Search found 39 matches

by ChowYunPhat
Sat Feb 17, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10641

Re: What has been your most important skill in achieving financial independence?

sonofdelrinson, it feels like you're on the way already. With your savings rate and willingness to "measure" progress you are all but guaranteed to make it. :sharebeer A lot posters have covered this already, but some of the things that have helped my family immensely in this regard include: -Marryi...
by ChowYunPhat
Sat Jan 27, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 11486

Re: Here's my net worth....I max everything out.....now what?

Welcome to the forum RangerHD and glad to hear you are not satisfied with the success you've already enjoyed. It takes a lot of hard work to be as productive as you've been thus far in life. Bravo. Agree with many of the other posters on managing your excess cash and CDs once they mature. Recommend ...
by ChowYunPhat
Fri Jan 26, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Recommendations
Replies: 28
Views: 1793

Re: Tax Software Recommendations

I've used TaxAct and Taxcut. Occassionally I hire taxes out to CPA depending on what took place during the year. However, I'll continue to use TaxAct as I've had a good experience with the product and never any issues with Federal or State filings. Price is typically competitive as well.
by ChowYunPhat
Thu Jan 25, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: fidelity visa- is opening bonus worth it over Citi?
Replies: 35
Views: 1938

Re: fidelity visa- is opening bonus worth it over Citi?

I've had the Fidelity visa for about a year. No complaints thus far but I haven't tried dialing up customer service yet.

Besides the immediate 2% cash back, the integration with the Fidelity website is a big plus. I can click over to my credit card detail from my brokerage account page.
by ChowYunPhat
Sun Jan 21, 2018 7:57 am
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3481

Re: My daughter got her dream job

Awesome news Stemikger! What a great accomplishment for both her and you and reason to celebrate. Reading between the lines there was a significant amount of hard work and life lessons taking place across the family over the last 6 years. :sharebeer
by ChowYunPhat
Fri Jan 19, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Mint vs Personal Capital
Replies: 19
Views: 1778

Re: Mint vs Personal Capital

I have used both apps and prefer Mint for budgeting and PC for pretty much everything else. Over time, I was spending too much time on the apps so had to cut one, and decided to stop using Mint. PC works great for most of what I want to do, and I can drill into transactions more easily although the ...
by ChowYunPhat
Wed Jan 17, 2018 12:46 pm
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 71
Views: 4983

Re: Car accident - was directed to sign release

Take other posters' advice and call a lawyer. I've been through 3 accidents where there was medical issues in play, and from experience you always want a lawyer involved to help with paperwork and ensure opposing insurers behave. Trust me when I say you do not want to DIY an auto accident that has a...
by ChowYunPhat
Sat Jan 13, 2018 7:14 am
Forum: Personal Consumer Issues
Topic: What journalism are you currently reading?
Replies: 12
Views: 804

Re: What journalism are you currently reading?

Most days I will usually skim google news, and drill into stories that catch my eye. I also enjoy reading ZeroHedge.com or on my RSS feed....occasionally very smart economic and financial insights, with a usual dose of sarcasm.
by ChowYunPhat
Tue Jan 02, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 13047

Re: Embarrassment Preventing Retirement Work: A factor for you?

Cruise, love the post and thanks for bringing this up. I'm still in my working years but enjoy thinking through this topic from time to time. Motivation seems to be a very important factor here and I would encourage you to think through this piece. Would also be interested in your perspective on the...
by ChowYunPhat
Sun Dec 31, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4827

Re: Two-comma club just in time for the New Year, and thank you

Congrats Luminous! An awesome accomplishment and enjoy the moment. Your hard work and focus has paid off. The second should come even faster, and keep up the good work.
by ChowYunPhat
Tue Dec 05, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Parents at Thrivent...quick Q&A on transitioning to Vanguard
Replies: 0
Views: 211

Parents at Thrivent...quick Q&A on transitioning to Vanguard

My parents have three accounts at Thrivent (sigh) which we've agreed to move over to Vanguard for simplicity and potential cost savings. The decision has been made and my parents are behind the decision, but I'm doing most of the leg work and wanted to ensure I didn't miss any steps. I'm not looking...
by ChowYunPhat
Mon Nov 20, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 5339

Re: Jack Bogle, the word's richest man

I'm so thankful for Jack Bogle, and wonder why there aren't other "mutual" mutual fund companies of such scale. Other billionaires may be generous, but none sought to enrich the common man from the outset and for this we should hold Jack Bogle with special regard. I tremble at the thought of the inv...
by ChowYunPhat
Sat Oct 14, 2017 7:33 pm
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6753

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

My family and I just moved to Houston in June and decided to rent for the first year as we didn't know the market. Our rental home flooded over 3ft as a result of Harvey and we lost most of our personal property but are fortunate to not have to deal with the home. Many other families did not make ou...
by ChowYunPhat
Thu Oct 05, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 12270

Re: Millionaire Next Door (Thank you Bogleheads)

