Search found 100 matches

by doon
Tue Aug 07, 2018 1:12 pm
Forum: Personal Consumer Issues
Topic: Whole house generator
Replies: 31
Views: 1926

Whole house generator

I am in the process of getting quotes for a whole house generator. The range of quotes I have received are: Low end - 16 KW - Generac - $8,400 Mid point - 20 KW - Kohler - $9,600 High end - 22 KW - Generac - $10,190 The sense I am getting is that they want to sell the biggest consumer product in the...
by doon
Mon Jul 30, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Garage doors
Replies: 13
Views: 1358

Garage doors

My existing garage doors came with the house and are almost 18 years old. Each of the door has some issue or the other. Despite of those quirks they seems to be working and don't show any sign of dying. On top of that my DW backed into partially open garage door and that has bent one of the doors ou...
by doon
Tue Jun 26, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: Basement waterproofing questions
Replies: 10
Views: 1173

Re: Basement waterproofing questions

Thanks for all the responses. 1. I took care of grading couple of years ago. I raised the grade around the house and had the downspout outlets run 20-30 ft from the house. 2. I will turn off the de-humidifier and see how that works. My guess is this is old efflorescence when the grading was not prop...
by doon
Mon Jun 25, 2018 8:05 am
Forum: Personal Consumer Issues
Topic: Basement waterproofing questions
Replies: 10
Views: 1173

Basement waterproofing questions

I have a partially finished basement and I want to start using my unfinished portion in a more productive way. On the unfinished side I have seen some efflorescence on the floor and also on the concrete blocks. I have two sump pumps and they usually fill up during rains etc. I did have some musty sm...
by doon
Tue Jun 19, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Wills & Trust Lawyer
Replies: 8
Views: 1038

Re: Wills & Trust Lawyer

I've been sort of frozen by indecision for some time now. I hear you. I have been thinking of doing this for more than a year. And I know how important it is. I understand the variations in pricing based on individual needs. But I wish there was a sort of project plan (even verbally is fine) that l...
by doon
Tue Jun 19, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Wills & Trust Lawyer
Replies: 8
Views: 1038

Re: Wills & Trust Lawyer

Thanks for all responses. I found lawyers.com & martindale fairly useful. For folks in my area I am planning to reach out to following based on ratings on above resources: Vella, Singer & Associates, P.C. Herold Law, P.A. Mason, Griffin & Pierson, P.C. I can update you guys through PM or continuing ...
by doon
Mon Jun 18, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wills & Trust Lawyer
Replies: 8
Views: 1038

Wills & Trust Lawyer

I am looking for a lawyer who can help me create will and trust in NJ (preferably Central). I have done some background reading but it seems to me that pricing on this is very opaque. Talking to couple of people and reading through the forums I see a very wide range. I understand that this is a cust...
by doon
Wed May 30, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: New tax law -LLC vs S-Corp
Replies: 5
Views: 850

Re: New tax law -LLC vs S-Corp

Assuming $170K business profit ~= $160K net self-employment earnings. Maximum one-participant 401k contributions = $18.5K + ($160K * 20% = $32K) = $50.5K. Your taxable income would range from $160K - $12K = $148K - ($0 - $50K) = ($98K - $148K) +- other taxable income, deductions or credits. Bottom ...
by doon
Tue May 29, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k questions
Replies: 5
Views: 705

Re: Solo 401k questions

No. Your answer is in your question. A default single member LLC by default treated by the IRS as a "disregarded entity". This means for income tax purposes it is treated a sole proprietorship. To qualify as a "self-employed individual" under 401c, you must have net self-employment earnings in the ...
by doon
Mon May 28, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k questions
Replies: 5
Views: 705

Solo 401k questions

I have couple of questions regarding Solo 401k 1. Can I keep solo 401 k even if the S-Corp has ceased to exist? I have read contradictory statements about this. I am okay with the hassle and filing 5500ez every year. I want to keep it open because it allows me to continue doing backdoor Roth. My cur...
by doon
Thu May 24, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: New tax law -LLC vs S-Corp
Replies: 5
Views: 850

