Search found 59 matches

by Chief_Engineer
Tue Oct 27, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20716
Views: 2831143

Re: U.S. stocks in free fall

Is it really stressful for you? You are a newish poster, so I'm scared you might be telling the truth. This is nothing. The market dropping a few percentage points is not rare. The market going up a few percentage points is not rare either. This should not be stressful. This is normal. If there's a...
by Chief_Engineer
Wed Sep 23, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2427

Re: HDHP versus PPO

Does your plot comprehend premium costs and the $1000 HSA contributiom? Yes. The out of pocket cost at $0 medical expenses is the annual premium minus any employer contribution. Don't know about Chief_Engineer's details, but that chart is similar to one generated on the 'HDHP Analysis' tab of the p...
by Chief_Engineer
Wed Sep 23, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2427

Re: HDHP versus PPO

I have an underlying heart condition. Not sure if I will need surgery but I’d rather be covered just in case. I just don't see a situation where that's the case. The HDHP and Gold plans have similar OoP maximums, but the Gold plan has much higher premiums especially once you include the $1k employe...
by Chief_Engineer
Wed Sep 23, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2427

Re: HDHP versus PPO

Thanks would like to see the chart. Here's the chart. I used the Aetna premium numbers. I assumed all costs were in-network. I ignored co-pays for simplicity. It's possible if you have a lot of doctor visits maybe the Gold/Platinum plans would look more attractive. But in my experience, the co-pay ...
by Chief_Engineer
Tue Sep 22, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP versus PPO
Replies: 43
Views: 2427

Re: HDHP versus PPO

BV3273 wrote: Tue Sep 22, 2020 2:14 pm $1,000 Contribution for family.
That settles it. The HDHP is far superior than the other plans. I can attach a chart later comparing the OOP costs for different levels of annual medical expenses.
by Chief_Engineer
Fri Sep 11, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14773

Re: Paying off sub 4% mortgage interest rate early

Seems like almost everyone on Bogleheads does, judging by the Refinance Mega Thread. Selection bias. People who can't get a good rate won't refinance and probably won't post in the thread. I've got a little over $100k at 3.75% in the midwest. Can't get a better rate without paying $2k+ in closing c...
by Chief_Engineer
Tue May 12, 2020 6:34 pm
Forum: Investing - Theory, News & General
Topic: International market recovery
Replies: 146
Views: 10394

Re: International market recovery

Quick edit, I recall finding a study someone posted that came to the conclusion that for most people, in most countries, most of the time, a 20% tilt toward home country away from market cap usually works out best. It was an article written by Siamond, and suggested a 25% domestic to 75% world spli...
by Chief_Engineer
Fri Apr 10, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 260
Views: 25711

Re: If you have a sizable portfolio, you don't need an emergency fund

In one of the many emergency fund threads Klangfool once said something that resonated with me. When your portfolio is small you need an emergency fund because any decline in equities could mean you can no longer make it through the emergency. When your portfolio is large, a cash emergency fund is s...
by Chief_Engineer
Tue Mar 24, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 264
Views: 21153

Re: Are we better off now than Dec 2018?

"Stay the course" is not about some dogmatic adherence to a religious tenet. As Taylor reminds us here , the advice exists because the biggest risk to investor returns is behavior. Our fears and emotions often betray us. I started visiting the forum around 2012 and even back then there wer...
by Chief_Engineer
Thu Mar 12, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: International is in meltdown
Replies: 308
Views: 22748

Re: International is in meltdown

veggivet wrote: Thu Mar 12, 2020 1:56 pm Does anyone on this board view international exposure as adding ballast in the face of a drawdown of equities?
International is a ballast for a weak dollar or any risk that is US specific.
by Chief_Engineer
Thu Mar 12, 2020 8:19 am
Forum: Personal Investments
Topic: officially bear market ...
Replies: 77
Views: 7178

Re: officially bear market ...

I think a lot of the people need to understand that there are real economic impacts occurring due to COVID-19. While the most of the market moves are likely an over reaction, I don't think the market is just going to bounce back once the virus recedes. Purdue University just laid off a lot of its di...
by Chief_Engineer
Mon Oct 28, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a "good school district" matter?
Replies: 76
Views: 7763

Re: How much does a "good school district" matter?

I'll echo others that it is much more important to avoid a truly bad school than to try to move from a mediocre district to a "good" district. Think about what your values are and go from there. Don't just judge a school district by test scores. One of our local districts is the top perfor...
by Chief_Engineer
Thu Aug 08, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 3216

Re: Do you pay for kids college if a non-STEM major?

