Search found 601 matches

by deikel
Thu Mar 28, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 54
Views: 4566

Re: Crossroad of what to do next?

soccerrules wrote:
Fri Aug 10, 2018 8:55 am
3) Braces X4, Wisdom Teeth X4
Just as a datapoint, braces in my neck of the woods are 5k a kid....its beyond ridiculous

I would pay down the student debt first
by deikel
Thu Mar 28, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k)/403(b) maxed out, can I still place $5500 in an IRA?
Replies: 9
Views: 1087

Re: 401(k)/403(b) maxed out, can I still place $5500 in an IRA?

You should only have a 401k or a 403b, I don't think there are situations where you have both ? If you work in academia, its also typical to have a 457b in addition to the 403b, in which case you could contribute 18k to the 403 AND 18k to the 457b. Your individual retirement account (IRA) is an extr...
by deikel
Thu Mar 28, 2019 7:11 pm
Forum: Personal Consumer Issues
Topic: I drive 8000 miles a year, what car do you recommend?
Replies: 39
Views: 3289

Re: I drive 8000 miles a year, what car do you recommend?

What are you talking about, that Prius can easily do 200k miles so no need for a new car any time soon. If something breaks and its not thousands of dollars worth of repair you are still better off repairing it. This silly rule of thumb that you should not repair more then the car is listed at is en...
by deikel
Thu Mar 28, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How early on can sole proprietorship business expenses be deducted for taxes?
Replies: 3
Views: 213

Re: How early on can sole proprietorship business expenses be deducted for taxes?

Sure, why not ? You might have started your business that year and not as an LLC, but as a sole proprietor and started acquiring expenses...you can then deduct those form your taxes in the same year. You should probably not deduct assets prior to the date of the LLC, otherwise you would have to brin...
by deikel
Sat Mar 09, 2019 8:55 pm
Forum: Personal Investments
Topic: I think I can retire. Help me with the confidence and a plan.
Replies: 29
Views: 4730

Re: I think I can retire. Help me with the confidence and a plan.

I would go about this slowly and absolutely slow down in your current job...you might think that is not possible, but in reality, you should shoot to work the absolute minimum to not get fired...and even if you get kicked, you know you are fine, so behave bullet proof because you are and you might b...
by deikel
Sat Mar 09, 2019 8:32 pm
Forum: Personal Investments
Topic: How irresponsible is this?
Replies: 20
Views: 4253

Re: How irresponsible is this?

You need to realize that it is the actual act of saving that is the important part until quite some years into it....so neither the allocation, nor the fine tuning will do you any appreciable good right now If you don't want to go high in bonds, just put it all into a total market fund or some S+P50...
by deikel
Sat Mar 09, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance and Genetic Testing
Replies: 29
Views: 2147

Re: Term Life Insurance and Genetic Testing

Find a good broker to do the work for you, they can find you the right insurance for about any pre-existing condition or genetic testing on file. I was pleasantly surprised to get into preferred category (2/4) given my history and wife got preferred plus (1/4) - what really counts as a negative is s...
by deikel
Sat Mar 09, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a mortgage for the next home in TX
Replies: 16
Views: 1507

Re: Choosing a mortgage for the next home in TX

a) Absolutely put enough down to avoid mortgage insurance at ALL costs - that is the easiest money saved b) given the current and still historically low interest rates, I would lock them in as long as you can to let inflation work in your favor Beyond that, its very much your personal philosophy. I ...
by deikel
Sat Mar 09, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why I invest: “A difficult diagnosis changed my views on money.”
Replies: 3
Views: 1498

Re: Why I invest: “A difficult diagnosis changed my views on money.”

Sounds like a commercial....oh wait, it is a commercial.

