Search found 164 matches

by physiorol
Thu Sep 27, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Canvas car leasing?
Replies: 1
Views: 233

Canvas car leasing?

Is this a really stupid idea?

https://drivecanvas.com/
by physiorol
Sat Aug 18, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: List of industries according to total or expected economic impact
Replies: 2
Views: 169

List of industries according to total or expected economic impact

How would someone figure out how much money is in each industry? I know the BLS has codes for different industries in the US. Is there some kind of data on what percent of our economy is provided by each industry? Ideally, the breakdown would be a little more specific than financial, defense, health...
by physiorol
Sun Jan 21, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6759

Re: Should I buy a business or suck it up at a job(s) with a pension.

When you work for yourself, your boss is a real a**hole.

Don't do it.
by physiorol
Sun Jan 21, 2018 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9335

Re: Lost money through Bitconnect scam - learned my lesson

There is something to be said for having the courage to take action, even if in hindsight the action resulted in an undesirable but not future-ending outcome. You took a calculated risk with limited information...pretty much how life goes. Big difference with investing is that you can quantify your ...
by physiorol
Mon Dec 11, 2017 12:18 am
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 4732

Re: Please suggest a dry hands product

Burt's Bees hand salve is good but does have an odor. At night, try putting Aquaphor on them at bedtime. It's similar to Vaseline but less odor. Both (Aquaphor and Vaseline) are so greasy that I wouldn't want to use during the day. Both will stain your clothes as well. 1+ Both are good. I use aquap...
by physiorol
Wed Oct 11, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 19283

Re: Bay Area Real Estate

He would have had he not lost the property in foreclosure in 2009. :oops: So passing on the family home in a state like CA (prop 13) could provide a massive financial advantage to offspring. In theory. It would be interesting to have an analysis done to see how many properties have Prop 13 status f...
by physiorol
Wed Oct 11, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 19283

Re: Bay Area Real Estate

Correct. People try to keep the property in the family with its low tax assessment which passes from generation to generation. Selling makes no sense if it can be avoided. Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the par...
by physiorol
Sat Oct 07, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 19283

Re: Bay Area Real Estate

Correct. People try to keep the property in the family with its low tax assessment which passes from generation to generation. Selling makes no sense if it can be avoided. Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the par...
by physiorol
Sat Sep 30, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 19283

Re: Bay Area Real Estate

Correct. People try to keep the property in the family with its low tax assessment which passes from generation to generation. Selling makes no sense if it can be avoided. Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the par...
by physiorol
Fri Sep 08, 2017 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 29
Views: 6184

Re: Opening a medical office...Can it still be done?

Before going any further you have to ask yourself are you passionate about starting your own practice with your vision of how to practice OR just want to run away from your current gig. If it is the former seriously consider it. If it is the latter no point reading any further. If it is the former ...
by physiorol
Tue Sep 05, 2017 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 29529

Re: Becoming a Landlord: My Experiences

I can also put the "plugged toilet at midnight" issue to rest. It just has not happened in several decades of owning multiple rentals. If all of the units you have are at least 1.5 bath, a plugged toilet is not an emergency, it is a minor inconvenience which can wait until normal business hours. Ex...
by physiorol
Tue Aug 29, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: 401K roller to IRA. Need to consider Roth?
Replies: 11
Views: 1379

Re: 401K roller to IRA. Need to consider Roth?

Hi Celia Thanks for the clarification. I confirmed that my current employer 401K plan has no asset management or admin fees. So I would pay just the expense ratio of 0.01 on my single fund which is BTC lifepath 2035. Not sure how good the Blackrock target-date funds are considered, but not sure it i...
by physiorol
Mon Aug 28, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: 401K roller to IRA. Need to consider Roth?
Replies: 11
Views: 1379

Re: 401K roller to IRA. Need to consider Roth?

How high are the fees in the old 401k? Is keeping it impossible? Or does one of these "other employers" you mentioned have a 401k plan you could roll your old 401k into? You need to avoid having a large tIRA balance like the plague if you might want to make use of a backdoor Roth maneuver. The othe...
by physiorol
Mon Aug 28, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: 401K roller to IRA. Need to consider Roth?
Replies: 11
Views: 1379

Re: 401K roller to IRA. Need to consider Roth?