New tax law -LLC vs S-Corp

I am about to start work as a contract program/project manager and in the process of setting up LLC or S-Corp or one of these entities that make most sense. It seems that new tax law provide additional benefit to pass-through income as long as it is under $157k. I think the benefit diminishes after ...
by doon
Tue Apr 10, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area - Switch Companies to Avoid Price Out?
Replies: 18
Views: 2877

Re: Bay Area - Switch Companies to Avoid Price Out?

I have worked in a big 4 in the past doing similar work as you but focusing on financial & insurance firms in NYC area. I know a few people who moved out of high cost of living areas but kept serving clients in high cost of living areas. Travel is part of the Big 4 consulting game. So its not that h...
by doon
Tue Mar 27, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Question for physicians-- is my taking call worth it?
Replies: 61
Views: 7533

Re: Question for physicians-- is my taking call worth it?

In the past whenever I have a dilemma I have found that changing the perspective helps me evaluate the problem really well. If I were in your shoes I would view it as a public service where a qualified doctor is providing great service to people who need it. "Really good money" is just bonus. See if...
by doon
Thu Mar 15, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Paul Merriman's Ultimate Buy-and-Hold portfolio using various index funds or ETFs
Replies: 11
Views: 3168

Re: Paul Merriman's Ultimate Buy-and-Hold portfolio using various index funds or ETFs

OP - I made that mistake early on in my investing life where I tried to mimic one of these portfolios (Merriman, couch potato etc.) The portfolio stayed close to original for a year or so. I changed jobs, 401k's changed and basically I realized I cannot for various reasons stay true to any portfolio...
by doon
Tue Mar 13, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Can I Retire??
Replies: 16
Views: 3202

Re: Can I Retire??

You did not mention what your expected expenses would be in retirement. Based on the numbers you provided your incoming would be Your pension 17k + His Pension 12k + his SS 19k = Total 48K. Assuming 3% withdrawal = 38K Grand total 86K before tax Assuming your insurance is taken care of I would say y...
by doon
Thu Mar 08, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Excess 401k contribution
Replies: 5
Views: 702

Re: Excess 401k contribution

You definitely need a specific accounting of their numbers. I'm not saying any of these are answers just possibilities. Are these numbers from your respective W-2 Box 12 entries? Or are they based on your numbers? Sometimes people use their 401k account deposits, when it actually goes by deductions...
by doon
Wed Mar 07, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Excess 401k contribution
Replies: 5
Views: 702

Re: Excess 401k contribution

Not clear what caused this. Could be just a subtraction error or failing to note the total deferrals you made from both plans. I just want clarification as to why they think a different amount. I provided them proof of previous 401k deferrals also. Its a simple math $20397-$18000 = $$2397 Another p...
by doon
Tue Mar 06, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Excess 401k contribution
Replies: 5
Views: 702

Excess 401k contribution

Because I switched employers in 2017 I ended up making more that 18K in pre-tax 401k contribution. Employer 1 - $8151 till End of April 2017 Employer 2 - $12246 May-Dec 2017 Total contribution $20,397 I sent a letter to retirement administrator explaining this and they ended up refunding only $1140....
by doon
Thu Feb 22, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Help invest an extra $5,000 per month
Replies: 19
Views: 2568

Re: Help invest an extra $5,000 per month

I vote for backdoor. As others suggested keep a good emergency fund. However I am not in favor of paying off mortgage. In 3-5 years when you plan to be single income your saving ability will decrease. Right. If you have the child in the timeframe you propose you won’t be done paying off the mortgag...
by doon
Thu Feb 22, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Help invest an extra $5,000 per month
Replies: 19
Views: 2568

