Search found 556 matches

by terran
Wed Nov 15, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1933

Re: How much to charge for nanny services on New Year's Eve?

Seems like "time and a half" overtime rates, so $26.25 would be appropriate for unusual/high demand/holiday duties.
by terran
Sun Nov 12, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 2809

Re: Schwab/Fidelity vs BoA Gold: Checking

Schwab/Fidelity are better for international use though. Thanks for commenting. Can you say more on how they are better? The same reasons you and others have already outlined. Ally reimburses up to $10 per month of domestic ATM fees, but it doesn't reimburse international ATM fees. It may or may no...
by terran
Sun Nov 12, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 2809

Re: Schwab/Fidelity vs BoA Gold: Checking

Capital One 360 Checking. It has similar benefits as Schwab/Fidelity, except it doesn't reimburse other institution's ATM surcharge. Does Capital One have any benefit (within US) over Schwab/Fidelity that would offset this? I know it has one benefit outside the US. Capital One is Mastercard, which ...
by terran
Sat Nov 11, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: taxes on selling off photo gear?
Replies: 13
Views: 931

Re: taxes on selling off photo gear?

If personal property sold on ebay. . .why would there be taxes due? I don't think it matters if they're personal property or where they're sold. If you make money you owe taxes. I will sell the lenses for less than I paid for them. Do I owe any federal taxes on these sales? This is the key point. S...
by terran
Fri Nov 10, 2017 5:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?
Replies: 12
Views: 1056

Re: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?

I'm in Northwest Arkansas. I live in Fayetteville. I would love to get together with everyone for some coffee or a beer sometime. I'm 27 years old, and as you can imagine, my wife and I are the minority in a town like Faytown with us being Bogleheads :sharebeer I'm also in NW Arkansas. Anything eve...
by terran
Fri Nov 10, 2017 12:58 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?
Replies: 12
Views: 1056

Re: [Bogleheads Local] Chapters in Southern Missouri/ Northern Arkansas?

I'm in Northwest Arkansas. I live in Fayetteville. I would love to get together with everyone for some coffee or a beer sometime. I'm 27 years old, and as you can imagine, my wife and I are the minority in a town like Faytown with us being Bogleheads :sharebeer I'm also in NW Arkansas. Anything eve...
by terran
Thu Nov 09, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1840

Re: Mega Backdoor questions

Yes you can. Depending on how long you expect to work there, or how long until you reach 59.5 it may make more sense to invest in taxable as capital gains taxes are less than regular income taxes which is what you'll pay on the gains in an after tax account. I'm only 44 and hopefully plan to stay w...
by terran
Thu Nov 09, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor questions
Replies: 31
Views: 1840

Re: Mega Backdoor questions

Yes you can. Depending on how long you expect to work there, or how long until you reach 59.5 it may make more sense to invest in taxable as capital gains taxes are less than regular income taxes which is what you'll pay on the gains in an after tax account.
by terran
Sat Nov 04, 2017 12:29 am
Forum: Investing - Help with Personal Investments
Topic: HSA related health care question
Replies: 10
Views: 985

Re: HSA related health care question

You will have a family plan HDHP and as an HSA eligible individual for that plan that is all that is necessary to have the HSA family plan contribution limit. She will not be a eligible individual able to open her own HSA or make HSA contributions, but any of her unreimbursed medical expenses are q...
by terran
Fri Nov 03, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max out 403(b) on last check?
Replies: 9
Views: 844

Re: Should I max out 403(b) on last check?

If you were going to be in a lower tax bracket in retirement than you are this year then I would definitely max out the 403b. Since you expect to be in the same bracket I suppose I still probably would because it would give you the option of converting it to roth (where it can then grow tax free for...
by terran
Fri Nov 03, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 87
Views: 7064

Re: Should I decline Grand Prize trip because of taxes on winnings?