For example , say you have $297,000 in a Rollover IRA. You want to contribute $3,000 to a Roth by using the backdoor Roth process. The $3,000 is contributed to a traditional IRA but is NOT DEDUCTED on your taxes. This becomes your "basis" (value of the TIRA that already had taxes paid on it). The t...
by physiorol
Fri Aug 25, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: 401K roller to IRA. Need to consider Roth?
Replies: 11
Views: 1379

Re: 401K roller to IRA. Need to consider Roth?

OK I will add some more details, and of course a couple more questions Current and future earnings estimate: Right now we make together around 225+K and I would say that we expect to stay around the 200K earning in today's dollars for the next 10 years. In our 60's we will continue to work but may c...
by physiorol
Fri Aug 25, 2017 12:40 am
Forum: Investing - Help with Personal Investments
Topic: 401K roller to IRA. Need to consider Roth?
Replies: 11
Views: 1379

401K roller to IRA. Need to consider Roth?

Hello there Our 401k (wife and me) is being terminated. We were business owners, but have downsized and the 401K does not make sense anymore due to fees and most of our income coming from other employers. I have about 350K and she has about 180K of assets in the old 401K I need to move this to an IR...
by physiorol
Wed Aug 02, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: 403(B) 0.77 admin expense no matching
Replies: 8
Views: 829

Re: 403(B) 0.77 admin expense no matching

Is your wife a k-12 teacher by any chance? Valic may not be the only vendor she can use. Sometimes people think they only have one vendor available for various reasons. If she is a teacher have her check http://www.omni403b.com to see the other vendors a available. That could be the third party adm...
by physiorol
Tue Aug 01, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: 403(B) 0.77 admin expense no matching
Replies: 8
Views: 829

Re: 403(B) 0.77 admin expense no matching

We need a little more information about the old 401k. I would consider rolling over her old 401k balance to an IRA at Vanguard if the the fees are lower than her old 401k. Sorry, I was not clear. The old 401K is closing as the business is shutting down, so the balances need to be rolled over. Howev...
by physiorol
Tue Aug 01, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 403(B) 0.77 admin expense no matching
Replies: 8
Views: 829

403(B) 0.77 admin expense no matching

Hi My wife's employer offers a 403(b) but there is no employer matching contributions and the fees are a tad high. The available funds are good and low cost eg (http://www.morningstar.com/funds/XNAS/VTHRX/quote.html) But the administrator (VALIC) charges 0.77 admin fee on top of the mutual funds adm...
by physiorol
Sun Jul 23, 2017 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Helping foreign nephew get settled
Replies: 11
Views: 1680

Re: Helping foreign nephew get settled

JGoneRiding wrote:He has been working for them in NY, does he really need this much help from you?
This seems to be playing out. He wasn't very interested in us providing a car when we offered, so we backed off. I guess he has to do things at his own pace.
by physiorol
Sat Jul 22, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Helping foreign nephew get settled
Replies: 11
Views: 1680

Re: Helping foreign nephew get settled

A Costco membership will pretty much guarantee getting the Costco branded Visa card, which is an all around pretty good card. One trick to help others build a credit history is to make them authorized users on your credit cards. You could acquire a new credit card for yourself but for the specific ...
by physiorol
Thu Jul 20, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Helping foreign nephew get settled
Replies: 11
Views: 1680

Re: Helping foreign nephew get settled

OK all very helpful, thanks He can probably rent an apartment with first/last months rent and evidence of employment history. Which he has as he was working for them in NY since March. I will look into long-term leasing and if not put the car title in his name and have him get his own insurance. Her...
by physiorol
Thu Jul 20, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Helping foreign nephew get settled
Replies: 11
Views: 1680

Helping foreign nephew get settled

My nephew, from Europe, has been sent to the US to work for a European company, but he is not on an "expat" package that includes housing etc. He will be moving about 7 hours from where we live. He has two primary needs and we would like to help him out as much as possible. He is trustworthy and har...
by physiorol
Thu Jul 06, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Task management / organizing app
Replies: 52
Views: 3051

Re: Task management / organizing app

I struggle with this as well. Recently, I have been having pretty good success using a combination of google calendar for specific meetings and google keep for lists that can include reminders I am sure there are other apps with more bells and whistles but these additional features can be a barrier ...
by physiorol
Wed Jun 14, 2017 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Having someone else pay our mortgage
Replies: 13
Views: 3256

Re: Having someone else pay our mortgage

We did it but are yet to move in. We do not see it as an investment, we see it as more of an insurance policy. We purchased when we could, not knowing if when we retired we would be able to afford it, with the way appreciation goes in California.
by physiorol
Sun Jun 11, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Small company 401k
Replies: 30
Views: 3172

Re: Small company 401k

1+ for employee fiduciary
by physiorol
Thu Jun 08, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: from solo proprietorship to ... what?
Replies: 11
Views: 1389

Re: from solo proprietorship to ... what?