I'm either going to pay for college, or not. Choice of major will not come into it. When people talk about "STEM" and earnings, they're really talking about engineering. Most bachelors degrees in science won't get you much. People who want to do psychological therapy will need at least a m...
by Chief_Engineer
Thu Aug 08, 2019 8:49 am
Forum: Personal Investments
Topic: thoughts on international funds
Replies: 67
Views: 6299

Re: thoughts on international funds

distress is not the right word. dissatisfaction is more appropriate. i'm not losing sleep. i'm just not happy. i could be dead in 20-30 years. if i have to wait that long to see meaningful gains with international, debate over. i'll take whatever i can get with the US right now. No one knows what t...
by Chief_Engineer
Sat Jul 20, 2019 9:16 am
Forum: Personal Investments
Topic: Where to invest "car fund" for 10 years or more
Replies: 22
Views: 2650

Re: Where to invest "car fund" for 10 years or more

I'm curious what the advice would be for someone in the accumulation stage.

Other than my EF, my entire portfolio is tied up in tax-advantaged accounts. If I want to save up for a large purchase in 10 years, where should I put the money? I'm interested it what the suggestions would be for this case.
by Chief_Engineer
Tue Jul 16, 2019 7:50 am
Forum: Personal Investments
Topic: Not Another Pay off the House or Invest...
Replies: 29
Views: 2776

Re: Not Another Pay off the House or Invest...

Inflation is like 2% so the 3.875% is really like 1.875%. I wouldn't invest the extra payment in the market. Instead, put the extra payment in a bank account that pays >1.875%. I don't know of a bank account that is yielding 1.875% in real terms, let alone more. You can't account for inflation for ...
by Chief_Engineer
Mon Jul 15, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: What is the Boglehead opinion of the inverted yield curve?
Replies: 77
Views: 9425

Re: What is the Boglehead opinion of the inverted yield curve?

Actually there doesn't seem to be any standard specific definition of exactly what constitutes an inverted yield curve... Prof Campbell Harvey (whose PhD thesis first looked at the predictive behavior of the yield curve) gave an interview on The Indicator where he defines what it means to have an i...
by Chief_Engineer
Mon Jul 08, 2019 6:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 21946

Re: Larry Swedroe: The Historical Imperative For International Diversification

Every time I read these threads I find good arguments on both sides of the coin. All they do honestly is serve to confuse me. I've bounced around a couple times from US-only to global cap-weighting... And I'm honestly probably back at square one. I don't know what to do.... Maybe I'll just pay off ...
by Chief_Engineer
Tue Jun 18, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 120
Views: 10829

Re: Article on high deductible health plans - and the math

I don't know what plans others have available, but for us the HDHP was the obvious choice. The difference in premiums between the traditional PPO and the HDHP is $25k. Add in the employer contribution to the HSA and now we're at $27.5k. Considering that the OOP max is something like $7k, I struggle ...
by Chief_Engineer
Sun Feb 17, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 9612

Re: Did you get spooked by the December 2018 fall and gave up on passive?

OP, if you got spooked by the activity in December, then your asset allocation is not appropriate for your risk tolerance. What is your current stock/bond mix? The refrain around here is "need, willingness, and ability" to take risk. You mention getting a late start, that may mean you are ...
by Chief_Engineer
Tue Feb 12, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 9307

Re: Being content with your finances

OP sounds like you are very career/achievement oriented. Do you want a large income because of the money, or because of the status? I suggest finding a hobby or cause that you can be passionate about and divert some of your drive there. Careers end and there are only so many rungs to a ladder. What ...
by Chief_Engineer
Mon Feb 11, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 6590

Re: Did you investigate your partner's financial background before committing?

My wife and I met online our last semester of college. We were long distance for 5 months which lead to many late evening phone calls. We met each other's families, moved in together, and I proposed. During our engagement we went through Dave Ramsey's Financial Peace University. Everything was laid ...
by Chief_Engineer
Sun Feb 10, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6917

Re: Newlyweds and joint accounts for household expenses

Some of what I've read mentioned the opposite - put all income in the joint account and then move some of it to separate accounts. I suppose either way can work depending on the couple? I think it's mostly a philosophical difference. To me , having the income go to the joint account makes it "...
by Chief_Engineer
Sun Feb 10, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6917

Re: Newlyweds and joint accounts for household expenses

My wife and I have one joint account where all income goes and all spending comes from. It works for us, and especially makes sense since I earn about 4x more than she does. I don't think there's anything inherently wrong with having separate accounts for discretionary spending as long as you still ...
by Chief_Engineer
Sat Jan 12, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: 2017 State Tax Refunds Federally Taxable in 2018!!!
Replies: 22
Views: 4004

Re: 2017 State Tax Refunds Federally Taxable in 2018!!!