Re: Help invest an extra $5,000 per month

I vote for backdoor. As others suggested keep a good emergency fund. However I am not in favor of paying off mortgage. In 3-5 years when you plan to be single income your saving ability will decrease. So if I were you i would bulk up my investible assets. I personally am not planning to pre-pay the ...
by doon
Tue Feb 20, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 1130

Re: Bonus contribution to 401k

Bonuses get taxed pretty hard more than a regular paycheck so I would opt for as much as I can since it's tax deferred. When it comes to tax liability, it won't make a difference. It'll all net out in the end with the tax return, assuming that the OP is deferring the same amount for the year regard...
by doon
Tue Feb 20, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Bonus contribution to 401k
Replies: 9
Views: 1130

Bonus contribution to 401k

My firm has given an option to select a percentage of bonus to be contributed to 401k. I dont Is there any downside to it other than not having bonus money in my hand? Company match does not happen with each pay check rather it is end of year match. So I will not have an issue with that aspect. Than...
by doon
Thu Feb 15, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 3693

Re: Rant about relocation mortgage assistance, and a question

About 5 years ago when I needed a mortgage loan with an s-corp that was only 1 year old, I had to jump through hoops to qualify for jumbo loans. My need was much more modest of $650K. In the end I ditched all the traditional mortgage providers and called a lot of smaller banks with portfolio loan pr...
by doon
Mon Feb 12, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford to move to a lower paying career?
Replies: 53
Views: 5713

Re: Can I afford to move to a lower paying career?

I vote Option # 2. - Full time tenure track position. - Will solve health insurance issue for few years. - Add some roth and get some 401k match - Closer to family. - May be its just me but I would be more comfortable with delaying full 3% draw down from the $3.5 Mill. - Teaching can be a ramp down ...
by doon
Fri Feb 09, 2018 11:32 am
Forum: Investing - Theory, News & General
Topic: Another 4% rule
Replies: 1
Views: 403

Another 4% rule

Another article questioning the 4 % rule. From the article A better approach, Mr. Pfau says, is to avoid looking at your balance and focus instead on saving a consistent amount annually.Mr. Pfau recommends that someone with 30 years until retirement and a portfolio with 60% in stocks and 40% in bond...
by doon
Mon Feb 05, 2018 3:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 18226

Re: Vanguard site is crashed now?

Yup! same here....site not working
by doon
Sat Feb 03, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: User friendly, visually appealing Banking option
Replies: 7
Views: 783

User friendly, visually appealing Banking option

I have a bank account with TD for almost 8 years. Recently I called their customer service to find a way to pull my transactions from last 12-18 months as an excel/csv format so that I could look back at my expenses broadly. I was appalled that in this day and age they could not provide me what I co...
by doon
Fri Feb 02, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Are we in an index fund bubble? Bill Ackman thinks we are.
Replies: 45
Views: 5197

Re: Are we in an index fund bubble? Bill Ackman thinks we are.

https://www.zerohedge.com/news/2018-01-22/ackman-fires-18-perhsing-square-including-his-driver-will-focus-investing "After three straight years of losses at Pershing Square in the aftermath of the Valeant fiasco and Herbalife short squeeze which cost the hedge fund a -20.5% loss in 2015, -13.5% in ...
by doon
Thu Feb 01, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Advise on dealing with previous employer
Replies: 6
Views: 766

Re: Advise on dealing with previous employer

I would wait until 2/15 and see. You could send am email and ask for the dollar amount of the retention bonus. Essentially "what will I be paid ?" " What amount was sent to payroll to payroll to process?" No reason to panic right now. Thanks! The dollar amount was specified in the agreement. It was...
by doon
Thu Feb 01, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Advise on dealing with previous employer
Replies: 6
Views: 766

Advise on dealing with previous employer

My DW joined global multinational Firm A in 2015. Within 6 months of joining A another big multinational Firm B took the Firm A over. A lot of firm A members were let go but my DW was given an option to stay on till Dec 31, 2017 to see through the merger & integration and in return they will guarant...
by doon
Tue Jan 30, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 16
Views: 1684

Re: New job offer

Thank you everyone for the replies. The biggest sticking points for me right now are the very low PTO (IMO, not competitive with peer companies) and no 401k match (again not competitive with peers). While the increased salary would be great, my family is doing fine on the income we currently have, ...
by doon
Mon Jan 29, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can/Should I retire now?
Replies: 50
Views: 7125

Re: Can I retire now?