I wouldn't pay $4000 for the trip you describe (I probably wouldn't even pay $1350 in my own 15% bracket), but I'm not a golfer. It sounds like you are, and that you would enjoy this "once in a lifetime" trip, so I say go for it (as long is it won't seriously derail other goals and responsibilities ...
by terran
Thu Nov 02, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: HSA related health care question
Replies: 10
Views: 985

Re: HSA related health care question

You will have a family plan HDHP and that is all that is necessary to have the HSA family plan contribution limit. She will not be a eligible individual able to open her own HSA or make HSA contributions, but any of her unreimbursed medical expenses are qualified medical expenses for your HSA. Are ...
by terran
Tue Oct 31, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: taxes on selling off photo gear?
Replies: 13
Views: 931

Re: taxes on selling off photo gear?

If personal property sold on ebay. . .why would there be taxes due? I don't think it matters if they're personal property or where they're sold. If you make money you owe taxes. I will sell the lenses for less than I paid for them. Do I owe any federal taxes on these sales? This is the key point. S...
by terran
Thu Oct 26, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 4200

Re: How to get over the fear of traveling without spouse and children?

Not that I would suggest money can replace you, but would buying life insurance that could cover the loss of income and services you provide your family make you feel better about things?
by terran
Fri Oct 20, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Convert taxable to pre-tax?
Replies: 5
Views: 407

Re: Convert taxable to pre-tax?

My question is, does it make sense to max out the 403(b) and 457 (which brings my take-home from the state down to almost nothing) and sell a big chunk of the stock in my taxable account to live off of? If you're planning to sell the assets in taxable anyway (which it sounds like you are to change ...
by terran
Fri Oct 20, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: 2018 IRS tax information
Replies: 28
Views: 4133

Re: 2018 IRS tax information

EricaInvestPink wrote:
Fri Oct 20, 2017 9:11 am
Sorry if this is a dumb question but for the "income" they are talking about, say for TIRA contribution limits, is it gross income, AGI, or taxable income??
It varies. Usually AGI or Modified AGI. For the t.IRA deduction limits it's MAGI.
by terran
Wed Oct 18, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Complicated social security situation
Replies: 0
Views: 309

Complicated social security situation

My mother (born 1965, so FRA 67 in 2032) is collecting SSDI. She was married to my father (born 1964, so FRA 67 in 2031) for more than 10 years, but they are divorced and she is currently unmarried. My father has remarried, and his current wife is public school teacher in a state that I believe does...
by terran
Tue Oct 17, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Basic HSA question
Replies: 8
Views: 682

Re: Basic HSA question

I have $67 in an ancient HSA account. I have lost the ATM card, and really just want to be done with it. Can it be as simple as finding a receipt (copay or prescription) that adds up to $67, 'filing it' in my file, and paying myself $67 from the HSA account? Yes, as long as you have proof of a prev...
by terran
Sun Oct 15, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

The question then becomes how long it will take for any initial increases in happiness to wear off? ...how long do you need to change your circumstances before you know whether it will just become your new reality and your happiness will reset to baseline or whether this is something that really do...
by terran
Sun Oct 15, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

... most of the accommodation was "free" at our world-class-view oceanside cliff holiday home that I hardly use... 1. a house with a million $ view (every time I walk in I feel WOW!) and the value appreciates beyond inflation :mrgreen: Since this applies directly to the specific question in my OP, ...
by terran
Sun Oct 15, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

I've been reading A Guide to the Good Life: The Ancient Art of Stoic Joy and "the human mind is attuned to contrasts: it may be preferable to interrupt good experience with periods of boredom than to have an uninterrupted good experience" reminds me of some of the suggestions in the book of practic...
by terran
Sat Oct 14, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

2015 wrote:
Sat Oct 14, 2017 10:27 pm
The book was quite valuable in describing the matrix of spending that we are caught up in through signaling. Again, I apologize for being unable to locate its exact title. :annoyed
No worries, thanks for looking!
by terran
Sat Oct 14, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

With respect to this thread, I highly recommend the following books to help see the big picture with respect spending manipulation : 1) Signaling, 2) The Art of Choosing; and 3) The Status Syndrome_How Social Standing Effects Our Health and Longevity Is this the Signaling book you're referring to: ...
by terran
Sat Oct 14, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

