Search found 353 matches

by ginmqi
Thu Jul 18, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Ally savings acct lowers rate by 10 bps to 2.1%
Replies: 40
Views: 6128

Re: Ally savings acct lowers rate by 10bp to 2.1%

Does anyone know how Wealthfront can maintain these rates? If you look at the underlying banks in their program, you cannot get the 2.57% rate even with a long term CD. Is this just a loss leader to try to expand? Bumping this thread instead of starting new one. Been with Ally and happy with them s...
by ginmqi
Sat Mar 30, 2019 1:53 pm
Forum: Personal Investments
Topic: Input Needed on Dividend Portfolio
Replies: 26
Views: 1940

Re: Input Needed on Dividend Portfolio

*Very Substantial Assets gives me visions of at least 8 figures, none of which is a 1 or a 2. When you have that much money, perhaps it's worth $100k a year to him to be able to say "I have a guy who handles my investments for me" on the golf course and at dinner parties. If he actually cares about...
by ginmqi
Thu Mar 07, 2019 2:43 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 631
Views: 64682

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

How did you get a 2.7% Savings Account? I'm interest in that. Lot of 3%+ savings accounts are available if you are able to jump through some hoops. Many many 2.5%+ accounts also available. And in certain regional areas, you can even get 4-5%+ checking/savings... Great resource here to get started: ...
by ginmqi
Thu Feb 28, 2019 7:50 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

we could think about ways to monetize those experiences by starting a business venture in the blogging/vlogging space and continually to produce content that can be profitable. You've got to show the auditors a well conceived business plan with a reasonable expectation of generating profits, not ju...
by ginmqi
Thu Feb 28, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

How long did Wesley Snipes get to spend in Lafayette Township, PA ? I imagine he thought his advisors were very reputable and certainly he had good lawyers. The warnings are VERY well-heeded. In many talks/videos/conversations, the Internal Revenue Service is clearly not something you want to make ...
by ginmqi
Thu Feb 28, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

I think you sum up the IRS's case pretty well in the first couple sentences. It is obvious this isn't a primarily business trip so I don't know how many of your expenses or what percentage would be deductible anyway. By the description above the venture sounds dubious at best to me. My guess is you...
by ginmqi
Thu Feb 28, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

If I post my after game commentary somewhere on the web, can I deduct the cost of all those Warriors tickets from my income ? I would imagine that not every failed small business is going to be looked at as a tax dodge? Those who can show a serious business plan to the IRS auditors stand a much hig...
by ginmqi
Thu Feb 28, 2019 7:28 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

Your business would not only have no profit, it would have no income whatever. It would immediately look like a tax dodge. I would expect a serious talk with the IRS man long before year 4. Yeah this is an issue. Of course I would love for the side income to actually make money but in this competit...
by ginmqi
Thu Feb 28, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Re: Starting a travel blog/youtube channel and deducting travel expenses?

Maybe while you're at it, you could start a YouTube channel on the theme of paying rent, and another one on shopping at the supermarket, and another on driving a car, and so on. Then your whole life is a business expense to be deducted, from the couple of dollars that YouTube might pay you. How's t...
by ginmqi
Thu Feb 28, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Starting a travel blog/youtube channel and deducting travel expenses?
Replies: 16
Views: 825

Starting a travel blog/youtube channel and deducting travel expenses?

So DW and I are going to Vietnam in April for a week from friends' invitation to their wedding ceremony. And as a good millenial I realized I could start a travel blog or YT channel and document/write our experience as part of a new travel blog business and so much of the expense can also be tax ded...
by ginmqi
Mon Feb 25, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii
Replies: 44
Views: 3128

Re: First time to Hawaii

I think taking a bike to Hana is a good way to die. Between the stop and go traffic, potential for torrential rains, generally unsafe drivers, and roads that are in need of some repair...you'd be putting yourself and your passenger at undue risk. You should do the "road to Hana," but do it in a Mus...
by ginmqi
Mon Feb 25, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: First time to Hawaii
Replies: 44
Views: 3128

Re: First time to Hawaii

I would recommend not staying in Hilo (or anywhere on the east side). Stay in Kona or Waikoloa or anywhere in the Northwest side. The east (hilo) is cheap for a reason. THe weather there is drastically different from the west side. Hilo side is cheap because there are not many gorgeous beaches and ...
by ginmqi
Mon Feb 25, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 15072

Re: When taking Social Security @62 could be wise

"I reckon the majority of people take SS so early due to emotional fear of not living long enough and fear on missing out on payments." The majority of people take SS early because they need the funds in real time to live on. First consider that the average dollars saved by age group is very small ...
by ginmqi
Fri Feb 22, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

