Search found 231 matches

by yangtui
Sat Sep 21, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: vanguard investment platform
Replies: 5
Views: 248

Re: vanguard investment platform

With things like this I usually wait until I am forced to do so. Give them time to sort out the kinks.
by yangtui
Thu Sep 19, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 154
Views: 6617

Re: How to handle "split-the-bill" group lunches?

Take control of the situation and say you will figure out what everybody owes. You can put the full amount on your card and get cash from everybody else.
by yangtui
Wed Sep 18, 2019 5:03 pm
Forum: Personal Investments
Topic: Help with basic investing
Replies: 4
Views: 322

Re: Help with basic investing

pkcrafter wrote:
Wed Sep 18, 2019 4:53 pm
Welcome Victory,

We can get you going, but we need more information. Please edit your original post to include the information in this link. You can edit by using the pencil icon (top right corner) in your post above.

viewtopic.php?f=1&t=6212

Paul
+1
by yangtui
Sun Sep 15, 2019 8:07 pm
Forum: Personal Investments
Topic: Investing $ for 3 years horizon
Replies: 4
Views: 687

Re: Investing $ for 3 years horizon

The search function is your friend.
by yangtui
Sun Sep 15, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: last minute quarterly tax payment question?
Replies: 5
Views: 539

Re: last minute quarterly tax payment question?

Going forward if you believe your income will be the same or more yoy it is easier to just make safe harbor payments and true up any additional amount owed when you file your return(s). As others have mentioned, you need to deal with Federal/State/Local separately. Google can help you find the relev...
by yangtui
Sun Sep 15, 2019 9:55 am
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 11396

Re: 5% Withdrawal Rate Recommended by US News Columnist

Being a US News Columnist doesn't mean this person is worth listening to.
by yangtui
Sun Sep 15, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Time for QCD/IRA RMD -- need dividend estimate
Replies: 10
Views: 513

Re: Time for QCD/IRA RMD -- need dividend estimate

If you have an amount withheld that is equal to last year's taxes, you have a "safe harbor" payment. If it turns out to be too low, just pay the difference when you file your taxes. There will be no penalty nor interest for the underpayment. +1 I am a big fan of making safe harbor payments and then...
by yangtui
Sun Sep 15, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 5859

Re: Do you trust Microsoft updating your Windows 7 machine?

I am thinking they are trying hard to make a perfectly good system obsolete, hoping that consumers will go out and purchase their Windows 10 offering. If MS does not provide updates/patches for Windows 7 it would very quickly not be a perfectly good system. It costs them money to do this. As others...
by yangtui
Fri Sep 13, 2019 2:29 am
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6001

Re: How many years for each $250k of net worth?

You should play around in Excel to get your answer. You can change the variables and make the necessary assumptions to get your answer.
by yangtui
Thu Sep 12, 2019 7:32 pm
Forum: Personal Consumer Issues
Topic: [Buying 1/2 pint milk in bulk for school lunches?]
Replies: 68
Views: 4246

Re: [Buying 1/2 pint milk in bulk for school lunches?]

Can you ask the school what they pay to buy the milk? Maybe they are not marking up the milk that much and even if you could buy it yourself in bulk you wouldn't be saving a material amount of money.
by yangtui
Thu Sep 12, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I make multiple estimated income tax payments online (for 1040-ES) in a quarter?
Replies: 8
Views: 915

Re: Can I make multiple estimated income tax payments online (for 1040-ES) in a quarter?

That would probably work. Taxing authorities are usually pretty lenient about these kinds of things. As long as they get the money before the deadline they do not really care how they received it or where it came from. You could probably send them one hundred ten dollar checks. It might require seve...
by yangtui
Thu Sep 12, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks in a Extremely low interest rate environment
Replies: 16
Views: 2325

Re: Dividend stocks in a Extremely low interest rate environment

Sure, that sounds plausible. Investors that do not understand the difference between a dividend and interest might bid up the prices of those stocks reaching for yield. It is probably not a good idea but a lot of people might do it.
by yangtui
Thu Sep 12, 2019 11:58 am
Forum: Personal Investments
Topic: undervalued in the current crazy market
Replies: 19
Views: 1631

Re: undervalued in the current crazy market

What do you mean by "current crazy market"? I would get that thinking under control before you hurt yourself financially.
by yangtui
Mon Sep 09, 2019 7:55 am
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4185

Re: Does a FA make sense at a certain portfolio level?

