Search found 207 matches

by Ostentatious
Sat Jul 07, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an adviser for lower-income immigrant couple?
Replies: 13
Views: 1098

Re: Finding an adviser for lower-income immigrant couple?

Unless you don’t want to get involved in guiding them, I’d just guide them to open accounts at BG, Fidelity it Schwab and invest in some index funds a little at a time. I don’t think it is worth it to pay an advisor at this point.
by Ostentatious
Sat Jun 09, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?
Replies: 27
Views: 2322

Re: AT&T lower-cost data alternatives (is Sprint's $15/mth worth it)?

Switched from ATT to the Sprint's $15 per line for 3 lines. I couldn't be happier. A savings of over $80 dollars. I couldn't be happier.
by Ostentatious
Tue Apr 03, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland 529 College Investment Plans
Replies: 13
Views: 1768

Re: Maryland 529 College Investment Plans

This is what you’re looking for. https://maryland529.com/basics-of-529-college-savings-plans/tax-advantages-of-529-plans Maryland 529 Offers Significant Tax Benefits The state of Maryland offers a generous income tax deduction of up to $2,500 per year for Account Holders enrolled in either Maryland ...
by Ostentatious
Thu Mar 22, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 14881

Re: Working till retirement is not a great plan

Any ideas on how to prepare if this happens? Self employment is good but how many of us have the skills to self employ?
by Ostentatious
Sat Feb 17, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 7796

Re: How to get child's skin in the game for college?

Pay for dd and let her graduate without a college loan. Seems like you can afford it. There is no need asking for any skin in the game. Her skin in the game is to get good grades.
by Ostentatious
Sat Feb 10, 2018 12:25 am
Forum: Investing - Help with Personal Investments
Topic: From EJ to Vanguard to Schwab
Replies: 21
Views: 2275

Re: From EJ to Vanguard to Schwab

VG screwed me up once on a rollover. If you save with VG, you better know what you are doing.
by Ostentatious
Fri Jan 26, 2018 9:10 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 25839

Re: 401k millionaires

One can often roll over IRAs to 401(k). In fact if one wants to do Roth conversions this is recommended. I see too many other confounding variables to consider this stat much more than a curiosity. Can you elaborate on this? Why go from IRA to 401k to Roth, when you can simply go from IRA to Roth?
by Ostentatious
Sun Jan 21, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Car Stereo Questions
Replies: 25
Views: 1757

Re: Car Stereo Questions

I would recommend the pioneer AVH line of car head units with feature rich options including navigation, Apple CarPlay or Android, waze etc.... . Newegg discounts these units fairly frequently.
by Ostentatious
Mon Jan 15, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Tahoe/Silverado Hybrids
Replies: 3
Views: 449

Re: Tahoe/Silverado Hybrids

Here’s the reason.
https://www.autotrader.com/car-news/che ... led-207769


Generally people don’t see any financial benefits in getting a hybrid since you pay for it one way or the other.
by Ostentatious
Fri Jan 12, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution Limit
Replies: 6
Views: 700

Re: HSA Contribution Limit

You got it right. The max for family is $6900 including employer match/contribution. So, you have to make sure that all contributions max $6900.
by Ostentatious
Thu Dec 28, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Question about Sunday religious school tuition deduction
Replies: 6
Views: 713

Re: Question about Sunday religious school tuition deduction

Generally, if a charitable organization gives you goods or services in return for a payment, the payment is not deductible. So, I would think neither the tuition nor tutoring fees would qualify as deductible. Why are Temple dues deductible? Aren’t we getting membership and ability to attend religio...
by Ostentatious
Tue Dec 26, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Landlord vs tenant issue across the country
Replies: 32
Views: 3752

Re: Landlord vs tenant issue across the country

The lease is what should govern your dealings with the landlord. Don't be bothered by his threats unless what he claims is stipulated in the lease or generally accepted in the jurisdiction. Unfortunately, you may have to go to court if he sues or you may have to hire a lawyer to represent you if he ...
by Ostentatious
Mon Dec 25, 2017 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Need to open HSA account and IRA before the end of the year. Possible?
Replies: 23
Views: 1617

Re: Need to open HSA account and IRA before the end of the year. Possible?