Congratulations! This is a great feeling and it's great that you can celebrate with fellow BHs. Keep staying the course and watch out for lifestyle creep. It's OK to celebrate a little though :sharebeer

It's a great reminder to me and others why we stay focused. Keep up the great work!
by ChowYunPhat
Mon Sep 18, 2017 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance claim - Hurricane Harvey
Replies: 7
Views: 639

Re: Auto insurance claim - Hurricane Harvey

RM and DM200, thanks for your posts. At this time we are probably $2K-$3K a part. While it doesn't sound like much every penny is meaningful at this time of our life. We had the auto policy written out of state so difficult to exert an "in person" influence in this situation. However, we'll make a g...
by ChowYunPhat
Mon Sep 18, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance claim - Hurricane Harvey
Replies: 7
Views: 639

Re: Auto insurance claim - Hurricane Harvey

Many companies will pay cash compensation for a rental vehicle if one is not available, but it is usually at a reduced rate. You may also be able to "borrow" a vehicle from a relative and be compensated from your rental coverage. For value, ask how the value is being determined, and then do a littl...
by ChowYunPhat
Mon Sep 18, 2017 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance claim - Hurricane Harvey
Replies: 7
Views: 639

Re: Auto insurance claim - Hurricane Harvey

RudyS wrote:
Sun Sep 17, 2017 4:22 pm
Try posting on their Facebook page, or using the contact link on their page to get to someone who might be more responsive.
Thanks for this suggestion RudyS. I will give this a try.
by ChowYunPhat
Sun Sep 17, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance claim - Hurricane Harvey
Replies: 7
Views: 639

Auto insurance claim - Hurricane Harvey

Hello fellow Bogleheads. One of our vehicles was a total loss due to Hurricane Harvey. We are in transition and attempting to recover value from the lost vehicle through our insurance company, Liberty Mutual. We currently have 2 differences of opinion with the insurer: 1. We have an auto rental bene...
by ChowYunPhat
Sat Sep 09, 2017 6:56 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey relief?
Replies: 42
Views: 3701

Re: Hurricane Harvey relief?

I highly recommend Houston Pets Alive as a Houston resident. My family and I were displaced by the Hurricane (home and things destroyed). We had to work hard to avoid FEMA shelters during our escape as they automatically separate you from your pets and send them to shelters (and then likely euthaniz...
by ChowYunPhat
Sun Aug 13, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 7838

Re: How does personal wealth affect job hunting?

Absolutely. In fact, I would say the BIGGEST reason to be wealthy is NOT to finish the game as quickly as possible, but to have the option of choosing what, where, when, and how you choose to work for as long as you want. Good luck. Staythecourse hit upon the heart of this question. I work for mega...
by ChowYunPhat
Sat Aug 12, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10811

Re: When does renting make sense

It's interesting in Houston as there is no state employment taxes but that revenue is made up for in property taxes. I rent a single family home, but just relocated to the area and probably would have rented anyway. It's curious as the annual property taxes on my single family home (rental) are in t...
by ChowYunPhat
Wed Aug 09, 2017 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 49
Views: 4604

Re: Donor advised fund at Vanguard or elsewhere?

Either woule be fine. I use fidelity. None of then will let you hold 3rd party funds, but obviously they would accept the shares. Donate the shares to the daf and choose one of the investment options. Fido has institutional plus index funds. Agree with TJ here. I have both FIDO and Vanguard taxable...
by ChowYunPhat
Wed Aug 02, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: 100K milestone - Thank you BH!
Replies: 15
Views: 2201

Re: 100K milestone - Thank you BH!

Congrats RRAAYY3!!! Awesome accomplishment and I know that feels good. Keep up the good work and don't be discouraged as the market ebbs and flows.

Would also echo what other respondents have shared that the first $100K is the hardest. $250K is next!
by ChowYunPhat
Sun Jul 23, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 13274

Re: What's your personal savings rate?

Very similar to a few other posters. Currently around 59% of gross. I hadn't calculated this for recent memory but really cool to see what controlling lifestyle inflation can provide as your income increases (slightly) over time. Bringing forward the FI date.... Savings goes to: 401K - Maxed HSA - M...
by ChowYunPhat
Fri Jul 14, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 12672

Re: Do you count vehicle equity in net worth?

I tend to count vehicles. They are liquid assets, as I can dispose of these in a number of way with little issue. While I still need a vehicle for transport, one could also argue you need a place to live and most would argue it's OK to count the equity in your home (a far less liquid asset). At the ...
by ChowYunPhat
Sat Jul 08, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How are you a leader in personal finance?
Replies: 29
Views: 3625

Re: How are you a leader in personal finance?