If they would be honest, they should say 'she read about Bogle and HIS investment philosophy' since Vanguard also has high cost, managed and non-index funds that are just as bad as everyone else's.
by deikel
Sat Mar 09, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 contractors/business owners: reporting business mileage
Replies: 10
Views: 700

Re: 1099 contractors/business owners: reporting business mileage

My understanding is that the car is your personal car (and not the property of the LLC ?) In which case you are asking for reimbursement for your mileage from your LLC. Only trips to customers would count since the maintenance falls to your for your personal car and its already reimbursed in the 52 ...
by deikel
Sat Mar 09, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much Auto/home liability insurance do I really need?
Replies: 18
Views: 1441

Re: How much Auto/home liability insurance do I really need?

Your real estate in India is probably 'protected' because no one will go international after it - BUT, you can't do anything with it either. You can leave the US after an insurance event against you and not return, but when you sell the property and transfer the money to the US its fair game If you ...
by deikel
Sat Mar 09, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Signing bonus taxes???
Replies: 7
Views: 1247

Re: Signing bonus taxes???

I think it does not matter: You will have lived in both states for 2019, so you pay taxes in both and have to file a state return for both. If you only move later this year a better way would be to receive the payment in 2020 (say as a 6 month retention payment) What type this payment is does not ma...
by deikel
Wed Feb 20, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: Why do many overlanders drive old model vehicles?
Replies: 32
Views: 4115

Re: Why do many overlanders drive old model vehicles?

I would hazard a guess and I assume its a question of replacement parts availability. The older (read non electronic gizmo) SUV/trucks can be repaired much simpler than the newer generation and the newest generation might just not be very common in those regions yet
by deikel
Mon Feb 18, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5605

Re: Moved to new state/job 6M ago. Previous employer wants me back!

You left your old company for a reason - which was what exactly ? I am not a believer of counteroffers or hiring back people that have left before, I have seen it happen many times and only once did it work out - they all left a second time or were let go. Statistically, 50% of re-hired / counteroff...
by deikel
Fri Feb 15, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: Wellesley’s Secret Sauce to Remain Secret
Replies: 22
Views: 3695

Re: Wellesley’s Secret Sauce to Remain Secret

They have an expense rate of 0.16%, which is 0.1 higher then necessary and hence I prefer to hold my own index funds instead...case closed for me, I don't need an actively managed fund with any 'secret sauce'
by deikel
Sat Jan 05, 2019 5:47 pm
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4182

Re: How old is too old to buy a house?

Funny, when I read the title I thought you asked how old the house should be.... I beg to differ with most of the other commenters. If you want to move to FL to get out of NY snow (I feel you), than in my perception you are trying to experience all that florida weather allows you to do vs being a ho...
by deikel
Sat Jan 05, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Used car purchase
Replies: 9
Views: 814

Re: Used car purchase

Can you tell us your calculation in more detail, because I don't see how you can save 3.5k/yr based on 50 miles a day (maybe wrong ?, only one way 50?, work every day of the year?) Electricity also costs you some money Is the Lexus really 20 mpg ? That is atrocious, but the cheaper solution would be...
by deikel
Sat Jan 05, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7312

Re: Strategies to combat or justify lifestyle creep

...the problem is hedonic adaptation... That supercool feeling you had when driving your friends Tesla or using your friends iPhone goes out the window real quick (of course, buyers remorse will prevent most people from being honest in this), then it becomes a normal car for transportation (plus som...
by deikel
Sun Dec 30, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside to superfunding 529 Plan just before college starts?
Replies: 7
Views: 1110

Re: Any downside to superfunding 529 Plan just before college starts?

There is an interesting aspect in the 529 plan about gifting, NYS describes the following: 'Get a state income tax deduction If you're a new York State taxpayer and an account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions w...
by deikel
Sun Dec 30, 2018 7:48 pm
Forum: Non-US Investing
Topic: US perm resident working in Canada. Double taxed?
Replies: 7
Views: 681

Re: US perm resident working in Canada. Double taxed?