Not sure what you mean by "shelter", but you can only have an HSA account if you already have a high-deductible insurance plan. Do you? As for an IRA, you can open/fund the IRA anytime before April 2018, and backdate the funds to the 2017 tax year, so there should not necessarily be a rush. Yes, we...
by Ostentatious
Sun Dec 24, 2017 9:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 9607

Re: My Christmas Present to You

Awesome. Thank you and Merry Christmas. Is the "General Taylor" mentioned in the piece you?
by Ostentatious
Thu Dec 21, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: Will you take this Fidelity bait ?
Replies: 126
Views: 15265

Re: Will you take this Fidelity bait ?

I would in a heartbeat. Superior customer service, lower cost ETFs, a great cash management system, the best fixed income desk in the industry (my opinion),a 2% cash back credit card,comfortable offices to conduct business in. Nothing against Vanguard, but in my experience they are also-rans. Schwa...
by Ostentatious
Tue Dec 19, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Reposession - worth it?
Replies: 17
Views: 2217

Re: Reposession - worth it?

A classic Dave Ramsey case. Please follow Dave Ramsey's debt snowball and you will be fine in just a couple of years or months. They key is to be very angry at the debt and eliminate it ASAP by giving up a lot of your comforts.
by Ostentatious
Tue Dec 19, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 6427

Re: Who missed out on maximizing 401k?

I reached the max one paycheck before the last so I left about $164 on the table and my employer said they won't help to fix that "\ :oops:
by Ostentatious
Sun Nov 19, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Invest using my State's college plan or Another?
Replies: 7
Views: 562

Re: Invest using my State's college plan or Another?

One advantage of the MD 529 college plan is that you can deduct up to $10K from your State Tax returns. I think that is significant enough for you to take into consideration. It is basically $2500 per account. So, you and you spouse can open two accounts each for the child ' 'Edited: I also wish to ...
by Ostentatious
Thu Sep 21, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Education Planning Guide
Replies: 0
Views: 269

Personal Capital Education Planning Guide

I just read the Personal Capital Education Planning Guide, which is very informative.

https://www.personalcapital.com/land/education_guide/
by Ostentatious
Sun Aug 13, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4677

Re: Health Savings Account

My employers HSA forces you to use it or lose it by the end of the year. Is there an option, outside of employer that offers a HSA account (similar to a 529)? Thanks! Are you sure that is not an FSA - Flexible Spending Account? The laws governing these are federal. Your employer cannot change the r...
by Ostentatious
Sun Aug 13, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Personal Loan?
Replies: 19
Views: 1862

Re: Personal Loan?

Don't go into more debt trying to pay off another debt. Sell his car and take on extra hours on the weekend, if you can to knock off this demon away. With your current salary you could be out of debt shortly. Good luck.
by Ostentatious
Thu Aug 10, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4677

Re: Health Savings Account

Nicolas wrote:Keep putting in the max as long as you can. I wasn't eligible for an HSA until 2010 and as of this year I'm no longer eligible, but I put in the max every year and saved 60K. I wish I'd had more years to save.
+1
by Ostentatious
Sun Aug 06, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Forced Early Retirement - Advice Sought
Replies: 32
Views: 5173

Re: Forced Early Retirement - Advice Sought

Try to look for another job right now while still employed. You may get a job regardless of your age. Your experience might help you. What I don't understand though is that with your salary, it appears as if your savings rate was low over the years. Or it may be due to some other reasons. In your si...
by Ostentatious
Fri Aug 04, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Pay loan early at this point?
Replies: 10
Views: 1038

Re: Pay loan early at this point?

How stable is your job? I hate debt of any kind so I would pay off the car especially when it makes you feel you made a mistake. I like the math above but I enjoy the momentum and the feeling better. Meanwhile, always save for your car purchases and pay cash for them. You don't have to take a loan t...
by Ostentatious
Fri Jul 28, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 8147

Re: Can I afford it ?

