Search found 224 matches

by ChowYunPhat
Sat Dec 14, 2019 8:29 am
Forum: Personal Investments
Topic: Growing income and becoming more nervous...
Replies: 16
Views: 1729

Re: Growing income and becoming more nervous...

Ultimately I do work hard, but I don't have the same amount of "always on" stress you would normally apply to a high income job - a small dose of impostors syndrome if I'm being honest which I think is where all this doubt comes from. My reason for writing this is because of my nerves surrounding w...
by ChowYunPhat
Sun Dec 08, 2019 1:11 pm
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 17
Views: 999

Re: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

Check out your cost basis on your shares Grogs. The "non covered" shares they're talking about are referencing mutual fund shares you purchased prior to 2012 I believe. This is when Vanguard started offering other methods of cost basis accounting on your funds. Everything prior to the cutoff date i...
by ChowYunPhat
Sun Dec 08, 2019 1:05 pm
Forum: Personal Consumer Issues
Topic: Mounting a tv over the fireplace
Replies: 54
Views: 2962

Re: Mounting a tv over the fireplace

Mapmaker, very important to make sure your A/V needs are sorted in a new construction 8-) If walls are exposed and not yet sheetrocked, you can run coaxial / optical / RCA cabling over to a secondary location where you can effectively hide a set top box or other device. We've done this a couple of t...
by ChowYunPhat
Fri Dec 06, 2019 7:31 pm
Forum: Personal Investments
Topic: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund
Replies: 17
Views: 999

Re: Moving Vanguard Mutual Funds to Fidelity Donor Advised Fund

Check out your cost basis on your shares Grogs. The "non covered" shares they're talking about are referencing mutual fund shares you purchased prior to 2012 I believe. This is when Vanguard started offering other methods of cost basis accounting on your funds. Everything prior to the cutoff date is...
by ChowYunPhat
Wed Dec 04, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: URGENT "Retention bonus" question / Check my math!
Replies: 25
Views: 2425

Re: URGENT "Retention bonus" question / Check my math!

My initial thinking is to just sign the retention contract anyway despite my near-term plans to leave, since I don't believe there is really a downside risk and it helps avoid some uncomfortable questions if I don't sign. If I do (for whatever reason) end up staying with the company for the two yea...
by ChowYunPhat
Tue Dec 03, 2019 7:03 am
Forum: Personal Investments
Topic: First Backdoor Roth at Vanguard
Replies: 14
Views: 698

Re: First Backdoor Roth at Vanguard

ChickenLittle, you will be fine. Just make sure you don't have any money left in tIRAs because that will mess things up come tax time. A step by step DIY guide is available at PhysicianOnFire here >>> https://www.physicianonfire.com/backdoor/ You will probably need a day for the initial money market...
by ChowYunPhat
Fri Nov 29, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help getting to full $57K in 401K
Replies: 4
Views: 817

Re: Help getting to full $57K in 401K

Two additional things weighing on my mind: 1. The employer match does not vest immediately - does this affect its applicability toward the 57K limit? I assume it does not 2. What's the penalty / process for over-contributing? My own search indicates that as long as you direct HR to remove the exces...
by ChowYunPhat
Fri Nov 29, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Drop my term life insurance?
Replies: 36
Views: 2555

Re: Drop my term life insurance?

I like what some of the posters have shared about discussing the insurance topic with your wife, but that is an answer to a different question. Estate planning, finances, and general discussions around the "what if" questions should be happening anyway. As to the insurance, you are beyond self insur...
by ChowYunPhat
Thu Nov 28, 2019 7:34 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 20153

Re: Dave Ramsey says 30 years Roth Ira to 1.3 million?