You should also be very careful about the residency rule. If you are truly moving back to Canada, you give up your residency status in the US and might well loose your greencard, make sure you keep property in the US and be in the US plenty of time to establish residency in the US. There is no exemp...
by deikel
Sun Dec 30, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Trademark and SMB
Replies: 5
Views: 354

Re: Trademark and SMB

You need to distinguish between a Trademark (TM) and a registered Mark (R) You can use your logo/phrase and put a TM on about anything you want to claim without any cost (but with little protection down the road) or you can register the mark with the office. First do a TESS search and a TMview searc...
by deikel
Sun Dec 30, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 5796

Re: Home Heating Advice

Have you considered adding a wood stove to the house ? Cost wise a coal stove is actually the cheapest way to go, but I hate the smell....wood stove is very nice. Pellet stove would be an option and about as expensive as oil right now (backed up by propane forced air). Residential Propane is very ve...
by deikel
Sun Dec 30, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Radon Mitigation System
Replies: 20
Views: 1782

Re: Radon Mitigation System

Not disputing the usefulness of a radon mitigation system and/or your 'sky high levels' (whatever they might have been before mitigation), but your number of lung cancer deaths (although taken from the CDC official numbers) is a bit suspect, because the 21k deaths do include smokers. Excluding smoke...
by deikel
Thu Dec 06, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6697

Re: Health insurance for FIRE

A person who FIREs is planning to spend maybe half a century in retirement and if a few extra thousand dollars per year make a difference then the answer is obvious: not ready to retire. This is compounded by the associated frugal living philosophy. A terrible plan; it leaves no margin for errors. ...
by deikel
Mon Dec 03, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Divorce Settlement Options
Replies: 51
Views: 6355

Re: Advice on Divorce Settlement Options

Q1: I would not bring this into the divorce discussion with a lawyer simply because it gives an opening for the opposing party to 'get something' - split it in the middle and deal with the consequences later or use both halfs to pay off the lump sum (see below) Q2: I would try the buy out with after...
by deikel
Mon Dec 03, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: New Homeowner in Retirement/Travel Concerns
Replies: 16
Views: 2183

Re: New Homeowner in Retirement/Travel Concerns

Sounds to me as if you should probably buy the property, have it managed by a company and rent it out entirely for the winter season you don't want to live there and keep it for yourself for the summer season - this would provide you the home base, some income to offset the management since its a re...
by deikel
Tue Nov 20, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Need a financial check up
Replies: 10
Views: 1252

Re: Need a financial check up

You are not telling us your combined income..so its a bt difficult to gauge tax impacts: - I would NOT pay the college fund (last in line, recall you can draw on some 401k money for higher Ed as well, also recall you can super load your college fund later on if needed and money available or cash rol...
by deikel
Tue Nov 20, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: Full page ad in WSJ - https://indexingonsteroids.com/
Replies: 8
Views: 1749

Re: Full page ad in WSJ - https://indexingonsteroids.com/

(Marty Schulman is a vascular surgeon in New York ) "Don’t heed the conventional definition of “diversification”. Don’t split your assets into 60% stocks and 40% bonds (where in the Torah does it say “thou must have 40% bonds?”) I thought the Torah did recommend an investment allocation ( https://w...
by deikel
Tue Nov 20, 2018 7:07 pm
Forum: Investing - Theory, News & General
Topic: A good read for down market days (Morgan Housel)
Replies: 4
Views: 1166

Re: A good read for down market days (Morgan Housel)

Thanks for the link, was a fun read - although some actionable suggestions at the end would have been nice, otherwise its a bit of a flat description/opinion - will read some more from him...
by deikel
Tue Nov 20, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1929

Re: sell bond fund, buy stocks during correction?

There is a reason why getting market returns puts one in the top 20%. The mean returns are drug down by all of the people speculating and their personal investment theories. Hope you are in the top 20%, I will be sitting right here at average while you tinker with the guessing game. Thinking you ca...
by deikel
Tue Nov 20, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1929

Re: sell bond fund, buy stocks during correction?