If you have enough money, it makes sense to have access to a family office which would include some traditional financial advisory type services. I have never seen a Boglehead poster talk about having that level of wealth. To answer your question more directly, no.
by yangtui
Mon Sep 09, 2019 4:43 am
Forum: Personal Investments
Topic: Getting 401k squared away.
Replies: 13
Views: 1028

Re: Getting 401k squared away.

mbr961, welcome to the forum. You might take a look at How To: Write a "Case Study" Topic and Asking Portfolio Questions , and update your post with that type of information. That should improve the specificity of responses for you. See also Investment Order and Three-fund portfolio for some generi...
by yangtui
Mon Sep 09, 2019 4:37 am
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3419

Re: Going desktop-less?

Why have so many posters mentioned concerns about the computer being stolen? I agree. Unless you need a high-end one for gaming or something, laptops are incredibly cheap. My laptop's data is backed up to the cloud and encrypted. It is way down the list of items that I own that I am afraid of havin...
by yangtui
Mon Sep 09, 2019 4:28 am
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3419

Re: Going desktop-less?

I have been desktop-less for 14 years now. My current setup is a refurbished Windows 7 Elitebook 2570p that I bought in 2015. I added an SSD in 2017. When I want to use it to do work I have two 25 inch monitors, a keyboard, and mouse.
by yangtui
Sun Sep 08, 2019 9:52 pm
Forum: Personal Consumer Issues
Topic: Insurance against expensive lawyers, is there such a product?
Replies: 8
Views: 1382

Re: Insurance against expensive lawyers, is there such a product?

Even if such a product exists, this seems like a pretty outlandish scenario to insure against. Assuming you do not actually break the law, if you avoid dealing with sketchy people and talking to law enforcement without a lawyer you are probably going to be fine.
by yangtui
Sun Sep 08, 2019 11:58 am
Forum: Personal Investments
Topic: Is it a right time to start invest ?
Replies: 27
Views: 2603

Re: Is it a right time to start invest ?

A helpful exercise to undertake might be to identify where you are hearing this noise and then making an effort to cut it out of your life. A big part of successful investing is making sure you are consuming good and actionable information. A lot of what is out there is just financial porn (noise).
by yangtui
Fri Sep 06, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: Should I join an elite social club for adults?
Replies: 27
Views: 3244

Re: Should I join an elite social club for adults?

a club that advertises on facebook to get members is probably not a club worth joining.
by yangtui
Fri Sep 06, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 6954

Re: Mensa membership

I would much rather join an organization filled with people that have elite level EQs. That would probably be a good time.
by yangtui
Fri Sep 06, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Failed to file S Corp Taxes on time, fined by the IRS
Replies: 23
Views: 3298

Re: Failed to file S Corp Taxes on time, fined by the IRS

As a lesson here, when a taxing authority thinks they are owed money they never go away. Even if you never owed it to begin with, the debt might still end up in the hands of a third party collector. I have seen this play out hundreds of times. Never ignore a letter. Always deal with the issue ASAP.
by yangtui
Fri Sep 06, 2019 6:45 am
Forum: Personal Consumer Issues
Topic: Problems with flights to Bogleheads conference
Replies: 7
Views: 1285

Re: Problems with flights to Bogleheads conference

Right, these situations happen and at least they did it a month in advance not hours before. Figure out what flight you want to be on then call Southwest and let them know what they rebooked you on won't work and here's what will. Sit in front of your computer when you call so you can look anything...
by yangtui
Fri Sep 06, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 4967

Re: Stressed Over Money 25 Yr. Old

BarbBrooklyn wrote:
Fri Sep 06, 2019 6:28 am
Are you paying your parents for rent?
I would only worry about this if it is a burden having you around and/or they need the money. The enjoyment they get from having you and your daughter live with them might give them far more value than any actual cash rent you might pay.
by yangtui
Fri Sep 06, 2019 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 4967

Re: Stressed Over Money 25 Yr. Old

Your lifestyle seems to work for you. Do you think it will be good long-term for your child? If you honestly do and do not think you are depriving her of anything then I would take a chill pill and keep doing what you are doing. My only concern would be mitigating/eliminating any potential future fi...
by yangtui
Fri Sep 06, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Starting A New Busines
Replies: 23
Views: 1821

Re: Starting A New Busines

depending on the nature of your business, an llc might be pointless and an unnecessary expense. generally speaking, it will not shield you from legal liability resulting from your actions. business (e&o) insurance is most likely far more important from a personal liability management perspective. yo...
by yangtui
Thu Sep 05, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3183

Re: How often do you receive out-of-sequence pay bumps?

