Search found 608 matches

by Soon2BXProgrammer
Wed May 29, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: Financial Math and CFP
Replies: 9
Views: 934

Re: Financial Math and CFP

I am curious and interested to learn FP. Financially, becoming a FP doesn't make sense but can become a hobby/pro-bono side-gig as a grow older. thanks! I was considering something along the same lines (except CFA instead of CFP), but both of those require actual, significant on-the-job training (w...
by Soon2BXProgrammer
Wed May 29, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: Financial Math and CFP
Replies: 9
Views: 934

Re: Financial Math and CFP

Hi, I am looking for recommendations for book to learn Financial Math terms. I know this can be done using Google but looking for books used in college or financial planning courses. Also, wondering if anyone has done CFP coursework and didn't become a FP. Was it worth the time and help gain better...
by Soon2BXProgrammer
Mon Apr 29, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 87
Views: 4630

Re: Why I don't think I should get long term care insurance right now

A few posters, as well as myself, mentioned they would be interested in a policy that had a 3 year deductible. Currently, I was told the largest deductibles are 1 year. Perhaps in the future insurance companies may find it profitable to offer such policies, especially because the odds of needing in...
by Soon2BXProgrammer
Mon Apr 29, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 87
Views: 4630

Re: Why I don't think I should get long term care insurance right now

4. The policy quoted to me, which he said was typical, only covers 3 years worth claims (you can use it over a longer period). This also seems crazy. Again, if true catastrophe strikes, the reason why one buys insurance, the insurance is not there. This is the one that's keeping us from buying any ...
by Soon2BXProgrammer
Sun Apr 28, 2019 8:19 am
Forum: Investing - Theory, News & General
Topic: HSA AA/Location - What you do and Why ?
Replies: 18
Views: 1342

Re: HSA AA/Location - What you do and Why ?

its part of my portfolio,i don't take withdrawals. i just keep receipts for now.

At the moment it is 100% domestic equities.
by Soon2BXProgrammer
Mon Apr 22, 2019 4:21 pm
Forum: Personal Investments
Topic: Three fund Portfolio in two accounts
Replies: 17
Views: 2657

Re: Three fund Portfolio in two accounts

so are you saying to just put bonds in my SIMPLE and nothing else? No. Put as much of your bond AA in the SIMPLE IRA as you can. If there is room left over add stocks. I am 25 years old, my Bond allocation is rather small. So if i have 10% of my portfolio in Bonds, what else should I add to the SIM...
by Soon2BXProgrammer
Mon Apr 22, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: CFP [Anyone here taken the CFP exam?]
Replies: 12
Views: 1640

Re: CFP

I am taking the education though: https://www.theamericancollege.edu/designations-degrees/CFP How are you finding the courses? I am interested in taking the RICP course when I FIRE, just for my own knowledge. Have I learned something? of course. Earth shattering? No. Would 99% of Americans learn a ...
by Soon2BXProgrammer
Sun Apr 21, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: CFP [Anyone here taken the CFP exam?]
Replies: 12
Views: 1640

Re: CFP

I might end up FIRE'ing and switching to Financial Planning. I am taking the education though: https://www.theamericancollege.edu/designations-degrees/CFP I think it is going to take me less than a year to do all the education. I'm hoping i don't have to do a ton of test prep after that. be interest...
by Soon2BXProgrammer
Fri Mar 22, 2019 9:09 pm
Forum: Personal Investments
Topic: Sell Off Funds In Taxable Account
Replies: 4
Views: 535

Re: Sell Off Funds In Taxable Account

if you give anything to charity. Setup a DAF and donate your most appreciated securties to it, and then reinvest the cash you would have given.

This will keep your basis closer to the current value, and make changes in the account hurt less at tax time.
by Soon2BXProgrammer
Sun Mar 17, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 6476

Re: How many companies have you worked for?

I’m 34, currently working for my second company (10 years at the first, going on 3 at my current)and currently mulling making another move. I actually don’t like moving around, but my current company has a rather slow culture and I’m looking for a more fast paced environment. Out of curiosity, how ...
by Soon2BXProgrammer
Sun Mar 17, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Should you buy term life before you need it?
Replies: 25
Views: 1756

Re: Should you buy term life before you need it?