For folks that are not willing to allow your living style to creep up, do you still have a land line instead of a smart phone, use OTA TV instead of cable or streaming, carry stacks of books around or one tablet, wait for loved ones to call or get on Facebook? Hedonic adaption may sound bad but unl...
by terran
Sat Oct 14, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

I will try my thought again, the inability of human beings to maintain a higher level of happiness through a single life achievement is what drives them to continual strive and achieve. Conversely, returning to a stable level of happiness also allows them to recover from failure and tragedy to move...
by terran
Sat Oct 14, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

Another factor, experimentally demonstrated by Daniel Gilbert, is whether the change is reversible. Participants who were told that they could return their purchase were less happy with it than those who could not. In real life, sides that have lost a war and refugees contemplate for tens and even ...
by terran
Sat Oct 14, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

I have always been interested in the "Hedonic treadmill" :happy “It’s not how much we have, but how much we enjoy, that makes happiness.” https://positivepsychologyprogram.com/hedonic-treadmill/ To me it is misnamed (probably misunderstood), it should be the Hedonic Ladder. After all isn't this wha...
by terran
Sat Oct 14, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

So it sounds like you decided "I wlll save as much as I spend each year" and went from there? I think that is a laudable goal to get someone to spend less and save a boatload of money. For the last few years we've been saving about twice what we spend. This is just because we have only increased sp...
by terran
Sat Oct 14, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

The question then becomes how long it will take for any initial increases in happiness to wear off? Unsurprisingly, there is not a constant number.... It varies depending on the item and experience. But to pick a single number.... Large lifestyle events generally take 5 years or so before you retur...
by terran
Sat Oct 14, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

In my specific case, can I rent an AirBNB with a view for a month and leave all my stuff where it is, or do I need to get a year lease and go through the hassle of moving? Or is this even possible: maybe the experience of renting a thing short term is fundamentally too different from owning long te...
by terran
Sat Oct 14, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

<<If you have already discovered your optimal lifestyle >> I save one year of annual expense every year. Then, I spend the rest. I based my lifestyle on that. <<know when you want to retire >> I FI whenever I hit my 25X annual expense number. I do not want to save more. So, back to the big picture ...
by terran
Sat Oct 14, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

Experimenting in reverse does not require major life changes. I am not going to sell my too big house because it would be an enormous hassle to do so and move. But I can further cut back on those luxuries that I have tried and know do not appeal to me. It is easy for me because I find most of what ...
by terran
Sat Oct 14, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

Re: How long for hedonic adaptation to set in?

OP, 1) How does any of this matters if you save enough? If you "Pay Yourself First" and save enough, you can spend the rest and it won't matter. So, if your first question is whether you save enough and the answer is yes, the rest won't matter. Your problem is you spend first and save later. This i...
by terran
Sat Oct 14, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7421

How long for hedonic adaptation to set in?

I think like most of us here, I'm all for spending money that will truly make us happy. Of course, the flip side of this is the danger of spending money on things that we think will make us happy, but in the long term do not. It occurs to me that for some purchases that are hard to reverse, perhaps ...
by terran
Wed Oct 11, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: 457 Plan Question
Replies: 5
Views: 648

Re: 457 Plan Question

One thing to note: are you a government employee? Governmental 457 plans are a great option that are much like a 401k or 403b but without the early withdrawal penalties if you withdraw before 59.5 years old. Non-governmental 457 plans are subject to your employer's creditors, so you also need to con...
by terran
Wed Sep 27, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo 401k Electronic Transfers
Replies: 11
Views: 734

Re: Fidelity Solo 401k Electronic Transfers

Why is mailing a check such a big deal? If you go into a branch they'll even give you postage paid envelopes so you don't even have to pay for postage.
by terran
Sun Sep 24, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I have to save?
Replies: 18
Views: 3904

Re: How much do I have to save?