It's basically several economy trips or 1 really nice trip! I use my shorter domestic economy trips to earn miles to have a few really nice longer international trips (credit card miles/points help, too, of course). I very rarely buy domestic airline awards. Ah, very reasonable strategy. I don't tr...
by ginmqi
Fri Feb 22, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 15072

Re: When taking Social Security @62 could be wise

Decisions would be ever so much easier if we knew how long we were going to live! It would simplify the calculation, that’s for sure. Pretty much this. I reckon the majority of people take SS so early due to emotional fear of not living long enough and fear on missing out on payments. As a young pe...
by ginmqi
Thu Feb 21, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

If your plan is to fly economy, using Chase UR via the CSR at 1.5CPP is generally worth it until you are earning 1.6-1.7cpp on a transfer on a frequently used airline. Remember, when you book via the portal you will earn points for the flight. You generally earn approximately 10% back in points. Of...
by ginmqi
Wed Feb 20, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 2969

Re: Tax mistake

Yesterday, I got a bill stating another 30+% was due. They gave a number. I am calculating the percentages due to my never experiencing anyone having a marginal tax rate this high... It has to be a mistake because nothing has changed in the last few years in regard to my source of income. Or a scam...
by ginmqi
Wed Feb 20, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: T-Mobile Bank 4.00% APY
Replies: 6
Views: 1015

Re: T-Mobile Bank 4.00% APY

johnpau wrote:
Wed Feb 20, 2019 4:50 pm
Does it mean that they pay 4% APY only for the 0 to $3K balance and anything above 3K they pay 1% APY ?
Yes
by ginmqi
Wed Feb 20, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: T-Mobile Bank 4.00% APY
Replies: 6
Views: 1015

Re: T-Mobile Bank 4.00% APY

Yeah the low limit and hassle of having to keep track of yet ANOTHER bank account/login is not worth the additional dollars. Also, btw there are many checking accounts that can yield above 3% (one at 5%) and have higher limits (but can also have cumbersome monthly requirements to meet): https://www....
by ginmqi
Wed Feb 20, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I think I'll hold onto them for now and wait for better opportunities in the future. Be warned that usually every few years they change the redemption rates to devalue your long-saved points. Oh dang yeah that makes sense. I'll probably be able to use it later this year or next year at latest...def...
by ginmqi
Wed Feb 20, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: High earners: thoughts on college and aid
Replies: 91
Views: 7851

Re: High earners: thoughts on college and aid

This may be a bit off-topic but I wanted to raise some contrarian view/question: Why is it that as parents...you are essentially obligated by societal morals/expectations to save/invest/save and save some more for your kids' college tuition? For me personally my mother immigrated from a developing c...
by ginmqi
Wed Feb 20, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I think I'll hold onto them for now and wait for better opportunities in the future. Be warned that usually every few years they change the redemption rates to devalue your long-saved points. Oh dang yeah that makes sense. I'll probably be able to use it later this year or next year at latest...def...
by ginmqi
Wed Feb 20, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I agree. I'm early 40s and I'm pretty intolerant of 'cattle car' now. While I don't spring for business/first, I book premium economy for any flight more than ~3.5 hours if I can't get an exit row when booking. For anything more than ~5.5 hrs, I only select flights where I can get the bulkhead in p...
by ginmqi
Wed Feb 20, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I had a $900 one-way business class ticket on Condor last summer from Baltimore to Frankfurt. A one-way economy ticket would cost me at least $300, and so I overpaid no more than $600. I was able to sleep in business class, and when I arrived to Europe I had energy to enjoy it from the start. By co...
by ginmqi
Wed Feb 20, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

At current valuation and looking at cash prices, (35K miles OR $482 cash price) the valuation comes out to only about 1.37cpp...which is even lower than the Chase UR portal. At this point it seems like it's worth it for me to NOT use points and just pay cash price and then wait for future opportuni...
by ginmqi
Wed Feb 20, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: (For self-employed people), doesn't the new 199A deduction change the math on Roth vs Traditional?
Replies: 4
Views: 320

Re: (For self-employed people), doesn't the new 199A deduction change the math on Roth vs Traditional?