I'd suggest 2 things: first - dont buy a brand new car, go for 1-3 yrs old to save 20-30% (I always make sure to have the bumper-bumper still under warranty) second - negotiate the final price, new, used, whatever, then bring out your CC to pay, not cash. they will tell you "no we dont accept over ...
by Ostentatious
Sat Jul 08, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Additional contribution to ROTH 401k?
Replies: 9
Views: 443

Re: Additional contribution to ROTH 401k?

Do you mean that she would contribute outside the 401K? If that is the case, then the answer is a no. She can contribute to the max of 18K assuming she is under 50 years, to the employer Roth 401K and then contribute an additional $5500 to and a Roth IRA (need to open an individual account with Van...
by Ostentatious
Sat Jul 08, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Additional contribution to ROTH 401k?
Replies: 9
Views: 443

Re: Additional contribution to ROTH 401k?

Do you mean that she would contribute outside the 401K? If that is the case, then the answer is a no. She can contribute to the max of 18K assuming she is under 50 years, to the employer Roth 401K and then contribute an additional $5500 to and a Roth IRA (need to open an individual account with Van...
by Ostentatious
Sat Jul 08, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Additional contribution to ROTH 401k?
Replies: 9
Views: 443

Re: Additional contribution to ROTH 401k?

All 401k "contributions" will come out of her paycheck. She will need to increase the amount coming out of her paycheck to hit her max amount this year. It does not matter if it is Roth or non-Roth (traditional). Her maximum limit (e.g. $18,000) is a combined maximum total between Roth 401k and non...
by Ostentatious
Sat Jul 08, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Additional contribution to ROTH 401k?
Replies: 9
Views: 443

Re: Additional contribution to ROTH 401k?

Do you mean that she would contribute outside the 401K? If that is the case, then the answer is a no. She can contribute to the max of 18K assuming she is under 50 years, to the employer Roth 401K and then contribute an additional $5500 to and a Roth IRA (need to open an individual account with Vang...
by Ostentatious
Fri Jul 07, 2017 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Landlord/Rent question
Replies: 21
Views: 2405

Re: Landlord/Rent question

Also be careful about this tenant. This is often a sign of a bad tenant who can't find accommodation elsewhere without prepaying the rent. Hopefully you had a hand in selecting this renter.
by Ostentatious
Wed Jun 14, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: How many of you have rentals (i.e. you're a landlord)? Are they worth it?
Replies: 74
Views: 7743

Re: How many of you have rentals (i.e. you're a landlord)? Are they worth it?

Head over to Bigger Pockets where you will get more information. There is a better way of land lording that can make you money but as others have said, it is a part-time job. It is not as passive many think. You have to work hard from beginning to ensure that you buy the right property, rent to pote...
by Ostentatious
Tue Jun 06, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA or HMO/FSA
Replies: 10
Views: 1134

Re: HDHP/HSA or HMO/FSA

Seems like the HDHP is relatively not a good one. You can try to average your last 2 years health care expenses to determine which one will be good for you.
by Ostentatious
Sun Jun 04, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to create an account for foster kids?
Replies: 10
Views: 1365

Re: How to create an account for foster kids?

Your best option will be to let the social workers know and record the account in the child's permanent record. You can probably open a 529 plan for them. Unless the kids are old enough when they come in your care, it will be difficult to alert them when they are old enough to get the money. You may...
by Ostentatious
Mon May 29, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Limited Purpose FSA
Replies: 7
Views: 1312

Re: Limited Purpose FSA

Find out from HR. Most of them will make some accommodations for you.
by Ostentatious
Sun May 28, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Paying someone to build a website
Replies: 28
Views: 3263

Re: Paying someone to build a website

OP, just sent you a PM.
by Ostentatious
Sun May 28, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Real Estate: Direct vs Indirect Investment
Replies: 92
Views: 10062

Re: Real Estate: Direct vs Indirect Investment

It doesn't hurt to have one or two rental properties as part of your portfolio. Many people on this forum do. You may also get a lot of info from BiggerPockets, if you want. What I've noticed is that on this platform you will hear all the horror stories. But just like equities investment, rental pro...
by Ostentatious
Sun May 28, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 13772

Re: Play Money for Spouse....