Your strategy is solid for the simple reason that the current (and last many years) yield of bonds was so low, that you could actually consider them cash and hence all you do is invest the cash in a market downturn you have defined in your investment strategy (I have a similar trigger level of 15% ...
by deikel
Mon Nov 19, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: sell bond fund, buy stocks during correction?
Replies: 19
Views: 1929

Re: sell bond fund, buy stocks during correction?

Your strategy is solid for the simple reason that the current (and last many years) yield of bonds was so low, that you could actually consider them cash and hence all you do is invest the cash in a market downturn you have defined in your investment strategy (I have a similar trigger level of 15% d...
by deikel
Mon Nov 19, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me decide on HDHP or PPO? And am I missing anything?
Replies: 10
Views: 1045

Re: Please help me decide on HDHP or PPO? And am I missing anything?

some comments: a) I think you are making a mistake in the calculation of what a deductible is (you pay everything up to that amount) and what a max out of pocket is (the insurance has started paying some money and you contribute some, once your contribution goes over this limit insurance pays all) b...
by deikel
Sat Nov 10, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3814

Re: International Travel during Maternity/Paternity

Traveled with infant at 16 weeks to Europe for two weeks and three cities - no problems at all. At that age, their universe is mom and as long as mom is OK, the kid is happy. They have their own time anyway, so you will be jetlagged, the child will be on its own time and stay there. I would not exac...
by deikel
Fri Nov 09, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 27
Views: 1659

Re: What would you do with unexpected tax refund?

Option 2 It is a no brainer - mortgage insurance is one of the worst wasted moneys, that does absolutely nothing for you other than giving you the privilege to work even harder for the bank that owns your house at an even lower risk since you insured their risk. And dont even get me started with the...
by deikel
Fri Nov 09, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - Multiple Scenarios
Replies: 7
Views: 663

Re: Health Insurance - Multiple Scenarios

Your Family plan was 1k/month in 2017, is now 2018 at 1850/month and you are looking at another 40% increase in 2019 ? That seems very odd to me. Maybe you should suggest to your employer to find a new health care broker ? Did they change their contribution % vs employee ? There is no way a general ...
by deikel
Fri Nov 09, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 11166

Re: Favorite "free stuff"?

Libraries are not free to get books, you're paying for them with your property taxes. I moved to an unincorporated area where the library is not a line item on the property tax bill. To get access to the local library they would require an annual payment equal to what that tax would be, and in my c...
by deikel
Thu Nov 01, 2018 3:42 pm
Forum: Personal Consumer Issues
Topic: Am I Risking My Life to Sell My Car?
Replies: 37
Views: 4803

Re: Am I Risking My Life to Sell My Car?

You seem to assume that CarMax is still honoring the offer they made, but I am sure there is a clause that allows them to backtrack if the condition of the car has significantly changed. They may or may not check your car again - and your tire may or may not blow out during the drive to them. But to...
by deikel
Thu Oct 25, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Dental Mishap
Replies: 51
Views: 6071

Re: Dental Mishap

This feels all very fishy to me Why would you want to pull baby teeth in order to prepare for braces or spacers to begin with, why not wait till the baby teeth are out on their own ? And than (presumably when the growth has somewhat settled) start fixing whatever issue there is ? I have seen way too...
by deikel
Tue Oct 23, 2018 11:44 am
Forum: Personal Investments
Topic: Pay off mortgage early vs IRA
Replies: 8
Views: 777

Re: Pay off mortgage early vs IRA

Getting a guaranteed return of 4.62% seems a good deal to me and given your ARM the probability that the interest rate will go up is very very high - so your return will be even better longer term (you don't mention if 3 or 5 or 7 ARM) I would pay it off and invest the rest in taxable if there is an...
by deikel
Tue Oct 23, 2018 11:09 am
Forum: Personal Investments
Topic: Tax loss harvesting - yay or nay?
Replies: 13
Views: 1161

Re: Tax loss harvesting - yay or nay?