He said that if you invest $6k to the Roth IRA over 30 years you could end up with 1.3 million. I've got 20 years till I'll be 67, so how much could I theoretically get investing $6k a year? I realize it won't be a million. Hey it could end up being $5000 after 20 years right? Who knows .... :shock...
by ChowYunPhat
Thu Nov 28, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Finding happiness
Replies: 32
Views: 3061

Re: Finding happiness

Maybe try giving your time as well. Finding a local cause (whatever, homeless shelter, boys and girls club, church, etc,) that you think has a good mission. Cyanide123, you ask a very important question that probably can't be easily answered in a thread. However, serving in some way is a great way ...
by ChowYunPhat
Thu Nov 28, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: "A THANKSGIVING WITH JOHN BOGLE"
Replies: 14
Views: 1485

Re: "A THANKSGIVING WITH JOHN BOGLE"

Thanksgiving Day is very important to the Bogleheads. This Forbes article by Boglehead Mel Lindauer explains: A Thanksgiving With John Bogle Thanks for posting Taylor. Was fun to read some of the history hear and what a great story from 1999. A little jealous of everyone who was able to attend dinn...
by ChowYunPhat
Tue Nov 26, 2019 5:49 am
Forum: Personal Investments
Topic: Convinced wife on savings, now where to invest :)
Replies: 33
Views: 3287

Re: Convinced wife on savings, now where to invest :)

As per backdoor Roth IRAs, definitely I'll take a look. As asked in previous posts, here are the details Emergency funds: 8 months of expenses Debt: Primary residence mortgage @ 3.5% Auto loan @ 2.99% Tax Filing Status: MFJ Tax Rate: 24% Federal, 5.25% State State of Residence: South East Age: 43/3...
by ChowYunPhat
Sat Nov 23, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Wills and Trusts – Start anew or Revise Existing estate planning documents?
Replies: 0
Views: 220

Wills and Trusts – Start anew or Revise Existing estate planning documents?

Hello Bogleheads, My DW and I have been married some years now and originally had estate planning documents drawn up in Oklahoma during the mid-2000s. We now reside in Texas and it’s been roughly 15 years or so since the original docs were drafted. It is unclear where we will reside in retirement 10...
by ChowYunPhat
Mon Nov 18, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Catch Up Contributions
Replies: 16
Views: 1399

Re: 401k Catch Up Contributions

:sharebeer Always great when the advice of the forum wins out. Appreciate you sharing the results SurfCityBill.
by ChowYunPhat
Sun Nov 17, 2019 4:51 pm
Forum: Personal Investments
Topic: First Time Portfolio Review!!!
Replies: 5
Views: 941

Re: First Time Portfolio Review!!!

Grateful4321, congratulations on your success thus far. You've done very well and for someone who relied on advice for a while, you seem to be doing fine in terms of selecting funds with low expense ratios which are reasonably diversified. Other posters will suggest you have more variety of funds th...
by ChowYunPhat
Sun Nov 17, 2019 4:22 pm
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice]
Replies: 21
Views: 1952

Re: Not retired at 71 [need SEP advice]

Hi I'm not retired but self employed (but not working 9-5) regular income about $245K, next year and thereafter about $375K I have SEP from last year started at Vanguard and it's just sitting there, I need to invest the max Sep this year, making my total about 100K+ in the Sep. was thinking moving ...
by ChowYunPhat
Thu Nov 14, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: MetLaw - new company benefit - worth it?
Replies: 8
Views: 653

Re: MetLaw - new company benefit - worth it?

Much like Darth Xanadu I used it to prepare a will and living will for both my wife and I. Also I used the legal insurance to render an opinion about some liability insurance items that we were looking into. I dropped the coverage after one year, which made it a bargain to get a will for the $200 o...
by ChowYunPhat
Sat Nov 09, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: What is this sound in the house?
Replies: 37
Views: 4744

Re: What is this sound in the house?

Could be a water hammer or vibration on your water lines...some of which could be very normal. If it is indeed this, a minor vibration could be remedied by opening the wall and ensuring the lines are securely attached to wall frame. Does the noise coincide with water usage in the house or nearby room?
by ChowYunPhat
Mon Oct 28, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Popeyes Chicken Sandwich [is it a good value]
Replies: 40
Views: 2472

Re: Popeyes Chicken Sandwich [is it a good value]

Cycle wrote:
Mon Oct 28, 2019 3:55 pm
I'd be curious how it compares to KFCs double down

Image
That image is just....frightening. That said, is it delicious?
by ChowYunPhat
Mon Oct 28, 2019 4:00 pm
Forum: Personal Investments
Topic: High Yield Funds in Taxable Account--what to do?
Replies: 19
Views: 1335

Re: High Yield Funds in Taxable Account--what to do?