Bump. Want to know what others think also.
by Ostentatious
Tue May 23, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fortune 500 Financial Analyst vs CFP
Replies: 7
Views: 883

Re: Fortune 500 Financial Analyst vs CFP

Huh. Did you say you were going to work for your FIL?????
by Ostentatious
Sun May 21, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: No estate plan, are DIYs wills good enough for now? CA residents need ASAP
Replies: 18
Views: 2023

Re: No estate plan, are DIYs wills good enough for now? CA residents need ASAP

Seems like you should see an attorney. You have mid 7 figure assets. You can easily afford it if you make the time for it.
by Ostentatious
Fri May 19, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in real estate.....here's my portfolio
Replies: 5
Views: 1100

Re: Should I invest in real estate.....here's my portfolio

Head to biggerpockets dot com for more information from like-minded real estate investors. Over here, you will hear all the worst case scenarios.
by Ostentatious
Wed May 17, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 3180

Re: Is it legal to use a first mortgage for an investment property?

The mortgage companies don't care as long as payments are being made and on time.
by Ostentatious
Sat May 13, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5897

Re: Anyone else dial down retirement savings?

Are you missing employer match by dialing down? Why don't you contribute to just get employer match instead not contributing at all? Also it doesn't seem like by dialing down you're solving the problem of your fears of dying young and leaving all the savings behind because paying off the rentals is ...
by Ostentatious
Wed May 10, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Need opinion HDHP/HSA vs Traditional health plan
Replies: 5
Views: 656

Re: Need opinion HDHP/HSA vs Traditional health plan

It looks like you'll be ahead by going with the HSA. This is actually one of the better HSA's I've seen. I like the HSAs because of the ability to save with the HSA account. Be careful though when signing up for the HSA, you(or your spouse--very important) should only sign up for the limited purpose...
by Ostentatious
Tue May 09, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: HOA & renting rules
Replies: 27
Views: 3260

Re: HOA & renting rules

Seems like you're being over concerned. I have seen many people rent basements in the general area you're referring to. It all depends on the effectiveness of the HOA. Most HOAs in the area are not concerned about this issue. They are most likely concerned about other bigger issues.
by Ostentatious
Wed May 03, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffett: Here's the 'big mistake' investors make
Replies: 1
Views: 1388

Warren Buffett: Here's the 'big mistake' investors make

“People have certain habits, some proclivities that are self-destructive in investing,” he continues. “So I would say that I hope our main message is to stay away from trying to trade stocks or do things that are kind of self-destructive, and just let America do the work for ’em.” https://www.yahoo....
by Ostentatious
Sun Apr 30, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?
Replies: 16
Views: 2462

Re: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?

You're asking this question in the wrong forum. Head to BiggerPockets where youll get all the info you need to make the decision to become a real estate investor or not.
by Ostentatious
Sun Apr 30, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan
Replies: 6
Views: 1160

Re: 529 plan

blueman457 wrote:I think a caveat to think about: should they die before the 529 is used, how does the ownership change? In NYS you are able to name a successor.

Blue Man
I am not sure why this would be a problem if the accounts are opened in the name of the kids, which is how 529 Plans work.
by Ostentatious
Thu Apr 27, 2017 9:28 pm
Forum: Personal Consumer Issues
Topic: HSA and FSA big mistake
Replies: 7
Views: 2180

Re: HSA and FSA big mistake

Thanks, I'm going to try that with my spouse's employer to see if they will modify it. This worked. I was about to start my own thread, but might as well piggy back onto this one. Are all employers' FSAs set up similarly, in that they can convert a general FSA to a limited purpose FSA for those nee...