Search found 3167 matches

by simplesimon
Thu Nov 15, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1124

Re: Embarrassing simple calculation question

greenback wrote:
Thu Nov 15, 2018 12:19 pm
This is still off by $2.99 but i'm attributing that to my rounding.
Not a rounding error.
by simplesimon
Thu Nov 15, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1124

Re: Embarrassing simple calculation question

rasta wrote:
Thu Nov 15, 2018 1:00 pm
ignore the investment rate, it is a complex formula that really makes no sense.

you are earning 68.55 for 54 days. (not 56 as some are using)

daily interest is 1.269

1.269 x 365 = 463.19

463.19/20k = .0232
Why only 54 days? This makes the math work on my end.
by simplesimon
Thu Nov 15, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Embarrassing simple calculation question
Replies: 16
Views: 1124

Re: Embarrassing simple calculation question

I'm getting something close to 2.24%, so I would also like to know.
by simplesimon
Tue Nov 13, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 149
Views: 18256

Re: [Financial] Habits of the Rich

I would have to debate calling most people here rich. To me, rich is at the level when you are well past the FIRE stage (Financial Independence, Early Retirement). Of course, you can eventually become rich, but most people here would not qualify. I would say that you are rich if your assets are pro...
by simplesimon
Tue Nov 13, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1114

Re: Purchasing New Home - Down Payment 20 or 25%??

We're set to close on a new home in a HCOL area in the next month or so. The house price is ~$655k, and we are considering putting down either 20 or 25 percent. In addition to the mortgage and taxes, we'll have an HOA payment of $200/month. Some Details I'm in late 30s; SO in early 30s Current Inco...
by simplesimon
Mon Nov 12, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Paying life insurance for parents
Replies: 13
Views: 1274

Re: Paying life insurance for parents

Her social security would step up after he passes. Does the pension have a survivor benefit?
by simplesimon
Tue Nov 06, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7428

Re: Never thought of living in Bay Area but just got a call from Tesla

Are you single or have kids? If not, what do you have to lose? What do you do after 5:40pm?
by simplesimon
Fri Nov 02, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Thoughts on the New Macbook Air?
Replies: 70
Views: 3991

Re: Thoughts on the New Macbook Air?

I, too, have a 2010 MBP and upgraded the RAM to 8gb a couple of years ago. I'm thinking about upgrading the RAM again to 16gb, adding a SSD, and replacing the battery. How easy is it to switch the HD to SSD and swapping the battery? The Amazon reviews for batteries don't look too promising. Anybody ...
by simplesimon
Fri Nov 02, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2354

Re: Weight Training After 70

In your 70s or 80s are you as interested in "gains" or maintaining fitness and flexibility? These aren't mutually exclusive. All of our bodies are in decline...you need to gain to help maintain. I'm likely missing something. I ran 3 miles this morning. Tomorrow I must run 4 or I don't gain? I walk ...
by simplesimon
Fri Nov 02, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2354

Re: Weight Training After 70

bloom2708 wrote:
Fri Nov 02, 2018 2:09 pm
In your 70s or 80s are you as interested in "gains" or maintaining fitness and flexibility?
These aren't mutually exclusive. All of our bodies are in decline...you need to gain to help maintain.
by simplesimon
Fri Nov 02, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

The reason renting is often a problem in HCOl area (ex NY) is because rent increases significantly year/year. It makes it hard to get ahead. For example our apartment went from $4,250 to $4,600 in one year. The other issue is that because rent is so expensive, it makes it harder to accumulate wealt...
by simplesimon
Fri Nov 02, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2354

Re: Weight Training After 70

I'd recommend a post at https://forum.barbellmedicine.com/forums The site is run by two doctors who are also strength coaches. The rehab section is run by two people who have a lot of training and experience. All four are very cognizant of the latest research. I used to recommend the Starting Stren...
by simplesimon
Fri Nov 02, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2354

Re: Weight Training After 70

The better approach is to train "movement patterns" rather than "muscle groups" because that's how we interact with our environment. We squat down, we bend over, we pick things up, and we lift and move things over our heads. Check out Starting Strength, which is a program focused on squats, deadlift...
by simplesimon
Fri Nov 02, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: HDHP vs. PPO new family
Replies: 7
Views: 374

Re: HDHP vs. PPO new family

You need to lay out the premiums for the two plans and the deductibles. Are you able to max out your HSA contribution?
by simplesimon
Fri Nov 02, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I am not sure how one can compare level of spending between HCOL and LCOL. Beyond basic necessities I don't find much to spend money in a LCOL. Because there is nothing to do. It's not like you can buy expensive tickets at the Met and go to a 3* restaurant. On the other hand housing is not and "exp...
by simplesimon
Thu Nov 01, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I don't think qualitative factors are relevant if we're talking about "how do I get to the number I want in the shortest amount of time?". Neither is the buy vs rent argument because we assume the individual is pursuing the more effective option. The medical/dental/pharmacy professions are unique i...
by simplesimon
Thu Nov 01, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

If he or she gets an apartment in Manhattan for $4k/month, rent is only 36% of net income. Oh, I thought we were comparing apples to apples. My mortgage (and I was building equity) on my McMansion cost less than the RENT on that tiny apartment. You guys are comparing apples to oranges. I spend 20% ...
by simplesimon
Wed Oct 31, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6299

Re: Is an MBA worth it these days?