I have found that once you hit a certain baseline level of performance any additional effort is a waste of time. You are better off networking with the right people and making sure they like you. At the end of the day, perception seems to be all that really matters. You might be technically better ...
by yangtui
Thu Sep 05, 2019 1:34 am
Forum: Personal Investments
Topic: Vehicle savings with a Vanguard fund
Replies: 14
Views: 1466

Re: Advice for vehicle replacement savings fund

Do you need this vehicle to do your job? At your income level I would be looking for a MUCH cheaper car.
by yangtui
Thu Sep 05, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3183

Re: How often do you receive out-of-sequence pay bumps?

Gosh! And I thought I had it bad. One thing I've learned after being in the rat race for over two decades - meritocracy is definitely way over-rated. Maybe it works at <your pet company>, but the ones I've worked at - it's been more about whether the boss likes you and has lunch with you or not. At...
by yangtui
Thu Sep 05, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3183

Re: How often do you receive out-of-sequence pay bumps?

I received two 10% out-of-sequence pay bumps over a two year period. Once I stop growing professionally and the increases in pay slow down it is time to start looking for a new job. I did that and got a 27% pay increase with more exciting job responsibilities. Probably in another two to five years I...
by yangtui
Tue Sep 03, 2019 9:18 pm
Forum: Personal Investments
Topic: How do you let go of decisions that turned out to be the wrong ones?
Replies: 63
Views: 4863

Re: How do you let go of decisions that turned out to be the wrong ones?

Every time I make one I treat it as a learning opportunity. Knowing that I learned from it means that going forward I am now a better person. It is important to look at the aggregate results of all of your decisions. Chances are even with a bunch of big, and probably stupid, mistakes you are moving ...
by yangtui
Tue Sep 03, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: Internet security and vpn
Replies: 35
Views: 2851

Re: Internet security and vpn

The elephant in the room is why you trust a lost cost $1.99 offshore VPN provider more than your local ISP, but I guess it depends on what your true concern is. Too many people treat these VPN services as some magical creature that just makes everything right with the world. +1 Yea, I trust VPN pro...
by yangtui
Tue Sep 03, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Advice for "side-hustle" CFP as accountant? Is it possible?
Replies: 9
Views: 847

Re: Advice for "side-hustle" CFP as accountant? Is it possible?

How will you find clients - or clients find you? Lots of people here enjoy talking about personal finance, have built models, etc. Not a lot of people enjoy cold-calling or other marketing of their own services, and not a lot of people feel comfortable hitting up relatives, friends, etc. for busine...
by yangtui
Tue Sep 03, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 61
Views: 3631

Re: Cash & Checkbook Register Reconciliation

That’s was part of my reasoning for wanting to move away from regurgitating the activity online into the checkbook register. I have never found a mistake by any bank. you should be able to pickup on any material mistakes just by quickly eyeballing the monthly activity. unless you have cash flow iss...
by yangtui
Tue Sep 03, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice for "side-hustle" CFP as accountant? Is it possible?
Replies: 9
Views: 847

Re: Advice for "side-hustle" CFP as accountant? Is it possible?

Do you have any tax experience? Are you a CPA (if so then CFP would probably be overkill from a sales/marketing perspective)? Based on your background it would probably be easier to sell outsourced bookkeeping/accounting services. Since you seem to have some FP&A/budgeting experience, that might be ...
by yangtui
Mon Sep 02, 2019 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Investing in my Company Stock Plan (ESPP) - is it worth it?
Replies: 39
Views: 2035

Re: Investing in my Company Stock Plan (ESPP) - is it worth it?

i had this deal at my previous company. 100% match up to a certain amount with a 5 year holding period. if you left the company before the end of the five years the stock is liquidated immediately. the match is treated as ordinary income in the year you buy the shares. your basis is contribution + m...
by yangtui
Sun Sep 01, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 61
Views: 3631

Re: Cash & Checkbook Register Reconciliation

The little booklet in the checkbook doesn't take up much space or time. I write a check or go to the ATM - subtract it. Make a deposit - add it. I'm 69 and have always done it this way. It's not difficult. Every month or so I check online to see if the balance matches. Have you ever found a materia...
by yangtui
Sun Sep 01, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 948
Views: 100011

Re: What frugal thing did you do today?