I think you have the options correct, but I think you should consider C-corp not S-corp (unless she is in one of the professional codes). To me the best thing would be a commision split from the company to your wife and the new person both receiving 1099's. This should minimize liability to your wif...
by physiorol
Thu Jun 08, 2017 12:46 am
Forum: Personal Consumer Issues
Topic: Trailer Towing Tidbits? [and epilogue]
Replies: 52
Views: 4638

Re: Trailer Towing Tidbits?

I built and pull a 4X8 trailer behind my sedan. Lower gas mileage. Wider turns. Park in the Semi-truck area of rest stops. Try to avoid backing up in parking lots or any long, narrow areas, as this is a skill that requires practice. By the end of your trip you might have it down. Use your side mirr...
by physiorol
Mon Jun 05, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Employer life insurance versus personal life insurance
Replies: 16
Views: 1781

Re: Employer life insurance versus personal life insurance

OK, Thanks for all the input. What I am hearing is stick with the personal plan, at least for the next 5 years. Additional information: The job is in healthcare and I do not think I would leave or be let go within the next 20 years prior to retirement, but you never know. When I contacted benefits d...
by physiorol
Sun Jun 04, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Employer life insurance versus personal life insurance
Replies: 16
Views: 1781

Re: Employer life insurance versus personal life insurance

It says this on the enrollment page

You may convert the entire amount of this plan to an individual policy by contacting

Metropolitan Life Insurance Company
by physiorol
Sun Jun 04, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Employer life insurance versus personal life insurance
Replies: 16
Views: 1781

Employer life insurance versus personal life insurance

I recently got hired at a company that offers all sorts of benefits at additional cost to me. They generally seemed pretty affordable so in addition to medical and dental I signed up for Disability insurance at 60% of salary (premium paid with post tax dollars so disability payouts are not taxed?) A...
by physiorol
Tue May 23, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 41
Views: 7986

Re: I admit, I give up [need strategy for getting back in]

I did a similar thing with much of my portfolio during the last recession as well, so I feel your pain. Psychologically it was easier for me to gradually come out of MM into stocks/bonds. The all at once switch may make more rational sense but the incremental return felt safer to me. I feel a sense ...
by physiorol
Fri May 05, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 5144

Re: Job Decision

- Take the offer on Monday. Thank them for the opportunity to reconsider and tell how much you love working with the team :happy - Begin looking for a new job. Plan a break between jobs. Take advantage of COBRA to maintain health insurance between jobs - Places you like to visit (mountains, farms, ...
by physiorol
Sun Apr 30, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Termination of 401K Plan (business closing)
Replies: 6
Views: 1135

Re: Termination of 401K Plan (business closing)

I am in the middle of terminating a pension plan for a company that my wife owns. One thing that I had not thought of was that if the plan owned any individual stocks, then some some stocks may have a dividend record date before the plan distribution, but a pay date after the plan distribution date...
by physiorol
Sat Apr 29, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Termination of 401K Plan (business closing)
Replies: 6
Views: 1135

Re: Termination of 401K Plan (business closing)

I won't speak to the independent contractor/employee issue. Regarding terminating a plan, here's a good Q&A, along with a plan termination checklist. I recommend reading this and then let the board know if you have questions. http://www.dwcconsultants.com/knowledge_center/PlanTermination.php Helpfu...
by physiorol
Thu Apr 27, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Termination of 401K Plan (business closing)
Replies: 6
Views: 1135

Re: Termination of 401K Plan (business closing)

Do you have employees that will continue to work at your corporation? We will not have any full time employees. But we may have need to keep on some of our instructors on occasionally, but I was thinking of switching them over to 1099's so I would not have to continue to fund a payroll service. I w...
by physiorol
Thu Apr 27, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Termination of 401K Plan (business closing)
Replies: 6
Views: 1135

Termination of 401K Plan (business closing)