About 15 years ago, I opened a Vanguard taxable account and naively picked a bunch of mutual funds that give high dividends. Funds such as Wellington, Total Bond, Real Estate. I'm getting like $40k a year in dividends that I have to pay taxes on. I live in CA and am in the high tax bracket. Not sur...
by ChowYunPhat
Mon Oct 28, 2019 3:21 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 42
Views: 4961

Re: $930,000 new money to invest

1. I am trying to build up a position in S&P 500 that I will never touch and just leave to my heirs. 2. I can live off the Schwab account during the transition. 3. this is "relatively" a small portion of my overall portfolio, it still feels like a large amount for invest at one time. Carol88888, gl...
by ChowYunPhat
Mon Oct 28, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 82
Views: 8364

Re: Psychologically adverse to start drawing down in retirement

Now 40 years later, you just flip the switch and start drawing out the money. Ugh. Just thinking about that gives me a weird feeling. (I'm 46). For so long this was the DONT TOUCH, money. Its like the room in your parents house that you weren't allowed to go into as a kid because the furniture was ...
by ChowYunPhat
Mon Oct 28, 2019 10:29 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4545

Re: Do You Pay For Financial Advice?

I'm in my mid 50's now with more money and with harder questions, like....roth conversion, tax implications, outliving my money, trusts, estate planning... Not surprised by most of the responses as this is Bogleheads. Most of the people here can probably get to a point of managing their money and i...
by ChowYunPhat
Sun Oct 27, 2019 10:31 am
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

You Invest account has to be specifically linked to Chase Sapphire Checking. I've read several reports that people did not get their bonuses because the account was not actually linked (they thought it was). I made sure it was linked when I did this deal and did receive the points with no issues. T...
by ChowYunPhat
Fri Oct 25, 2019 5:07 pm
Forum: Personal Investments
Topic: 29yo Targeting FI at 40 - Review Request
Replies: 28
Views: 3594

Re: 29yo Targeting FI at 40 - Review Request

Ok that's good to think about. I haven't had a promotion in 3 years, and will likely hit the next rung with will boost us ~30k annually in savings next year which will make the Roths a no go but annual savings goal for next full year of work after sabbatical is $100k/year. Since I'm in Cyber Securi...
by ChowYunPhat
Fri Oct 25, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you shop for better insurance rates? (auto, life, home)
Replies: 24
Views: 1763

Re: How often do you shop for better insurance rates? (auto, life, home)

My rule is fairly simple. When the cost of insurance for depreciating assets increases every year, regardless of circumstance, it's time to bid insurance every year. This seems universally true for car insurance and suspect the behavior bakes in the average consumer's taste preference for convenienc...
by ChowYunPhat
Fri Oct 25, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5373

Re: Who does your tax returns?

freetaxusa.com -- Simple, clean, and relatively cheap. I avoid TurboTax and H&R Block like the plague for reasons that I won't go into because it would violate Bogleheads rules. +1 Someone on another thread suggested FreeTaxUSA. We tried them last year and worked great. Our situation is itemization...
by ChowYunPhat
Thu Oct 24, 2019 8:42 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 8052

Re: Benefits of Flagship Status at Vanguard?

MNGopher wrote:
Thu Oct 24, 2019 8:35 pm
I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(
It's OK MNGopher. On the bright side, your football team is ranked in the top 25 for at least a couple more weeks. :D
by ChowYunPhat
Thu Oct 24, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: How to learn to communicate better as a leader?
Replies: 13
Views: 1355

Re: How to learn to communicate better as a leader?

The First 90 Days by Michael Watkins is an excellent book for any leader and especially for those leaders in transition. Recommend highly as a desk reference any time there is a job change. While it hits on communication a little bit, will also provide insights on necessary steps new leaders in an o...
by ChowYunPhat
Thu Oct 24, 2019 12:33 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 8052

Re: Benefits of Flagship Status at Vanguard?