I booked a room at the Holiday Inn Express instead of the regular Holiday Inn. It was cheaper but I prefer the Express anyway.
by yangtui
Sun Sep 01, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Bank Link for Consolidated Portfolio Report
Replies: 4
Views: 367

Re: Bank Link for Consolidated Portfolio Report

I am not a fan of aggregation tools. Excel is so much better. I tried Mint and was extremely unimpressed by its functionality.
by yangtui
Sun Sep 01, 2019 9:51 am
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 12854

Re: 3 fund people how are you feeling?

I am feeling fantastic. Just got a new job. As soon as I found out I quit my previous one to travel worry free for three weeks. When my new role starts I will continue to max out all tax advantaged space. Do you know something we do not know that should be making us nervous? Chatter is usually nonse...
by yangtui
Sun Sep 01, 2019 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 61
Views: 3631

Re: Cash & Checkbook Register Reconciliation

I put pretty much everything I can on credit cards. Probably write one check per year on average. If I do need to pay an individual or small business I use online bill pay and let my bank issue the check/pay postage. I scan all of my activity online roughly once a month to make sure it looks right. ...
by yangtui
Sun Sep 01, 2019 1:46 am
Forum: Personal Finance (Not Investing)
Topic: Gifting to Kids with Lower Tax Rates
Replies: 13
Views: 1227

Re: Gifting to Kids with Lower Tax Rates

I would talk to a tax professional that has experience with intergenerational wealth transfers. Cheaper to get it right up-front versus making mistakes and getting slammed in an audit.
by yangtui
Sat Aug 31, 2019 8:09 pm
Forum: Investing - Theory, News & General
Topic: Bad time to buy total bond?
Replies: 32
Views: 4568

Re: Bad time to buy total bond?

You are using irrelevant information and assumptions to make a decision here. Avoid market timing. You should be focusing on maintaining your asset allocation per your IPS.
by yangtui
Thu Aug 29, 2019 10:55 pm
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4550

Re: Young people with good earnings and still want to work do 100 equities

If you have a long enough time horizon and the ability to deal with large swings then sure. Most people do not have that kind of resolve though. Even if they think they do they cannot really be sure unless they have been tested. I try to manage my finances for the bad times, not the good.
by yangtui
Thu Aug 29, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 51
Views: 3199

Re: Side Hustle

for a lot of people side hustle is just a sexy way of saying that they have a second job because their primary one doesn't pay enough. i cringe whenever i hear somebody use this term. i would focus on maxing out comp from a primary job or getting the skills needed to advance enough so that a second ...
by yangtui
Thu Aug 29, 2019 10:36 pm
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3523

Re: Is now still a good time to buy VTSAX?

What does your IPS say? I would follow that. Another problem I am assuming you have is you have decided to consume "news". This is an unhealthy practice and can lead to all kinds of behavioral problems. Short of an imminent life ending asteroid strike, the goal is to maintain a steady allocation in ...
by yangtui
Thu Aug 29, 2019 10:25 pm
Forum: Personal Investments
Topic: What should I know about high interest loans to family?
Replies: 20
Views: 1141

Re: What should I know about high interest loans to family?

A good way to smooth out small business cash flow is to put as many expenses as possible on a credit card. You get at least a one month float and a percentage discount on your spending. Having said this (and not to be harsh), if your brother has gotten himself into a position where high interest loa...
by yangtui
Thu Aug 29, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes - Accounting Ethics for Sharing Client Information
Replies: 10
Views: 755

Re: Taxes - Accounting Ethics for Sharing Client Information

Is a partner doing this or is it staff? If it is staff you should complain to the partner and ask for a discount. If you really want to have fun you can try to find out which partner is in charge of compliance and email them directly with your complaint.