I believe this is how itemizing state taxes paid has always worked. The next year any state tax refund is taxable because you deducted more than you actually paid in state taxes. As far as I understand this was unchanged in the new tax law.
by Chief_Engineer
Thu Oct 18, 2018 6:35 pm
Forum: Investing - Theory, News & General
Topic: Why dismiss sectors?
Replies: 31
Views: 2169

Re: Why dismiss sectors?

I would say "as optimal as you're gonna get." What definition are you referring to? I would agree that cap-weighted index funds don't get you the maximum possible returns, but nobody is going to get maximum possible returns. What is optimal depends on what your objective is. I would say f...
by Chief_Engineer
Wed Oct 17, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 5202

Re: "Retirement age uncertainty increases the savings needed for success"

I think this (and most of the predictions ) are field specific. We have a surplus of liberal arts type PhDs. Not as much in sciences. See https://www.insidehighered.com/news/2018/05/09/no-clear-solution-nationwide-shortage-computer-science-professors . My understanding Biz schools are in the middle...
by Chief_Engineer
Wed Oct 17, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 5202

Re: "Retirement age uncertainty increases the savings needed for success"

it's going to put these colleges in a real crunch because the supply of new Ph.D.s can barely keep up with the existing turnover. Where have you heard this? My experience is the opposite. There are far more PhDs produced every year than could possibly find academic posts. There are 100s of applican...
by Chief_Engineer
Wed Oct 17, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 315
Views: 20933

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

I'm personally 70/30 US/int. I remember seeing some analysis posted here showing that some home country bias was merited and resulted in better risk adjusted returns for many different countries. In the end it boiled down to around 70/30 for a US based investor. That was good enough for me. I think ...
by Chief_Engineer
Wed Oct 10, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: The benefits of international diversification - NOT: Hulbert
Replies: 80
Views: 6381

Re: The benefits of international diversification - NOT: Hulbert

I've been reading this forum since I was 18 (25 now) and I always viewed the 0% international advice as some weird generational quirk. Most people my age would file US-centric thinking in "world views from a time gone by." Without the emotional appeal, the arguments of the 0% internationa...
by Chief_Engineer
Mon Oct 08, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 6197

Re: Is an emergency fund just about market timing?

I find this forum's endless arguing about emergency funds to be fascinating. I think it boils down to the fact that many on this forum are financially secure, and an emergency fund is not for them. An emergency fund is for those who need access to stable liquidity. My wife and I are just starting ou...
by Chief_Engineer
Sun Oct 07, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 155
Views: 15399

Re: What is your annual cost for health insurance?

Ages: 30 and 28, plus 2 kids

Employer provided HDHP PPO with HSA

Deductible: $5k
OOP Max: $8k
20% coinsurance after deductible
Our premium: $1.5k
Employer premium: $16k

Employer also contributes $2.5k to the HSA.
by Chief_Engineer
Wed Sep 19, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 53
Views: 5302

Re: Why should bond duration = investment horizon?

OP, here. I want to thank everyone for their replies. I think I primarily have difficulty wrapping my head around bond funds. This is also complicated by the number of diverse opinions on Bogleheads regarding fixed income strategy. Does the argument boil down to that there is a duration risk premium...
by Chief_Engineer
Wed Sep 19, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Why should bond duration = investment horizon?
Replies: 53
Views: 5302

Why should bond duration = investment horizon?

In a number of recent bond related threads I've seen people suggest that your bond portfolio should have a duration roughly equal to your investment horizon. However, my searching has not provided much rational as to why. So I thought I would ask here. As I understand, bonds are for 'stability'. Sho...
by Chief_Engineer
Sat Jun 30, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 1349

Re: Bogleheads approach to hair loss?

I believe surgery is the only thing that really works. I first noticed hair on my pillow at the age of 19. I decided the best thing was to just embrace it. I keep my hair short using clippers and don't need to pay for hair cuts anymore. My wife doesn't seem to care, so why should I?
by Chief_Engineer
Fri Jun 22, 2018 8:31 am
Forum: Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 6530

Re: Struggling - Seeking Advice to Get On Track

Would I be correct in at looking at this : https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work I file Married Filing Jointly - My AGI for 2017 was more than $119,000 That said, if I am not getting the ded...
by Chief_Engineer
Thu Jun 21, 2018 6:39 pm
Forum: Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 6530

Re: Struggling - Seeking Advice to Get On Track

Investjack - Some of the things you are saying lead me to believe you are unfamiliar with the passive investing strategy that most Bogleheads follow. We cannot say what the rate of return will be for any investment. We tend to invest in index funds that track the stock market, so the return will be ...
by Chief_Engineer
Wed Jun 13, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 6552

Re: How do you celebrate (potty trained kid) milestone with your spouse?