It is really interested how many start to be uninsurable or at an outrageous premium even at 30ish. buying a reasonable amount of term outside of an employer relationship is a bet that i wish i did. too many people i see take the employer insurance, then something goes wrong, and now they want to le...
by Soon2BXProgrammer
Fri Mar 15, 2019 8:37 pm
Forum: Personal Investments
Topic: Most people wish they invested more and sooner. Any of you wish they invested less?
Replies: 38
Views: 4417

Re: Most people wish they invested more and sooner. Any of you wish they invested less?

no, i don't wish i invested less. i am 34 year old and over 25x expenses invested.

I now get to decide what my wife, myself and our two daughters do the rest of our lives.

(and no we didn't throw away the first years of their lives)
by Soon2BXProgrammer
Tue Mar 12, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Does a Roth ever make sense before exhausting tax deferred space?
Replies: 8
Views: 822

Re: Does a Roth ever make sense before exhausting tax deferred space?

When does roth make sense before deffered? 1. Early in career when your marginal tax brackets are probably lower then the rest of your career AND in retirement 2. Late in your career when you have accidentally created too much pretax retirement assets (pretax 401k, pension, social security, etc) tha...
by Soon2BXProgrammer
Sun Mar 10, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: 1099 contractors/business owners: reporting business mileage
Replies: 10
Views: 715

Re: 1099 contractors/business owners: reporting business mileage

i might be wrong... but getting a deduction for the miles is supposed to cover the maintenance, insurance and cost of driving. I thought it was "actuals" or "miles" not both. and following along those lines, i would think it is business use and everything else. but i'm not a small business owner. a...
by Soon2BXProgrammer
Fri Mar 08, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 contractors/business owners: reporting business mileage
Replies: 10
Views: 715

Re: 1099 contractors/business owners: reporting business mileage

i might be wrong... but getting a deduction for the miles is supposed to cover the maintenance, insurance and cost of driving. I thought it was "actuals" or "miles" not both. and following along those lines, i would think it is business use and everything else. but i'm not a small business owner. an...
by Soon2BXProgrammer
Fri Mar 08, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - who benefits most?
Replies: 9
Views: 931

Re: Backdoor Roth - who benefits most?

In general, if you are already maxing every "pretax" vehicle you can use OR you already have so many pretax assets you will be in a higher income bracket in retirement then one would prefer Roth assets, then taxable assets. If doing a normal roth isn't an option, then doing a backdoor roth or mega b...
by Soon2BXProgrammer
Sun Mar 03, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Where to open a solo 401k for side gig?
Replies: 3
Views: 330

Re: Where to open a solo 401k for side gig?

one of the best places for a solo 401k from a feature perspective is. https://www.mysolo401k.net/solo-401k/ but it costs money and it isn't just an account that you can easily transact with. if you aren't going to use the features you'd be better off with just a normal solo401k from a provider that ...
by Soon2BXProgrammer
Sun Mar 03, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 65
Views: 8429

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

Vanguard offers VIIIX to my company 401K participants at 1.3 basis points. I figure if they can make that offering work at this expense ratio, they will be able to offer VTI at 3 basis points soon... so stay tuned... :sharebeer Institutional funds are interesting. The institution normally can creat...
by Soon2BXProgrammer
Fri Mar 01, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth -- A Unicorn?
Replies: 45
Views: 2677

Re: Mega Backdoor Roth -- A Unicorn?

Mine allows it and I’ve been doing it since they allowed it. Fidelity makes the process very automatic, so it’s a no brainer. My plan also allows you to send the after-tax money to an external Roth IRA via check, or you have them automatically do the mega backdoor with fidelity’s Roth 401k automati...
by Soon2BXProgrammer
Thu Feb 28, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth -- A Unicorn?
Replies: 45
Views: 2677

Re: Mega Backdoor Roth -- A Unicorn?

I see people talking all the time about the "Mega Backdoor Roth", but does anyone actually do this? I have a Solo 401(k) with Schwab, but they don't allow Roth contributions. I looked at Vanguard, and they have Roth option, but they don't seem to allow for in-service distributions of employee contr...
by Soon2BXProgrammer
Sun Feb 17, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Why is 401k maxing preferred over taxable?
Replies: 79
Views: 6362

Re: Why is 401k maxing preferred over taxable?