Please stop requesting hats from VG, you're going to drive my ERs up. :D
by ChowYunPhat
Mon Oct 21, 2019 8:55 am
Forum: Personal Investments
Topic: Late 20s Checkup
Replies: 13
Views: 2345

Re: Late 20s Checkup

Pretsler, you're doing great. Keep saving and stay focused as other posters have commented. You might consider moving some of the cash to bonds or something yielding a little bit as you DCA into your equity target. Although, it sounds like you're moving rapidly so not a big deal. Keep up the great w...
by ChowYunPhat
Sat Oct 19, 2019 7:54 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9938

Re: Retiring and Getting Over The Fear of Quitting?

The psychological preparation is just as important. For us, the list includes: We are already living in the area where we have wanted to retire. We have lots of friends and activities. I have hobbies. We like to travel. We like spending time with the kids and grandkids. Importantly, although I had ...
by ChowYunPhat
Thu Oct 17, 2019 7:00 pm
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3321

Re: I'm an indexer, but should I be buying my companies discounted stock?

1) Read the fine print: 15% off of what price? A) Average of the beginning of the period and the end of the period? B) The smaller of the beginning of the period and the end of the period? C) The higher of the beginning of the period and the end of the period? D) Something else So, depending on whi...
by ChowYunPhat
Wed Oct 16, 2019 4:07 am
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2463

Re: coin collection - sell or keep?

I'd buy a Blue Book of coin values. This is a wholesale price whereas the Red Book is retail price. No one pays retail. Even coin shops won't pay you wholesale. I've generally received about 60% to 70% of the blue book value for coins sold to coin shops (both online ones and local ones). Some are m...
by ChowYunPhat
Wed Oct 16, 2019 3:54 am
Forum: Investing - Theory, News & General
Topic: How often do you look at your IRA or 401K Balances
Replies: 71
Views: 5908

Re: How often do you look at your IRA or 401K Balances

Once every couple of days. Using Personal Capital or YNAB helps with monitoring to make this an easier chore. There are many reasons we look, but primarily for budgeting, fraud prevention, and frankly for the sheer fascination of it all. We've been through a couple of downturns and DCA so the behavi...
by ChowYunPhat
Wed Oct 16, 2019 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5391

Re: Should I invest in a ski in / ski out condo?

I love it, will always love it, and visit there several times a year and will continue doing so until we move back. The ski area is one of the best in the country. We could use the condo in the winter for skiing and the summer for summer recreation. MiamiVice, you can afford it and it's a place tha...
by ChowYunPhat
Mon Oct 14, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Sign on bonus and taxes
Replies: 14
Views: 1557

Re: Sign on bonus and taxes

If you're getting a bonus of $100K this late in the year, it's likely you'll over withhold FICA as well and potentially double pay your max FICA for the year. More interest free cash to the IRS but I guess you will have a nice "tax easter egg" to enjoy in April 2020. Congrats on the nice sign-on bon...
by ChowYunPhat
Mon Oct 14, 2019 6:11 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

Does this mean there is a fee, do you know? Because if I can earn 1.8% on my $75k at a different institution and almost nothing from Chase, I wonder if it's worth the trouble? Fair point Darth Xanadu. My plan is to use a newly opened Chase You Invest and invest in their Prime Money Market Fund (VMI...
by ChowYunPhat
Mon Oct 14, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5941

Re: poor Boglehead sending my kids to college

Also, so much depends on what your children might like to study. If your child really wants to be an engineer, for example, your liberal arts college might not be a good fit (unless it happens to be one of the few LACs that also offers engineering, e.g., these .) I went to a LAC that offered an eng...
by ChowYunPhat
Sun Oct 13, 2019 1:15 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

Other posters confirmed you cannot use retirement accounts as part of the $75K new money. Can you please share the link to the website where others are sharing their experiences? CalculatedRisk, my comment was tied to BuddyJet's post above. Not really sharing his experience but indicating you could...
by ChowYunPhat
Sat Oct 12, 2019 4:47 pm
Forum: Personal Investments
Topic: Deferred Comp Question
Replies: 12
Views: 1378

Re: Deferred Comp Question

FiveK wrote:
Sat Oct 12, 2019 2:23 pm
No.