What's the difference in pay between what you earn now vs what you would earn in the role you want to be in? I changed careers and did a full-time program at a business school outside of the top 20 but was able to make the ROI worth it by networking very hard and landing a banking job (I have a biol...
by simplesimon
Wed Oct 31, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Is market cap weighting a dumb idea?
Replies: 64
Views: 2987

Re: Is market cap weighting a dumb idea?

I will not argue against this until somebody answers a basic question - why do you think this is true? What is the logic? amongst Faber's arguments, there's this point: But there's also a flaw with market cap weighting in that there is no tether to fundamentals. This surprises many people but the m...
by simplesimon
Wed Oct 31, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3534

Re: The most you ever paid for a prescription

I have seen a bill for Remicade that was something like $18k, infused once every eight weeks.
by simplesimon
Wed Oct 31, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Assuming similar cost structure in both areas (high paying job & high living expenses vs. lower paying job & lower living expenses), it's much easier to go from HCOL to LCOL than the other way around. The extra nominal dollars earned will just go farther elsewhere. Same applies globally. It's much ...
by simplesimon
Wed Oct 31, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Assuming similar cost structure in both areas (high paying job & high living expenses vs. lower paying job & lower living expenses), it's much easier to go from HCOL to LCOL than the other way around. The extra nominal dollars earned will just go farther elsewhere. Same applies globally. It's much e...
by simplesimon
Wed Oct 31, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

What I have learned from this offer and thread is that having a larger cash "uninvested" portion of savings can be used for the sole purpose of chasing short-time rewards. I could only come up with $25,000 (Vanguard mmkt. account, plus Ally savings acct.), because the rest of my funds are invested ...
by simplesimon
Wed Oct 31, 2018 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5689

Re: Tax refunds expected to be 26% more in 2019

Sadly, I am one of those who didn't adjust withholdings for 2018. But a nice big refund would be a pleasant surprise in February. It will go straight to our mortgage. You have two months. What’s stopping you? Laziness. We have an electronic W4 at my company through ADP that makes updating withholdi...
by simplesimon
Mon Oct 29, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 6226

Re: Anyone else feel giddy every time VXUS gets creamed?

More annoyed that I have to wait for 30-days to avoid the wash rule.
by simplesimon
Mon Oct 29, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4924

Re: Should I co-sign for relative?

That's nuts. One can't afford a 900/mo lease if one doesn't have the credit to back it up. Simple as that. Car finance companies will fall all over themselves to lend money to just about anyone with a pulse; the fact that they will not, in this case, do the same is a great indication that this is a...
by simplesimon
Mon Oct 29, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36337

Re: Steak Dinner and Annuities: Retirement Product Surges After Fiduciary Rule’s Demise

How does one get invited to these free dinners? Maybe I am too young and poor.
by simplesimon
Fri Oct 26, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

simplesimon, did you sign up for the promotion during the signup period? That's the other initial requirement. Yes, me and my wife are both Ally customers with our own logins. Both email accounts were registered during the sign-up period (we both got separate confirmation emails). Once the funds ge...
by simplesimon
Fri Oct 26, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I currently have an open empty Ally savings linked to my vanguard that I used before prime money market's yield went higher. If I want to sell $100k of prime money market and have it get to ally in time, do I need to initiate the trade by the end of the day today? I thought money market funds settl...
by simplesimon
Wed Oct 24, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I should have been more specific...as mentioned earlier in the thread my plan was to push from Vanguard to Ally into our joint checking account, then have each of us open our own CDs.
by simplesimon
Wed Oct 24, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

4) They cannot take funds sent to the joint account, then moved to the 2nd owner's account, and give that 2nd owner "credit". Once the funds hit the joint account, the "credit" is flagged and that's that. So the ONLY way to get twice the reward is to send the funds to two individual accounts, or re...
by simplesimon
Thu Oct 18, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Do we have the definitive answer about how to get > 1K with two people? Via online chat (I have this saved): Me: so for example, if we have a joint checking account and bring in $200k, and then transfer $100k each to our own separate accounts, we'll each get the bonus? Rep: That is correct. I plan ...
by simplesimon
Thu Oct 18, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I think that this is such a good deal that my wife and I will do it for the max each of $100K, even with the uncertainties involved. The upside if it works out is so much larger than the downside, even if Ally didn't pay any bonus. Yep, came to the same conclusion. Planning on moving $200k from Van...
by simplesimon
Tue Oct 16, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard not allowing reversals of Roth IRA recharacterizations
Replies: 10
Views: 837

Re: notice from Vanguard, can anyone help clarify

No impact, you can keep doing the backdoor Roth.