Hello I am moving from self-employed status to a salaried position. I may continue to do some work outside of my salaried position so I was planning on keeping my corporation going, but could switch to scheduled C only. I expect my non-salaried gross income to be in the area of 50K per year. Current...
by physiorol
Mon Apr 10, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Healthcare Plan Recommendations For Self Employed
Replies: 6
Views: 1090

Re: Healthcare Plan Recommendations For Self Employed

I would second the Kaiser Vote for self employed persons with High deductible plan. Kaiser (NorCal) provides email and video contact with your physicians without charge. So you can avoid $200 office visits charges for simple requests. Also in my area, the covered california plans with anthem, BS etc...
by physiorol
Mon Mar 27, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 10714

Re: Massive Student Loan Debt - Girlfriend

You've been dating 8 months. There are other girls out there without $175k in debt. This is Bogleheads. Costs matter. Seriously, this degree could have been had from an in state school for $60k, and I'd want to know why the $175K route was taken, understanding the behavior. Not sure how much of the...
by physiorol
Sun Mar 26, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 10714

Re: Massive Student Loan Debt - Girlfriend

Aside from the debt, she is extremely responsible financially - very frugal, very careful budgeting, not reckless in any way. I think this is the key. Racking up student loan debt should not be considered the same as CC debt from expensive dinners or outfits. If you anticipate that you and her will...
by physiorol
Tue Mar 21, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 6532

Re: Advice: Overextending by buying? How much house to buy?

somekevinguy wrote:
ysette9 wrote: Where would you be looking for a house if you were me?
Somewhere in the catchment of Fremont High School in SV. Hopefully, one of the neighbourhoods that feeds into a good elementary school, but if the elementary school is not to your liking your kids can go private until high school.
by physiorol
Wed Mar 15, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: I can't contribute to my 401(k) due to "safe harbor" rules
Replies: 15
Views: 2688

Re: I can't contribute to my 401(k) due to "safe harbor" rules

I would have thought that the 12 month time-limit is more a function of the policies of your employees 401K that were decided upon at 401K founding and not safe-harbor rules. From what I remember, the time-limit to adding an employee to the plan does not specify when they can join without matching. ...
by physiorol
Wed Mar 15, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Buying a rental car.. Any new experience?
Replies: 76
Views: 8957

Re: Buying a rental car.. Any new experience?

It seems that with Certified Pre-owned most manufacturers give a 7 year/100,000 mile power train warranty, but with the rental car you only get 1 year/12,000 miles. I have been looking at the two options rental car company purchase versus CPO. Then the CPO would be equal to = rental + extended warr...
by physiorol
Wed Mar 15, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Buying a rental car.. Any new experience?
Replies: 76
Views: 8957

Re: Buying a rental car.. Any new experience?

I just purchased a CPO that was originally a rental car so my warranty comes from the manufacturer. Buying rental cars is a good overall strategy because the rental companies maintain their vehicles much better than most private owners do. Remember more than likely you'll have an electronics failur...
by physiorol
Thu Mar 09, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 13871

Re: 2017 Honda Civic not recommended by Consumer reports

bottlecap wrote:CR really isn't much of an authority anymore. It just one source of information and is of limited value.
I wonder if they suffer from meteorologist's syndrome. Don't want to mis a big flaw, and eat crow later, so they over emphasize potential negatives.
by physiorol
Wed Mar 08, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 13871

Re: 2017 Honda Civic not recommended by Consumer reports

I suspect it's related to issues with the redesign, but I've seen a pattern where Toyota or Hondas may appear to get dinged on reliability in the first year, but then five years later I look back at the long term reliability for that same year and its excellent. If it were me I'd probably wait anot...
by physiorol
Wed Mar 08, 2017 5:51 pm
Forum: Personal Consumer Issues
Topic: 2017 Honda Civic not recommended by Consumer reports
Replies: 44
Views: 13871

2017 Honda Civic not recommended by Consumer reports

Hello Looking at getting my wife a new car. One option we like is the civic hatchback but consumer Reports rates its predicted reliability at "much worse" and does not give it the "Recommended" label. This goes against my expectation of civics being vehicle that will go for 200000 miles. Do the cons...
by physiorol
Wed Mar 08, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Buying a rental car.. Any new experience?
Replies: 76
Views: 8957

Re: Buying a rental car.. Any new experience?

I just purchased a CPO that was originally a rental car so my warranty comes from the manufacturer. Buying rental cars is a good overall strategy because the rental companies maintain their vehicles much better than most private owners do. Remember more than likely you'll have an electronics failur...