Per Publication 590-A (2018), Contributions to Individual Retirement Arrangements (IRAs) | Internal Revenue Service, "Compensation doesn’t include...Deferred compensation received (compensation payments postponed from a past year)."
Thanks FiveK. Appreciate the insight.
by ChowYunPhat
Sat Oct 12, 2019 4:44 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

That's an option. But my question remains: Can I do this with an online account? Also, it appears there is a $25/month fee once the balance drops below $75,000. Can I just close the account after 90 days? Again, this all seems too easy/good to be true. What am I missing? You can close the account a...
by ChowYunPhat
Sat Oct 12, 2019 4:23 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

It appears that the Pittsburgh branches won't open before the $1000 bonus offer expires. Will they do the bonus with an online account? I don't understand. The coupon is redeemable until 11/19/2019. Try hitting the link in my previous post. Edit: Just noticed no Chase branches in Pittsburgh. Try th...
by ChowYunPhat
Sat Oct 12, 2019 1:48 pm
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

Swimmer wrote:
Sat Oct 12, 2019 1:45 pm
I’ve never done one of these deals. Is the incentive taxable? I would assume so—just asking.
I'll let folks know if there is an issue. The payment would be considered interest income reportable, and you'll get a 1099 on this. My chase rep accepted the code so it's legit.
by ChowYunPhat
Sat Oct 12, 2019 1:47 pm
Forum: Personal Investments
Topic: Deferred Comp Question
Replies: 12
Views: 1378

Re: Deferred Comp Question

straws46 wrote:
Sat Oct 12, 2019 12:58 pm
deferred comp is included in line 1 (wages) but not included in line 3 (social security wages)
As deferred comp is considered wage income, can you invest in a Roth if this was your only income for the year?
by ChowYunPhat
Sat Oct 12, 2019 11:11 am
Forum: Personal Investments
Topic: Chase $750 for depositing 75K
Replies: 89
Views: 14446

Re: Chase $750 for depositing 75K

Use this link. There is a $1,000 bonus for the same $75K of new money. https://accounts.chase.com/consumer/banking/online/sapphirebanking I went in and signed up this morning. Have done some Chase bonus churn a while back. They gave me a document which reaffirmed the bonus amount and terms which is ...
by ChowYunPhat
Sat Oct 12, 2019 8:44 am
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5139

Re: Retirees, when did you start really planning your retirement?

In my 40s now and thinking about retirement. I suppose this started once the nest egg got large enough that dedicating a little more time to managing it provided a return on that time. You never know when illness, family need, layoff, or another unexpected life event will take place. So it's fair to...
by ChowYunPhat
Fri Oct 11, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 31031

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Taxes, to some extent anyway, can be controlled. People can use tax-deferred space, for instance. Though many on this site do so, as a country, almost no one makes the best of what they have available. In fact, not even close. RR, I enjoyed reading your posts and the dialogue over the past several ...
by ChowYunPhat
Wed Oct 02, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Where is benefit of diversification? (SP 500 vs Total Stock)
Replies: 15
Views: 1513

Re: Where is benefit of diversification? (SP 500 vs Total Stock)

The S&P500 is extremely well diversified. I view diversification as the elimination of company-specific (unsystematic risk) risk through the blending of non-correlated assets in a portfolio. I think once you get beyond 50-60 somewhat uncorrelated equities (different industries, maturity, etc...) you...
by ChowYunPhat
Sat Sep 28, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: How much cash do you keep in your HSA?
Replies: 63
Views: 4944

Re: How much cash do you keep in your HSA?

My HSA is not that large at 16k, but once money gets in the account I'm treating it like a "medical Roth" and have every dollar invested in equities. I pay medical costs from cash flow and keep receipts so I can withdraw past expenses at any time, tax free. This. Hoping to not tap the HSA until in ...