Search found 36 matches

by SteelCityMD
Sat Oct 12, 2019 9:35 am
Forum: Personal Investments
Topic: CD or invest?
Replies: 13
Views: 1427

Re: CD or invest?

Duplicate post
by SteelCityMD
Sat Oct 12, 2019 9:35 am
Forum: Personal Investments
Topic: CD or invest?
Replies: 13
Views: 1427

Re: CD or invest?

How stable is the farm income? Is it passive or do they work for it (i.e. is it going away soon?)

Either way they seem fine on pension and SS alone.

It may make sense to consider some of this money for future generations.
by SteelCityMD
Thu Oct 03, 2019 10:22 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2512

Re: 100% Stock too Aggressive in 401k Plan?

If you’re a year in and maxing it out your balance is probably $25k? How upset would you be if it became $12k? I’d be happy because you’re buying stocks on sale but many wouldn’t. Imagine you are 50 now and it’s $1M. Would you be mad if it fell to $400k. There’s a good reason to consider your time h...
by SteelCityMD
Mon Apr 01, 2019 8:18 pm
Forum: Personal Consumer Issues
Topic: Dealing with craigslist scammers
Replies: 22
Views: 2013

Re: Dealing with craigslist scammers

whodidntante wrote:
Mon Apr 01, 2019 8:15 pm
I like to waste their time when I am doing cardio. The gym probably assumes I'm watching funny cat videos. It beats the fox news/cnn continuous emergency entertainment.
I'm kind of busy - I'd like to hit them where it counts. Or somehow get them arrested, charged with a crime etc.
by SteelCityMD
Mon Apr 01, 2019 8:07 pm
Forum: Personal Consumer Issues
Topic: Dealing with craigslist scammers
Replies: 22
Views: 2013

Dealing with craigslist scammers

From time to time I sell things on craigslist. Usually, they are smaller items, but this time a storage unit for a garage. One that might require movers for $200 bucks or so. I seem to have struck the holy grail for this check fronting scheme where I've received 4 offers already for people who want ...
by SteelCityMD
Fri Feb 22, 2019 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8427

Re: thinking about un-retiring

What are you doing now Monday - Friday to fill the time?

Any grandkids?

Any travel or other goals you want to meet but haven't? There are things people can do in their 60s that may be difficult in the 70s (hiking, foot travel, etc.)
by SteelCityMD
Thu Aug 23, 2018 1:14 am
Forum: Personal Investments
Topic: Roth IRA in peak earning years?
Replies: 8
Views: 911

Re: Roth IRA in peak earning years?

Thanks, I think I get it. I thought he was asking whether he should do an Roth IRA conversion (which can be for any amount and would require paying taxes on the conversion, which is why it is not recommended at higher brackets). But he is instead asking if he should do a backdoor Roth IRA (which is...
by SteelCityMD
Wed Jul 18, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Good to Go, yes/no?
Replies: 21
Views: 2163

Re: Good to Go, yes/no?

4% of 2.9M is well in excess of your 40-60k esp. after social security. Enjoy :sharebeer
by SteelCityMD
Mon Oct 31, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Another Repair or Replace Car Thread
Replies: 28
Views: 4086

Re: Another Repair or Replace Car Thread

Time to replace. Can't take it with you.
by SteelCityMD
Mon Oct 24, 2016 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new (used) car?
Replies: 24
Views: 3125

Re: Can I afford a new (used) car?

I love Bogleheads. Nowhere else on earth would someone who is 37 with 1.6M ask if they can spend 30k on a car.

YES. Enjoy it.
by SteelCityMD
Sat Apr 02, 2016 3:46 am
Forum: Personal Consumer Issues
Topic: Tuxedo rental for prom?
Replies: 24
Views: 2980

Re: Tuxedo rental for prom?

Watty wrote:Buying a tux of a 17 or 18 year old is pretty silly.

There is almost no chance that it will fit him in a year or two.

I came in to post this exact same thing. I graduated high school at 145 lbs; graduated college at 210.
by SteelCityMD
Wed Mar 30, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 16796

Re: Got a Question for Jack Bogle? Post it Here.

what is Jack's view of the so called "smart beta" with many flavors such as fundamental or factor investing, such a low volatility for example with the belief by its proponents that plain vanilla market cap indexing is sub-optimal. Bigger stocks which dominates an index get more overvalued in a bul...
by SteelCityMD
Tue Mar 29, 2016 1:56 pm
Forum: Personal Investments
Topic: Getting ship shape in self employment
Replies: 7
Views: 897

Re: Getting ship shape in self employment

I've read objections that you don't have the same investment flexibility but I'm not sure that's the case given the options I've read about unless you're after some pretty serious flexibility :) I have found that you can get most investments that you want, but not without paying some high (reasonab...
by SteelCityMD
Mon Mar 28, 2016 5:32 pm
Forum: Personal Investments
Topic: Getting ship shape in self employment
Replies: 7
Views: 897