Wow dude, sorry but your co-worker needs some big time education on how 401k works. I mean it's completely simple math. All else equal: I honestly don't see ANY situation where a taxable is actually preferable to a 401k due to the guaranteed tax savings.... if you already have too many pre-tax asse...
by Soon2BXProgrammer
Sat Jan 26, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Stable Value funds can report yield *before* expenses!?
Replies: 14
Views: 902

Re: Stable Value funds can report yield *before* expenses!?

Sounds like a bunch of FUD. I can't speak for all 401(k) plans, but at MegaCorp each fund gives performance results: YTD, one month, six months, one year, three years, etc. It's pretty easy to compare the actual results of the stable-value fund with its announced rate. Our mutual common megacorp, n...
by Soon2BXProgrammer
Thu Jan 03, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Contribution
Replies: 10
Views: 698

Re: HSA Contribution

that is a no no. unless your next plan is also a HDHP. you have to contribute based on the number of months you are under an HDHP. There is some rules that i dont' remember about how to calculate if you get the month or not. furthermore, if the employer made a 1 time contribution and you then are co...
by Soon2BXProgrammer
Thu Jan 03, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 8531

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

Nope. Never do that. I usually invest it on the first big drop of the year that goes below the 12/31 value. There are very few years when the stock market doesn't go below the 12/31 value, so my investment that year almost always outperforms the total return for the year. I didn't mean to do this.....
by Soon2BXProgrammer
Mon Dec 31, 2018 11:07 am
Forum: Personal Investments
Topic: How urgent is my Mom’s single-stock investment? (Sysco)
Replies: 35
Views: 1641

Re: How urgent is my Mom’s single-stock investment? (Cisco Systems)

at minimum, you should turn off dividend re-investment, if you havent already. https://www.nasdaq.com/symbol/csco/dividend-history furthermore, if you have been reinvesting dividends, you could sell all the shares bought over the last few years, as well, and they wouldn't have as bad as a gain. Thi...
by Soon2BXProgrammer
Mon Dec 31, 2018 9:33 am
Forum: Personal Investments
Topic: How urgent is my Mom’s single-stock investment? (Sysco)
Replies: 35
Views: 1641

Re: How urgent is my Mom’s single-stock investment? (Cisco Systems)

at minimum, you should turn off dividend re-investment, if you havent already. https://www.nasdaq.com/symbol/csco/dividend-history furthermore, if you have been reinvesting dividends, you could sell all the shares bought over the last few years, as well, and they wouldn't have as bad as a gain. over...
by Soon2BXProgrammer
Sun Dec 30, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Router with VPN - experiences?
Replies: 16
Views: 1998

Re: Router with VPN - experiences?

I have a RT-AC86U with https://asuswrt.lostrealm.ca/ installed.

It has a ton of options in the VPN department. I don't use it for the VPN. but its on my list to explore. ( i wanted it for other reasons).
by Soon2BXProgrammer
Fri Dec 28, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with HSA
Replies: 1
Views: 294

Re: what to do with HSA

if you already have fidelity, it probably makes sense for an independent account at fidelity which is free.
the other provider that is good/free is livelyme
by Soon2BXProgrammer
Fri Dec 28, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Better to have Bonus paid Before or After New Year, when applying for a mortgage?
Replies: 6
Views: 298

Re: Better to have Bonus paid Before or After New Year, when applying for a mortgage?

most mortgage companies, want to ignore bonuses for the purposes of qualifying people, this is unless, a very large percentage of your income is variable income based on commission. (but the commission rules are in your employment contract, and not at the will of the employer).. and then if thats th...
by Soon2BXProgrammer
Fri Dec 28, 2018 12:30 pm
Forum: Personal Investments
Topic: I'm out, should I jump right back in?
Replies: 26
Views: 3559

Re: I'm out, should I jump right back in?

I'm out due to a 401K rollover that is still rolling. Money is moved to retirement IRA, just waiting on check to clear. We're both 62 and the $375K is money we don't need to survive. Any reason, other than government shutdown, possible impeachment, possible indictments, tremendous volatility, and a...
by Soon2BXProgrammer
Fri Dec 28, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Shoes to wear with jeans to the office?
Replies: 87
Views: 5877

Re: Shoes to wear with jeans to the office?