My wife and I are very involved in the lives of our nieces and nephews, and as they've grown up and started businesses or careers of their own we've had the opportunity to speak financial wisdom into their lives. You can't make life decisions for others, but you can help lead them to good decisions ...
by ChowYunPhat
Sat Jul 08, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Help me with potential new job situation
Replies: 13
Views: 1192

Re: Help me with potential new job situation

sksbog - congratulations on your decision and the upcoming process. It is clear you have valuable skills to orchestrate the situation you're in and I'm sure you're taking steps to be well prepared for the upcoming conversations. Lots of good advice provided by previous posters too. I recently went t...
by ChowYunPhat
Thu Jul 06, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 13252

Re: What do you splurge on?

1. Laphroig 10 year and other Isla scotches. Nothing like it shared with a friend on a leisurely Saturday. 2. Enjoy the experience of eating out with my wife at a nice restaurant occasionally Those are my treats....we're basically cheap when it comes to housing and cars, but have plenty of space and...
by ChowYunPhat
Tue Jul 04, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Recommendations for a credit card/good hotel brand combo
Replies: 20
Views: 2037

Re: Recommendations for a credit card/good hotel brand combo

Have a Hilton Honors surpass Amex card and has been great. Very large point multiplier bonuses for hilton(12X), gas station(6X), supermarket(6X), and restaurants(6X) but based on 3X bonus for all other purchases I place other charges on my Fidelity Elan card which is a 2% cash back card. If you trav...
by ChowYunPhat
Tue Jul 04, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 16718

Re: Bogleheads: you should be buying 10-year old cars

I have a 2010 Hyundai Elantra I bought slightly used. Runs well and the styling isn't terrible. I'm not a car guy but I'd at least like to be comfortable with a functioning A/C and radio, and value reliability --- 70K miles and only oil changes thus far. Will probably stick with this model going for...
by ChowYunPhat
Sat Jun 17, 2017 9:53 am
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 41
Views: 9641

Re: Houston Chapter

Interested in Boglehead Houston. Any activity or folks too spread out to make this happen?
by ChowYunPhat
Fri Jun 09, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: New here, selling my businesses, need advice.
Replies: 9
Views: 1324

Re: New here, selling my businesses, need advice.

fight_prof, congratulations on selling your business(es) and best of luck in the next season of life. In general the advice already given should cover you well, and you can't go wrong with either Fidelity or Vanguard. I tend to lean towards Vanguard but it might be worth paying a visit to the local ...
by ChowYunPhat
Thu Jun 08, 2017 6:32 am
Forum: Investing - Help with Personal Investments
Topic: 401K optimization questions
Replies: 3
Views: 638

Re: 401K optimization questions

Thanks FiveK. I will check on after tax 401K contributions and see what feedback they have. Does the $53K IRS limit for 401K include employer matching contributions? Assumption is the $18K + $5K employer match (for argument's sake) = $23K, so theoretically another $30K could be contributed after tax...
by ChowYunPhat
Tue Jun 06, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: 401K optimization questions
Replies: 3
Views: 638

401K optimization questions

Hello BH community. My wife and I could use some help optimizing our 401K and IRA options for the 2017 and 2018 tax years due to a recent job change. Following is the 2017 year data. -Current income is above the IRS limit for direct Roth IRA contributions, married filing jointly -2x back door Roth c...
by ChowYunPhat
Sat Feb 21, 2015 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cell Phone Plan Shopping
Replies: 16
Views: 3455

Cell Phone Plan Shopping

Our Sprint plan is expiring and I am curious what people are finding available as the industry has changed drastically since last time we went to market. All you can eat plan from Sprint for single line: $60 + taxes and fees = ~$66.00 per month $200 for Samsung S5 (purchase) 2-year contract A little...
by ChowYunPhat
Sat Feb 07, 2015 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should we continue with CPA for filing taxes?
Replies: 17
Views: 1817

Re: Should we continue with CPA for filing taxes?

Recommend trying the taxes yourself, especially given the filing status you shared. If you have access to internet enabled PC, HRBlock and Taxact (my choice) are both good alternatives. The sites also provide intuitive step by step instructions based on your individual circumstances and cost is nomi...
by ChowYunPhat
Wed Dec 24, 2014 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: I failed SS login
Replies: 32
Views: 4370

Re: I failed SS login

I had issues as well...turned out if you have a long term fraud alert or credit monitoring setup you will likely have to register at the SSA office :annoyed. Good luck.
by ChowYunPhat
Fri Jun 06, 2014 11:50 am
Forum: Personal Consumer Issues
Topic: Should I buy the most expensive house in the neighborhood?
Replies: 39
Views: 5406

Re: Should I buy the most expenisve house in the neighborhoo

If you are going to be there temporarily or are just now relocating recommend starting with a an apartment, furnished perhaps. Get a better lay of the land. If you are moving near or within an oil patch real estate value cycles can be very violent, even in areas where there is typically not much vol...
by ChowYunPhat
Mon Jun 02, 2014 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financial and estate planning and support
Replies: 0
Views: 270

Financial and estate planning and support

This is my first post to the forum and I love the Boglehead Community. My wife and I just now beginning mid-life season and have around $1M in net assets including mutual funds and real estate. As we begin planning for retirement (my wife sooner than I) we're looking to build out our support network...