Re: Getting ship shape in self employment

Others in this thread are correct, the TLH only applies to taxable. There's no benefit to you in your IRA. If you are paying the .15% for this service you are wasting that money. That said, identical purchases of funds within retirement accounts, specifically an IRA may disqualify a TLH in a taxable...
by SteelCityMD
Fri Feb 12, 2016 5:36 pm
Forum: Personal Investments
Topic: Ex advisor told me to allocate 85-15 in 401K at 48 yrs old
Replies: 8
Views: 1002

Re: Ex advisor told me to allocate 85-15 in 401K at 48 yrs old

Not a huge difference and not worth an urgent change if you aren't retiring before 60.

Do you gave other assets? Did the FA take those into account?
by SteelCityMD
Fri Feb 05, 2016 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Payoff debt with Roth?
Replies: 19
Views: 1632

Re: Payoff debt with Roth?

Thank you for reading my question. In brief, I recently became aware of a 30k unsecured debt my wife accrued at a fixed 7.29% interest rate. While I don't wish to discuss the relational aspect of this I would appreciate advice on the following question: I have a Roth IRA with contributions sufficie...
by SteelCityMD
Fri Jan 29, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: WSJ subscription, any deals?
Replies: 15
Views: 7245

Re: WSJ subscription, any deals?

Leemiller wrote:Anyone know if you can use miles or the like to get the online journal? I only see options for the print version.

I'm also interested, if anyone has a good deal!
by SteelCityMD
Mon Jan 25, 2016 10:24 pm
Forum: Personal Consumer Issues
Topic: Thinking about Hulu
Replies: 16
Views: 2099

Re: Thinking about Hulu

I believe that even the paid version of Hulu shows adds. I would look at netflix instead Agreed. There's no way I'm paying Hulu to watch ads They recently added a no commercial option: http://www.hulu.com/help/articles/23865563 Our Limited Commercials plan is available for $7.99/month, and our No C...
by SteelCityMD
Sun Jan 10, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Time to change my credit cards?
Replies: 28
Views: 3830

Re: Time to change my credit cards?

I called Amex. They cannot transfer me from my Gold to the Preferred Blue rewards card. I would have open a new account for the Blue and then close my Gold account. I don't want to "lose" 30 years of good credit history on my Gold card. American express usually only "converts" downwards for cards o...
by SteelCityMD
Wed Nov 25, 2015 9:15 am
Forum: Personal Investments
Topic: Vanguard -> Bank America/Merrill Edge
Replies: 28
Views: 5940

Re: Vanguard -> Bank America/Merrill Edge

One thing to point out. The credit card mentioned a few times in this thread is REALLY good. Like, arguably, the best credit card on the market today (Definitely the best cashback credit card). The only downside, you actually have to own 100,000 bucks to get it! If you are into those types of things...
by SteelCityMD
Mon Sep 21, 2015 4:51 pm
Forum: Personal Investments
Topic: Double Check? Choosing Roth 401k contributions for my situation
Replies: 16
Views: 1362

Re: Double Check? Choosing Roth 401k contributions for my situation

1. Do you plan on early retirement, or any low earned income years? 2. Do you already have substantial assets in either Roth or Pre-tax 401(k)? A lot of people use the pre-tax space to convert it in early retirement years at much lower rates than you are currently paying in taxes. Hard to say what y...
by SteelCityMD
Sun Aug 16, 2015 6:42 pm
Forum: Personal Consumer Issues
Topic: Negotiating on CERTIFIED used cars.. strategy?
Replies: 12
Views: 9441

Re: Negotiating on CERTIFIED used cars.. strategy?

In this situation I would email 10 dealers and buy the new one for 17k.
by SteelCityMD
Thu Aug 13, 2015 9:55 am
Forum: Personal Investments
Topic: How long does money need to be in a 529?
Replies: 8
Views: 1558

Re: How long does money need to be in a 529?

Yes this assumes no other (better) credit is available. Can't use the same dollars for both.
by SteelCityMD
Wed Aug 12, 2015 9:38 pm
Forum: Personal Investments
Topic: How long does money need to be in a 529?
Replies: 8
Views: 1558

Re: How long does money need to be in a 529?