For folks that are self employed, I believe the new tax code may change the calculus on the roth vs traditional debate. I'm referring specifically to Section 199a (https://www.madfientist.com/section-199a/), or the "pass through" business deduction. This deduction allows for a 20% deduction of qual...
by ginmqi
Wed Feb 20, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

On another side topic: Are there ways to fund Vanguard/Fidelity accounts using credit cards? After my research it seems Vanguard does NOT allow 3rd-party checks (ie you can use a CC via Plastiq to send a check to businesses) and doesn't seem like Fidelity allow it either....would be nice to meet spe...
by ginmqi
Wed Feb 20, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

Man, so many airlines/programs to book through and award booking seems like it can be quite complicated. One airline miles/pts can be used to book another airline tickets. I'm looking for tickets from HNL to SGN, and UA had nice valuation for economy seats at 35K miles per way but due to timing we w...
by ginmqi
Fri Feb 15, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Citi 2.36% savings interest
Replies: 4
Views: 808

Re: Citi 2.36% savings interest

A ton of high yield savings/checking account options here: https://www.doctorofcredit.com/high-int ... gs-to-get/

MANY are 2.4% or higher and has no other cumbersome requirements.

There are some ultra HY checking accounts as well. Some earn 3%-5%+ provided you meet certain requirements.
by ginmqi
Fri Feb 15, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I don't ever fly business class. I used "not to fly Business class ever." Now, I am making exceptions for: (1) overnight flights from the U.S. to Europe to be able to sleep on the plane (2) cases when discounted points for Business class exist and for Economy don't (3) particularly cheap Business c...
by ginmqi
Fri Feb 15, 2019 1:22 pm
Forum: Personal Consumer Issues
Topic: Anyone use Turo as Side Income?
Replies: 11
Views: 1907

Re: Anyone use Turo as Side Income?

A huge factor that I suspect MANY turo owners do not take into account: That car insurance you have from Geico/Progressive/State Farm/Allstate? Yeah....good luck explaining to them why you're using your personal car in a commercial manner, which is likely prohibited by all personal car insurance pol...
by ginmqi
Fri Feb 15, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Why is 401k maxing preferred over taxable?
Replies: 79
Views: 6767

Re: Why is 401k maxing preferred over taxable?

Wow dude, sorry but your co-worker needs some big time education on how 401k works.

I mean it's completely simple math.

All else equal: I honestly don't see ANY situation where a taxable is actually preferable to a 401k due to the guaranteed tax savings....
by ginmqi
Thu Feb 14, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401(k) now more attractive given new 199A deduction announcement
Replies: 57
Views: 4910

Re: Roth solo 401(k) now more attractive given new 199A deduction announcement

I would implicitly trust the opinion of Steve Nelson. He is one small business CPA that has always demonstrated complete mastery of small business tax law. I find his analysis of this quote from the 199A regulations to make total sense. My concern was based on the fact that we didn't have any detai...
by ginmqi
Mon Feb 11, 2019 8:32 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard cuts expected stock market returns over the next decade]
Replies: 26
Views: 3471

Re: [Vanguard cuts expected stock market returns over the next decade]

So now Vanguard itself joints the many future-seers pontificating lower equity returns for the next 10 years. I too wish I had a crystal ball. (no offense to many many knowledgeable, some including those on this very board and indeed Mr. Bogle himeself, IIRC, has cautioned against a lower equity ret...
by ginmqi
Sat Feb 09, 2019 2:56 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5964

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

Even if bracket rates increase, it still depends on "how much" they increase. E.g., if instead of paying 22% you pay 26%, saving 32% now is still likely favorable. Although, Roth can still work out better if your future withdrawal tax rate is "somewhat" less than what you save now. See Maxing out y...
by ginmqi
Sat Feb 09, 2019 2:52 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5964

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

No. It makes no sense to pay 32% now when there is no guarantee you will pay at least 32% in the future. I'm sure there are some people who pay 32% in retirement, but it would be unusual. Probably VERY unusual. And the $200k/per year would not get you anywhere near a 32% bracket in most half way re...
by ginmqi
Sat Feb 09, 2019 2:30 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5964

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

Would it make sense then to step aside from the math for a second and look at maybe the human/psychological factor? In a way, if you prefer Roth you are betting that the overall tax climate will become UNFAVORABLE in the far future, especially if you have a larger than avg portfolio and plan to live...
by ginmqi
Sat Feb 09, 2019 2:24 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5964

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

$200K income for MFJ would just barely put you in the 24% bracket now, even if that is all ordinary income. Saving 32% now by using traditional still looks better. Indeed, this is the big assumption that no one knows for sure but its so crucial to these analysis....what will the tax brackets look l...
by ginmqi
Sat Feb 09, 2019 2:16 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5964

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

Would it make sense to prefer Roth in the following scenario? (realizing I would still sock away good amount of money for tax-deferred dollars for diversification as noted above) - For 2019, will be at 32% marginal rate (MFJ), and likely staying here or potentially increase for the rest of my workin...
by ginmqi
Fri Feb 08, 2019 6:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 52327