Since my 15inch extratuf are normally "too much" boot for the office.. i like to wear:

https://www.xtratuf.com/collections/men ... colate-tan

or if i'm really trying to dress up my jeans.. and want a leather shoe:

https://www.georgiaboot.com/romeos/
by Soon2BXProgrammer
Thu Dec 27, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: AT&T Landline - what's considered "Long Distance"
Replies: 22
Views: 1361

Re: AT&T Landline - what's considered "Long Distance"

Another vote for Ooma. Long distance can be quite variable, I recall reading about someone posting that a phone call accross the street was long distance. I think you can check your local calling area here https://www.usa.att.com/localcallingarea/index.jsp Excellent - thank you - just hated the tho...
by Soon2BXProgrammer
Wed Dec 26, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: AT&T Landline - what's considered "Long Distance"
Replies: 22
Views: 1361

Re: AT&T Landline - what's considered "Long Distance"

if you have internet, switch to a obihai device with google voice. total cost is either 0 or about $20 a year if you want 911 service. pay to port your number if it is important. (i had to port to a prepaid cell phone. i used att go. which then converts the number to a cell number, then you can port...
by Soon2BXProgrammer
Wed Dec 26, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Bookshelf speakers under $300
Replies: 81
Views: 3554

Re: Bookshelf speakers under $300

Yes, that's why I'm considering the def tech studio monitor 55 speakers. Their range is 30-30,000 hz, so I probably wouldn't need a sub. https://www.audioholics.com/home-theater-calibration/a-v-receiver-setup-crossover-distance-level-eq Your crossover should be set no lower than the lowest manufact...
by Soon2BXProgrammer
Wed Dec 26, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Bookshelf speakers under $300
Replies: 81
Views: 3554

Re: Bookshelf speakers under $300

not that i like thumping bass, but by using a subwoofer, you can set the crossover appropriately for your speakers/music, and channel the harder to replicate bass tones to the sub, and leave the higher tones in the speakers that are better designed to handle them. Just something to think about it D...
by Soon2BXProgrammer
Wed Dec 26, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Bookshelf speakers under $300
Replies: 81
Views: 3554

Re: Bookshelf speakers under $300

not that i like thumping bass, but by using a subwoofer, you can set the crossover appropriately for your speakers/music, and channel the harder to replicate bass tones to the sub, and leave the higher tones in the speakers that are better designed to handle them.

Just something to think about it
by Soon2BXProgrammer
Mon Dec 24, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Equities % v. Total Assets at Risk
Replies: 29
Views: 2890

Re: Are you a true believer?

For those who wonder why this is important, it is because using a single metric like equity exposure does not provide an accurate picture of the risk being undertaken and sends the wrong message to newer members of the board. I will illustrate but please help out if I made any math errors. Using th...
by Soon2BXProgrammer
Sun Dec 23, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: Home Heating Advice
Replies: 72
Views: 5857

Re: Home Heating Advice

if possible insulate well and use a heat pump, with potentially propane emergency heat.

propane is expensive in comparison to natural gas. (atleast my experience)
by Soon2BXProgrammer
Sun Dec 23, 2018 5:49 pm
Forum: Personal Consumer Issues
Topic: Cox Cable -- Should I Switch to Verizon?
Replies: 25
Views: 1364

Re: Cox Cable -- Should I Switch to Verizon?

Pretty sure the HOA does not allow outdoor antenna though satellite dishes are allowed. Regardless of what the HOA says is allowed.. they don't have a leg to stand on. My understanding per FCC rules, you are allowed an antenna, and its not a waiver-able thing. see this post in particular, but read ...
by Soon2BXProgrammer
Sun Dec 23, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Equities % v. Total Assets at Risk
Replies: 29
Views: 2890

Re: Are you a true believer?

Why not use the wage index like Social Security does when calculating a person's PIA? my assumption is if your a "young" person, that would work.. However if you have earnings from before 1981, the wage dividing by the old wage base and multiplying by the current base, isn't exact with inflation. I...
by Soon2BXProgrammer
Sun Dec 23, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Cox Cable -- Should I Switch to Verizon?
Replies: 25
Views: 1364

Re: Cox Cable -- Should I Switch to Verizon?