...or take your wife out for a nice dinner and tell her you appreciate her for her hard work with your child, but I wouldn’t celebrate potty training. So strange. To me this would be celebrating the potty training. Child rearing is hard. My wife and I haven't had a vacation in 5 years and have aver...
by Chief_Engineer
Tue Jun 12, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 6552

Re: How do you celebrate (potty trained kid) milestone with your spouse?

Contrats OP! Our oldest is mostly potty trained. I remember how excited we were in our early successes with him.

I don't know why everyone is being a party pooper (ha!). Personally my wife and I would have a night out without the kids to celebrate.
by Chief_Engineer
Mon Mar 26, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Living Expense Caught Up To Income
Replies: 48
Views: 8083

Re: Living Expense Caught Up To Income

About the potholes. In my experience, it is pretty easy to miss potholes unless you are driving too fast and likely following too closely. Yes, I know some cities are just hopeless, but take a good look at how you can improve that recurring and expensive problem by changing your driving habits. :ha...
by Chief_Engineer
Sun Mar 04, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: First time taxable account, what do you recommend?
Replies: 24
Views: 4535

Re: First time taxable account, what do you recommend?

Think in terms of allocation, not accounts. Suppose I have a 75/25 stock/bond allocation like this: 401(k): 10k bonds Roth IRA: 10k stocks Taxable: 20k stocks And suppose the market drops, leaving me with: 401(k): 9k bonds Roth IRA: 7k stocks Taxable: 11k stocks My allocation has now become 66/33. ...
by Chief_Engineer
Sun Mar 04, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: First time taxable account, what do you recommend?
Replies: 24
Views: 4535

Re: First time taxable account, what do you recommend?

If you have bonds in your 401k as part of your AA, you can purchase $25k of Total U.S. stock and Total International Stock funds in your taxable account. This will give you maximum tax efficiency. If/when the market is down in the next 3 years, you can exchange bond funds from your 401k and sell st...
by Chief_Engineer
Fri Feb 23, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Understanding 2017 ACA Insurance >> Alternative to ACA until age 65 >>Possible Solutions??
Replies: 115
Views: 10766

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

You would be surprised. 50% of all medical costs are attributed to people with chronic conditions. I don't know how many people that translates to that receive more in claims than they pay in premium + OOP year after year, but it has to be quite significant, certainly in the millions. Following the...
by Chief_Engineer
Mon Jan 22, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Excel for Personal Finance Accounting ?
Replies: 42
Views: 6833

Re: Excel for Personal Finance Accounting ?

I'll put in a third recommendation for GnuCash. I can't list pros and cons because it's the only accounting software I've ever used. But it's flexibility is unmatched. If you're familiar with Python, there's a package (piecash) that lets you access the GnuCash file and process the data any way you w...
by Chief_Engineer
Mon Dec 25, 2017 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: FY17 Final, Personal Savings Rate
Replies: 26
Views: 3043

Re: FY17 Final, Personal Savings Rate

Looks like this year was about -20% of gross. And no, that negative sign was not a typo. We've been slowly draining our savings this year as I finish my PhD. Next year should be very different!
by Chief_Engineer
Fri Dec 22, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you include your house in your net worth if you own it outright?
Replies: 89
Views: 8792

Re: Do you include your house in your net worth if you own it outright?

This question always reminds be of the differing options on the meaning of the word "theory." In the scientific community, the term theory is only applied to well-tested ideas. There is a significant body of evidence that supports the theory. However, use of "theory" in the publi...
by Chief_Engineer
Fri Dec 22, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 27474

Re: Do you see a meaningful change in your income with new Tax Bill?

We will see about a 5% increase in take-home pay than we would have under the old tax law. This is mostly due to the increased phase-out threshold for the child tax credit and lower tax brackets. We live in a low tax state and rent, so we would've claimed the standard deduction no matter what. Our t...
by Chief_Engineer
Mon Dec 11, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 14346

Re: 2018 financial goals - what are yours?

1) Finish my PhD
2) Rebuild emergency fund
3) Keep maxing out HSA
4) Hopefully, 2018 will be the first year of our marriage with a positive change in net worth.
by Chief_Engineer
Fri Aug 18, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 14
Views: 2094

Re: Debt vs HSA/529

Do you consider a reduction from 6.8% to 5% to be a "small" interest rate reduction? Did you get a quote on a 20 year term? federal repayment options are great to have... you should look in detail in the options with loan refinancing because they often have financial hardship options as w...
by Chief_Engineer
Thu Aug 17, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 14
Views: 2094

Re: Debt vs HSA/529

Have you looked into student loan refinancing options with sofi? Earnest? Citizens? You should definitely be able to get your rate down substantially, especially if willing to take on a short term (be careful with the high minimum payments). I looked into SoFi and DRB. I got a preliminary offer (th...