I tend to be pretty conservative on questions like this, so take this for what it's worth, but I think this is a close one. Drawing 72K inflation adjusted off of 2.5M for 50+ years is close, and should do fine on paper/in calculators. But, I'm a bit uneasy about your 72K number. Medical insurance i...
by doon
Tue Jan 23, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Long Term Use Of A Leveraged ETF
Replies: 32
Views: 3770

Re: Long Term Use Of A Leveraged ETF

Periodic investing, also called dollar cost averaging, is a well known stock buying strategy. An example would be buying equal dollar amounts of a security every month. With such a strategy, you can take advantage of volatility. You buy more when the security is down in price and less when it is hi...
by doon
Tue Jan 23, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Losing job soon but have big nest egg -- problem?
Replies: 20
Views: 3315

Re: Losing job soon but have big nest egg -- problem?

OP - While you are in a very enviable position financially.....from my point of view you are not there to hang up your boots. Take your time to decide on the kind of job you would want to do next. But I would not get complacent as of yet. May be another 10 years or so with a gyration or two in the m...
by doon
Thu Jan 18, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Questions re:home insurace
Replies: 16
Views: 1411

Re: Questions re:home insurace

GEICO does not underwrite its own homeowners insurance. They sell homeowners policies from other companies. Most insurance companies will not allow GEICO to quote their policies, because they don't want to help a competitor. Since most insurance companies will not sell an HO-2, that GEICO policy is...
by doon
Wed Jan 17, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Questions re:home insurace
Replies: 16
Views: 1411

Re: Questions re:home insurace

Hello Bogleheads - I am shopping for home insurance after realizing I was not adequately protected. :oops: Here are the questions I am asking when shopping for quotes. Are there any other items that I should include when discussing quotes. Thanks for your feedback in advance. I am in NJ away from c...
by doon
Tue Jan 16, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which is the best 529 plan for nj resident?
Replies: 15
Views: 2152

Re: Which is the best 529 plan for nj resident?

I have been with UESP too for almost 7 years now. The expense ratios have consistently come down since I joined. They have lot of Vanguard funds and as someone else mentioned a good way to add DFA funds without adviser fee. The only fund I cared for from DFA was DFA US Small Cap Value Portfolio as t...
by doon
Sat Jan 13, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Questions re:home insurace
Replies: 16
Views: 1411

Re: Questions re:home insurace

dm200 wrote:
Fri Jan 12, 2018 11:01 am


I used the replacement cost calculator with my State farm agent.

What do you mean "cash out" option?
It means that the your insurance policy will give you money (equivalent dwelling value) instead of having to re-build at the same location in case of complete damage.
by doon
Fri Jan 12, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Questions re:home insurace
Replies: 16
Views: 1411

Questions re:home insurace

Hello Bogleheads - I am shopping for home insurance after realizing I was not adequately protected. :oops: Here are the questions I am asking when shopping for quotes. Are there any other items that I should include when discussing quotes. Thanks for your feedback in advance. I am in NJ away from co...
by doon
Wed Jan 03, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: Wireless Ability for Surround Sound Rear Speakers
Replies: 11
Views: 973

Re: Wireless Ability for Surround Sound Rear Speakers

I'm not sure what your cut-off for "inexpensive" is, but this works well for me: https://www.bestbuy.com/site/rocketfish-universal-wireless-rear-speaker-kit-black/8275528.p?skuId=8275528 I have been using one of these for several years without issue. But note that it is not completely wireless. It ...
by doon
Tue Dec 12, 2017 9:24 am
Forum: Personal Consumer Issues
Topic: Progressive Insurance
Replies: 22
Views: 2141