I have been looking at streaming TV. I will say it is not as simple as some people make out. Sure, you can get lots of channels. However, if that doesn't include one or more that you want, is it a bargain? YoutubeTV, in particular, has huge holes in its lineup. Sling seems to not really include loc...
by Soon2BXProgrammer
Sun Dec 23, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: Why Vanguard Total World instead of VTI and VXUS.
Replies: 10
Views: 1605

Re: Why Vanguard Total World instead of VTI and VXUS.

it gives me a lot more tax loss harvesting opportunities having two funds.. if i buy in the market proportion, the market will actually keep them in proportion, so it isn't like it causes me more work.. other then i get to TLH
by Soon2BXProgrammer
Sun Dec 23, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Cox Cable -- Should I Switch to Verizon?
Replies: 25
Views: 1364

Re: Cox Cable -- Should I Switch to Verizon?

I have been looking at streaming TV. I will say it is not as simple as some people make out. Sure, you can get lots of channels. However, if that doesn't include one or more that you want, is it a bargain? YoutubeTV, in particular, has huge holes in its lineup. Sling seems to not really include loc...
by Soon2BXProgrammer
Sun Dec 23, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Equities % v. Total Assets at Risk
Replies: 29
Views: 2890

Re: Are you a true believer?

*Lifetime Earnings Adjusted for Inflation - Earned income (non investment) throughout our life adjusted to today's dollars and summed. Soon2BX - As an already XProgrammer, can you share how you calculated the "today's dollar" adjustments? I have my earnings history - 1966 through 2014. Thanks I use...
by Soon2BXProgrammer
Sun Dec 23, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Equities % v. Total Assets at Risk
Replies: 29
Views: 2890

Re: Are you a true believer?

My wife and I have had 2.1M of Lifetime Earnings Adjusted for Inflation*. our Current Networth is 1.5M, of that almost 1M is in Equities. (the other 500k represents housing, cash, bonds, etc) What does that say? If you back out inflation, we have more then half of every dollar *earned* in our life i...
by Soon2BXProgrammer
Sun Dec 23, 2018 11:07 am
Forum: Personal Investments
Topic: Just another noob worrying about the crash
Replies: 32
Views: 3820

Re: Just another noob worrying about the crash

My stocks consist of S&P 500 (£250k), World (£580k) and specifically Amazon (£1m). I know single stock isn't the Boglehead-way, it's just something I feel strongly about, as I know the company quite well. (I know I'll be attacked for having the £1m in Amazon.) Not attacking. Just trying to understa...
by Soon2BXProgrammer
Sun Dec 23, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 164
Views: 14019

Re: TIPS yield curve inverted at short end

dumb question. is the pressure up on the 1 year tips, basically because you can beat that rate of interest in a lot of other short term nominal interest instruments? Basically because we can guess what the expected inflation is over the next year. roughly plus or minus that is.. within the margin of...
by Soon2BXProgrammer
Sat Dec 22, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401k artificially inflating net worth?
Replies: 88
Views: 4959

Re: 401k artificially inflating net worth?

You just a few posts ago brought up ONE guy with 1M in taxable and 1M in a 401k..... That's quite different than the first post you made in this one, yes? The original point I made was that $1 in 401k is worth less than $1 free and clear of taxes. The person A and person B was just an example to il...
by Soon2BXProgrammer
Sat Dec 22, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: 401k artificially inflating net worth?
Replies: 88
Views: 4959

Re: 401k artificially inflating net worth?

$1 in 401k is worth less than $1 free and clear of taxes. and i stand by that. actually i think it depends on your withdrawal strategy. if one plans to withdrawal little each year over a long period, and they also have taxable and roth dollars. they might be able to take 24k a year out of the 401k ...
by Soon2BXProgrammer
Sat Dec 22, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: 401k artificially inflating net worth?
Replies: 88
Views: 4959

Re: 401k artificially inflating net worth?

The guy with the 1M in cash is clearly better off at that moment in time as he has 0 tax liability and has no strings with that money. The guy with the 1M in the 401k has restrictions with the money and tax liability. Both of those guys, as they are measuring and tracking their progress, should ref...