by desiderium
Wed Mar 15, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup
Replies: 17
Views: 3023

Re: Financial Checkup

My two cents: You are on track if you stick with your plan Pay of student loan now with cash. Don't underestimate the psychological benefit. Continue to max out tax-deferred space Regular ROTH contributions while you remain eligible. Rebuild EF After you do this, can begin contributing to a taxable ...
by desiderium
Wed Mar 15, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Recently Retired - Portfolio Advice, Please!
Replies: 10
Views: 1646

Re: Recently Retired - Portfolio Advice, Please!

Jeff, Your situation looks ok, but it is kind of a mess. I don't think you can tell exactly what you are doing with all these accounts and funds. You have a good start with a three fund portfolio your Taxable account, so I would start by trying to implement this portfolio across your accounts. Here...