Why would you not ? Whatever your 'loss', you can reduce your taxes by 3k times your tax rate....for as many years as the loss is a multiple of the 3k - no brainer
by deikel
Tue Oct 23, 2018 11:06 am
Forum: Personal Investments
Topic: Suddenly retired...would appreciate asset allocation and withdrawal advice
Replies: 7
Views: 2264

Re: Suddenly retired...would appreciate asset allocation and withdrawal advice

- there is some information missing or your math is faulty. You say you have a 2 mil portfolio, want to withdraw 110k a year and ask if the 4.8 % withdrawal is OK. 110k is not 4.8 % of 2 mil ? Usually a 4% withdrawal is suggested, 4.8% will probably still work IF there is no significant downturn wit...
by deikel
Mon Oct 22, 2018 12:26 pm
Forum: Personal Investments
Topic: Question on reallocating stocks to bonds
Replies: 5
Views: 669

Re: Question on reallocating stocks to bonds

You are correct in your example, however, if your allocation should change for retirement than you probably also should have a glide path towards the new allocation to precisely avoid the problem you describe. So, if you are 100/0 during accumulation, but want to have 60/40 during retirement, than y...
by deikel
Fri Oct 19, 2018 2:27 pm
Forum: Personal Investments
Topic: Timing mortgage pay down
Replies: 49
Views: 4114

Re: Timing mortgage pay down

Folks, When the CD interest rate hit 5%, will the folks that pre-pay their mortgage of 4% or less regret their decision? KlangFool It should really be a question of liquidity of the asset (funds are easy to cash in - a house not so much), stability of the asset in terms of value (housing in normal ...
by deikel
Thu Oct 18, 2018 11:33 am
Forum: Personal Investments
Topic: Unwinding and transferring positions
Replies: 23
Views: 1361

Re: Unwinding and transferring positions

As a quick refresher, I have had a bad experience with a broker over the past 18 months, who managed to lose a nice chunk of $$$ in a rock solid market. I've been very nervous about self-managing the account, but bit the bullet today and converted our Fidelity account away from Professionally Manag...
by deikel
Thu Oct 18, 2018 11:15 am
Forum: Personal Investments
Topic: Heavy Loss in Stable Value Fund of 401k investments
Replies: 32
Views: 4732

Re: Heavy Loss in Stable Value Fund of 401k investments

A Stable Value Fund turned out to be a lot more risky than the SP500 index. I'd appreciate your wisdom if there is any course I can take at this moment. Thanks! Mingus Although your losses have indeed been realized by selling the underlying asset - you could invest it immediately (in a supposed to ...
by deikel
Thu Oct 18, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11485

Re: What do you consider 'enough'?

Does anyone out there in their working years have a way of figuring out what is 'enough' in terms of income to support their current lifestyle and to also save for the future? I know it's different for everyone but I'd be curious to hear your thoughts on if and how you calculate how much is 'enough...
by deikel
Wed Oct 17, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance for cancer survivor? OR, can I even get insured?
Replies: 19
Views: 1751

Re: How much life insurance for cancer survivor? OR, can I even get insured?

I would be shopping for not less than $1 million. You have to also consider the likelihood of inflation over time that diminishes the cost of the policy over time but also diminishes the purchasing power of the face amount. But time also diminishes the need for a life insurance since your dependent...
by deikel
Tue Oct 16, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Sneakers with good arch support
Replies: 33
Views: 1938

Re: Sneakers with good arch support

Not a sneaker at all, but I love the Nike Air Torch 3 - amazing foot support, super light and very good grip sole - I got rid of my back pain entirely since I wear them (not doing any sports, just normal use)
by deikel
Mon Oct 15, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1909

Re: Kids and Money

DW and I are expecting our first child next year. (1) Pretend we have less money than we have. We live well below our means anyway, so it would be pretty easy. But I’m not a fan of being dishonest with our kids. (2) Tell them all the money goes to charity and they won’t see a dime once they graduat...