Thanks everyone! I guess I'm still confused. If I hit 3.3MM in 18 years, which will yield 100k at 3%, that 100k won't be enough. So shouldn't I be shooting for a higher number? The idea is that you do all your calculations in current dollars, but reduce your expected returns for inflation. So maybe...
by terran
Mon Sep 18, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 949

Re: Short term disability insurance

The general wisdom is that you should insure against losses you can't afford, not against those you can. IMO this is what an emergency fund is for, so I also wouldn't pay the premium. One exception is that pregnancy can be considered a short term disability, so if you're a woman and planning to have...
by terran
Wed Sep 06, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Recommendations on voice recorder?
Replies: 11
Views: 713

Re: Recommendations on voice recorder?

My wife used her iPhone and iPad (for backup just in case) to record interviews and focus groups she conducted while writing her dissertation. Worked well.
by terran
Tue Sep 05, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: SUNY System 403(b) Annuity Options
Replies: 11
Views: 840

Re: SUNY System 403(b) Annuity Options

I think that's just what 403(b)s are called. Sounds like you have some great investment options and good reason to defer as much income as you can (free tuition), so it seems like a good idea. I wouldn't worry about what they call it as long as you're satisfied with the investment options.
by terran
Tue Sep 05, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: What to do with money you might want, but don't need within 5 years
Replies: 2
Views: 549

What to do with money you might want, but don't need within 5 years

I know the conventional wisdom of what do with money you need within the next 5 years (put it in a high interest, FDIC insured savings account), but what about money you might (or might not) want in that timeframe? Here's the situation: We sold our house, moved part way across the country and are no...
by terran
Mon Sep 04, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 5233

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

How willing would you be to sell that $900k house and move to a lower cost of living location? $300k (or less) will buy a plenty nice house in many parts of the country and an extra $600k in your portfolio would add a nice chunk to your safe withdrawal amount (at whatever rate you're comfortable wit...
by terran
Fri Sep 01, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 973

Re: mega backdoor Roth 401k practical issues

I guess where I'm confused is the link talks about after tax traditional contributions rolling over to a Roth IRA. The OP specifically said his is not to an iRA, but to a Roth 401k. If that is right, how can he contribute $18K to a pretax 401k, and then additional money to a Roth 401k in the same y...
by terran
Fri Sep 01, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 12
Views: 973

Re: mega backdoor Roth 401k practical issues

I am confused. So you are able to contribute $18k to a traditional 401k, then contribute additional amounts to after tax 401k and roll it into a Roth 401k? Not to mention contributions to a 402 which I am not familiar with. I a curious how you can contribute more than $18k to tax deferred 401ks. I ...
by terran
Thu Aug 31, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Our Family FI Plan for Your Critique
Replies: 26
Views: 2487

Re: Our Family FI Plan for Your Critique

With interest rates like those get the 5% match, but otherwise forget about maxing out any retirement accounts. You're in a debt emergency and need to get out of that before anything else.
by terran
Thu Aug 24, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 3010

Re: What to do with series EE savings bonds?

https://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm The link suggests you are earning about 1.68% on these bonds, tax-deferred, with excellent liquidity. That is better than a bank account. These bonds also doubled (reached face value)...
by terran
Thu Aug 24, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Priorities - Biglaw junior associate
Replies: 45
Views: 4668

Re: Priorities - Biglaw junior associate

With the commonalities of high student loan balances and high salaries you might find a read through https://www.whitecoatinvestor.com/ helpful.
by terran
Thu Aug 24, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 3010

Re: What to do with series EE savings bonds?

https://treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm The link suggests you are earning about 1.68% on these bonds, tax-deferred, with excellent liquidity. That is better than a bank account. These bonds also doubled (reached face value)...
by terran
Thu Aug 24, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: What to do with series EE savings bonds?
Replies: 28
Views: 3010

What to do with series EE savings bonds?

My wife's father recently discovered some paper Series EE savings bonds that her grandmother had given her in childhood, so I was looking into them to see how they work. They were issued in 1998, so my understanding is they mature next year and will stop earning interest in 2028. From what I can gat...
by terran
Sat Aug 19, 2017 1:06 am
Forum: Personal Finance (Not Investing)
Topic: New job will lump sum me over HSA limit
Replies: 11
Views: 1125

Re: New job will lump sum me over HSA limit

The administrator/bank should be able to correct an over contribution. You'll have to pay tax on it, but you'll still come out ahead by letting them make the contribution.