In the past, one could convert to the Roth and then re-characterize back to non-Roth if the market declined significantly and then re-converted at a lower level to save on taxes.
by simplesimon
Tue Oct 16, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHP + HSA
Replies: 25
Views: 1577

Re: PPO vs HDHP + HSA

I think even if you were unhealthy the HDHP+HSA wins out. Difference in premium of $2,300 is almost offset by the $2,800 in deductible. The tax savings from your HSA contributions and the employer contribution will then be icing on the cake in savings. Unlike a 401K, employer contributions count tow...
by simplesimon
Tue Oct 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

What's the risk here? I can't figure out why Ally is just throwing away money. 1/15/19 seems like an awfully short amount of time. If Ally goes bankrupt, we're covered by FDIC, correct? My best guess is they want to show favorable ratios at 12/31/2018 for financial reporting purposes and hope that ...
by simplesimon
Tue Oct 16, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm worried about the withdrawals clause: "Withdrawals made during the Retention Period may reduce the Cash Bonus amount. Cash Bonus payout will occur within 30 calendar days following fulfillment of these requirements." Does this mean that any withdrawals made prior to 1/15 will reduce the cash bo...
by simplesimon
Tue Oct 16, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Update: I started a chat online with a rep to be sure. This person said that they need to be in separate accounts.
by simplesimon
Tue Oct 16, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Almost 5% yield for a couple of months plus whatever interest you're getting from the account it's in? Seems too good to be true...? I figure 1% for 3 months (10/15 to 1/15) = 4% APR + 1.9% APR = 5.9% APR for the 3 month period. It's actually higher. Funds don't need to arrive until 10/31, so they ...
by simplesimon
Tue Oct 16, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Almost 5% yield for a couple of months plus whatever interest you're getting from the account it's in? Seems too good to be true...? I figure 1% for 3 months (10/15 to 1/15) = 4% APR + 1.9% APR = 5.9% APR for the 3 month period. It's actually higher. Funds don't need to arrive until 10/31, so they ...
by simplesimon
Mon Oct 15, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Momus wrote:
Mon Oct 15, 2018 3:14 pm
They must have tons of outflow because prime MM now paying more because I also moved all my savings out.
Yep, I did the same.
by simplesimon
Mon Oct 15, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 462
Views: 43117

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Almost 5% yield for a couple of months plus whatever interest you're getting from the account it's in? Seems too good to be true...?
by simplesimon
Sun Oct 14, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3211

Re: Reducing overall medical costs. Do we do anything?

For someone claiming to be a doctor I must say I get paid a lot of money to do my job. :D Yes, one small driver of why healthcare is so expensive in the U.S. is this. Um no. Physician reimbursement is something like 8-10% of ALL The cost of healthcare. If you cut it by 50% you would decrease health...
by simplesimon
Sun Oct 14, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3211

Re: Reducing overall medical costs. Do we do anything?

staythecourse wrote:
Sun Oct 14, 2018 12:00 pm
For someone claiming to be a doctor I must say I get paid a lot of money to do my job. :D
Yes, one small driver of why healthcare is so expensive in the U.S. is this.
by simplesimon
Sat Oct 13, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3211

Re: Reducing overall medical costs. Do we do anything?

If all the focus is on outcomes, then financial rationalization goes out the window.

Let's keep the discussion on what people are willing to "gamble" on to help save costs.
by simplesimon
Sat Oct 13, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: Reducing overall medical costs. Do we do anything?
Replies: 67
Views: 3211

Re: Reducing overall medical costs. Do we do anything?

I don't consider seeing a doctor unless a problem persists for more than a couple of weeks and even then I start googling stuff.
by simplesimon
Fri Oct 12, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9901

Re: What is your annual cost for health insurance?

Blue Cross Blue Shield HDHP Cost: $2700/yr for family of 4 minus a $1000 subsidy put into the HSA (net $1700) Coverage: $1500ind/$3000 family deductible and $3000/$6000 OOP max (all preventative care is free) profession: software program manager at a mid-cap private tech firm I cant tell you the em...
by simplesimon
Wed Oct 10, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7833
Views: 1607756

Re: Stocks tumbling?

Institutions selling off in anticipation of earnings misses across the board.
by simplesimon
Wed Oct 10, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: The benefits of international diversification - NOT: Hulbert
Replies: 80
Views: 5380

Re: The benefits of international diversification - NOT: Hulbert

I view international as part of the total (public) market like how a company is part of a sector or industry that is part of the total market.

Why aren't we talking about the worst performing industries over the last couple of decades and completely divesting from them?
by simplesimon
Sat Oct 06, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Should I, and how, act on changes in managing diet and health?
Replies: 65
Views: 4624

Re: Should I, and how, act on changes in managing diet and health?

Save more money. You will live longer. Recalculate your SWR. :wink: When I was in medical school, our witty epidemiologist professor once opined, "the thing about diets is that they may not make you live any longer, but they may make you feel like you have". I don't discount the importance of avoid...