Re: Vanguard Prime Money Market yield over 2.5%

I'm reading the FAQ on Vanguard: What is a VanguardAdvantage account? A VanguardAdvantage account lets you consolidate and manage your investment and cash management needs in one convenient place. You get the ability to trade stocks, bonds, certificates of deposit (CDs), and non-Vanguard mutual fund...
by ginmqi
Wed Feb 06, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 52843

Re: [Ally online savings now at 1.80%]

you can do so much better with Prime Money Market Funds or even T-Bills. How do you calculate the difference to know which is better? The 2.2 % vs Prime MM fund with the expense fee Vanguard's Prime MMF currently yields 2.49% APY. This is the net APY, after the expenses of the fund were deducted. a...
by ginmqi
Wed Feb 06, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Those who do not fly coach, where do you buy your tickets?
Replies: 30
Views: 5263

Re: Those who do not fly coach, where do you buy your tickets?

Wow, just read about the "hotel dumping" trick above... VERY very interesting...I'll need to look into that ASAP. I assume this is when you look for a packaged deal and "dump" the hotel from the package and only take the flights. Now in this case, I assume there is no risk in skipping out on the hot...
by ginmqi
Wed Feb 06, 2019 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Those who do not fly coach, where do you buy your tickets?
Replies: 30
Views: 5263

Re: Those who do not fly coach, where do you buy your tickets?

I buy most of my J and F class tickets via points but when I pay cash I have used the following sources: Flyertalk premium fare forum (linked in a post above). Great source. Various blogs focused on fare deals. Google Flights/ITA Matrix Amex IAP (if you hold an Amex platinum card) Play games with r...
by ginmqi
Wed Feb 06, 2019 12:13 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 240
Views: 37081

Re: How Much in Your Emergency Fund And Is It Used?

I don’t view my liquidity as an “emergency” fund. I keep a fair bit in savings/checking accounts to cover lumpy expenses. Recent examples would include new boats($100k), new dock ($30k), vacations($40-100k), reno at condo(($110k). These expenses were generally planned for but timing and amount was ...
by ginmqi
Tue Feb 05, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4157
Views: 804237

Re: What's Your Credit Card Rewards Strategy?

I applied for the arrival card and they wanted me to send them copies of my SS card,drivers license,utility bill,etc.I applied for the Chase SWA at the same time and had the card in my hand within 2 weeks or so.I have never been asked to mail in personal ID stuff before and I even had a Barclay car...
by ginmqi
Mon Feb 04, 2019 7:38 pm
Forum: Personal Consumer Issues
Topic: Free Southwest Companion Pass for 2019
Replies: 63
Views: 6368

Re: Free Southwest Companion Pass for 2019

Is there any chance SW expands to more than just Central America/Mexico in terms of international destinations? CP would be immensely valuable for trans-atlantic/pacific routes, but I assume the bean counters would've done their homework and this dream is likely too good to be true. (Not to mention ...
by ginmqi
Mon Feb 04, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1874

How exactly are eligible deaths determined for term life insurance

Wife and I were talking about needing to purchase a term insurance for her (I already have one) as we are getting more financially savvy. We discussed the classic scenarios of when insurance would not pay out: suicide, conspiratorial or un-natural death caused by those who would benefit from the pay...
by ginmqi
Mon Feb 04, 2019 7:18 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 19882

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

Be sure to thank the Boglehead site owners as they are leaving a tremendous amount of cash on the table by keeping the content here ad-free. ^^ THIS ^^. Wow, that's a VERY good point. I didn't even realize but this is correct. Though I use adblocker anyway so it's a given for me to minimize/avoid o...
by ginmqi
Mon Feb 04, 2019 7:16 pm
Forum: Personal Consumer Issues
Topic: Free Southwest Companion Pass for 2019
Replies: 63
Views: 6368

Re: Free Southwest Companion Pass for 2019

Indeed. And with the signup bonus of 110k, I would imagine that's at least good for 2 or more round trip US domestic flights...maybe more if your dates are flexible and whatnot. So you can essentially get lot of couples traveling done in that 1st year. I would imagine once they finally are able to s...
by ginmqi
Mon Feb 04, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 112
Views: 19882

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

Just to put things in perspective if you plan do do something similar - Mr Money Mustasche makes over $400k per year from advertisements on his websites alone. It's in a New Yorker article from earlier this year. Obviously he doesn't spend the vast majority of it given his thriftiness, but it does ...