Re: Progressive Insurance

I been with progressive for a while almost 9 or 10 years. I am a diamond customer or something like that. I had two major accidents (one was total of an old car and other was 10-12 k payment for repairs and liability claims). Did not have any issue with claims or repair work. I also have home insura...
by doon
Thu Dec 07, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 3581

Re: Work from Home Jobs

How do people find work from home type jobs. The reason for asking here is to help my wife. She is not much of a driver, only drives for things which are in 10 mile radius and she never steps on highways. She has over 15 years of Java programming experience in various industries, automation, health...
by doon
Thu Nov 30, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Safest roomy luxury suv?
Replies: 58
Views: 6673

Re: Safest roomy luxury suv?

Hi all, We’ve been driving a 2003 Toyota Camry for a long time, but are ready to upgrade to a new car. We’ve already decided we will buy new. And we want a roomy SUV. And we’d like it to be as safe as possible. We’re considering things in the range of BMW X5, Porsche Cayenne, etc. Any recommendatio...
by doon
Wed Nov 29, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Open a 401k in 2017? Or wait for 2018?
Replies: 7
Views: 567

Re: Open a 401k in 2017? Or wait for 2018?

OP, Do you have an income from your business? When you say IRA for the last few years, is it a pure IRA or a SEP or SIMPLE IRA? I am just curious as to why your accountant didnt suggest this till now (for this year or for previous years if applicable). +1. If it is traditional IRA then you can stil...
by doon
Tue Nov 28, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: Wifi speakers-SONOS vs Echo/Google Home
Replies: 30
Views: 3711

Re: Wifi speakers-SONOS vs Echo/Google Home

Do you need multiroom? I'm happy with my Sonos equipment, but if I were buying now I'd get a pair of powered bookshelf speakers and a Chromecast Audio. +1. I came close to buying Sonos because it is amazing, but also amazingly costly. I have 5 bookshelf speakers with 5 chrome cast audios. The total...
by doon
Tue Nov 21, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2860

Re: Year end windfall and job loss

Hey, OP. You've gotten good advice. Take care of your wife and family as you go through this. It can be emotional and a bit of a roller coaster, even when it goes well. Very true both regarding the advice but also about the whole emotional aspect on job loss and change. Esp. in this case she was a ...
by doon
Tue Nov 21, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 29
Views: 3791

Re: Unexpectedly in the housing market--should we buy this house or wait?

Our situation is as follows: Family: Spouse and I, 34/34 + 10 month-old. Tentative plan for 1-2 more children in next few years. Current living situation: ($2200 / mo) Renting 4 br/3 ba townhouse, no yard, otherwise very happy with the rental. Lease runs through July 31, 2018. Jobs: Gross combined ...
by doon
Tue Nov 21, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2860

Re: Year end windfall and job loss

Assumptions - over a million in investible assets (retirement + taxable), no debt except mortgage (if I pay off personal loan), 3 month emergency fund. It will take about 4-6 months to find a new job ( May/June 2018) How did you arrive at the 4 - 6 month estimate for her to find a new job? How long...
by doon
Mon Nov 20, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2860

Re: Year end windfall and job loss

I thought I provided the info in assumptions. However here are some additional details Missing info: How easy is it for your spouse to find a new job? 4-6 months i.e May/June 2018 Can you more than support your normal expenses on just your income? Yes but no savings are possible If it's easy to get ...
by doon
Mon Nov 20, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2860

Year end windfall and job loss

End of the year 2017 we are expecting about 200 K before tax which will be a combination of bonus, vested RSU's, ESPP & severance. Unfortunately my DS will also lose her job on Dec 31st. We have about 100 K in personal loans ( 80 K at 8.5 % and 20 K in 6.5%). This personal loan was a one off situati...