In PA there was no length requirement, went right in and out. Just check on the fees. I used Utah, which had none, just enough time for the initial transfer to clear.
by SteelCityMD
Wed Aug 05, 2015 7:48 am
Forum: Personal Consumer Issues
Topic: Buying a Rolex Watch
Replies: 171
Views: 26300

Re: Buying a Rolex Watch

I did a decent amount of research on this issue. Here was my conclusion: Rolex is the only watch that doesn't go down in value [too much]. They are pretty close to holding their value over time. If you are overly concerned with the investment aspect, there's only one answer really: buy a timex and i...
by SteelCityMD
Fri Jun 12, 2015 11:04 am
Forum: Personal Investments
Topic: Backdoor Roth IRA timing with existing IRA balance
Replies: 13
Views: 1320

Re: Backdoor Roth IRA timing with existing IRA balance

I was under the impression that the pro-rata rule only applied to non-deductible tIRA balances. It was my assumption that a 401(k) - the deductible version or the Roth version, wouldn't impact this. Is that incorrect? The 401k itself will not interfere. If the 401k is rolled into tIRA which is what...
by SteelCityMD
Fri Jun 12, 2015 10:21 am
Forum: Personal Investments
Topic: Backdoor Roth IRA timing with existing IRA balance
Replies: 13
Views: 1320

Re: Backdoor Roth IRA timing with existing IRA balance

I was under the impression that the pro-rata rule only applied to non-deductible tIRA balances.

It was my assumption that a 401(k) - the deductible version or the Roth version, wouldn't impact this. Is that incorrect?
by SteelCityMD
Mon Jun 01, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 9621

Re: Physician Own Occ Disability Insurance

Could you run for females and include the multi life discount or similar discount for other providers? This is where I found principal to really pull ahead in pricing. It takes a while to run all the quotes so I can't really do it right now, but yes Principal does have the best pricing for females ...
by SteelCityMD
Sun May 31, 2015 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Own Occ Disability Insurance
Replies: 29
Views: 9621

Re: Physician Own Occ Disability Insurance

Interesting results, about what I expected. Assuming a 30 year old male ER doc at regular rates, making the comparison as apples-to-apples as possible: -Age-67 benefit period -90-day elimination period -Guaranteed renewable/non-cancellable -$5k/month Total Disability benefit -$5k/month Catastrophic...
by SteelCityMD
Sun May 31, 2015 2:25 pm
Forum: Personal Consumer Issues
Topic: How to sell diamond ring?
Replies: 2
Views: 722

Re: How to sell diamond ring?

I'd start with a local jeweler or two to get a baseline. Then list it on Craigslist for higher. Then list is on https://www.idonowidont.com/ If no luck after a month or so, return to jeweler. I've heard you can get roughtly 50% of retail. If you are in the market for a nice watch or something simila...
by SteelCityMD
Mon May 18, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Switching Disability Insurance - From Guardian to Principal for Family Medicine
Replies: 6
Views: 2261

Re: Switching Disability Insurance - From Guardian to Principal for Family Medicine

Also, I believe she received a discount from Principal for her particular residency program, so check into that too if she hasn't received that discount. One plan was own-occ with mental limitation for $4k, and the other plan was trans-occ without mental limitation for $1k. I believe they call it t...
by SteelCityMD
Sat May 16, 2015 6:48 pm
Forum: Personal Investments
Topic: ?
Replies: 13
Views: 2739

Re: My 457(b)

Barry, Welcome! Good initial post. I think you have already received good advice, but I would not overthink it too much. You won't see much difference between 30/40% international or 20/30% bonds with account balance of only 10k. The bigger wins here: 1. Getting the employer match 2. Trying to save ...
by SteelCityMD
Sat May 16, 2015 6:41 pm
Forum: Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 6354

Re: Post tax investing or Pay off 2.95% Mortgage?

nyinca wrote: Would you put the money towards paying off mortgage or post tax investing ?(39% tax bracket)
I'd do post tax investing, esp. in that tax bracket. at 39% that's a huge income - what % of your income are you saving now?
by SteelCityMD
Fri May 15, 2015 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: post-tax contributions into HSA?
Replies: 9
Views: 14787

Re: post-tax contributions into HSA?

Sounds like you are clear on the benefits now, at least for deducting federal income tax at tax time. How much is in your old HSA from the previous employer? Combined with your new contributions there are plenty of low-interesting paying accounts that you can use if your balance is low, that are fre...
by SteelCityMD
Tue May 12, 2015 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Disability Insurance - From Guardian to Principal for Family Medicine
Replies: 6
Views: 2261

Re: Switching Disability Insurance - From Guardian to Principal for Family Medicine

Hey Bolder, thanks for your response. Having trouble finding their exact language on "reg. occ" but will post it if I can find it. Maybe another helpful member has it handy. The premium is locked in, non-cancelable guaranteed renewable. There doesn't appear to be an SSDI clause in my current Guardia...
by SteelCityMD
Tue May 12, 2015 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Disability Insurance - From Guardian to Principal for Family Medicine
Replies: 6
Views: 2261

Switching Disability Insurance - From Guardian to Principal for Family Medicine

Writing for DW, who currently has policy with Guardian. 2YR resident, specialization is in Family Medicine. I realized that Principal offers a more favorable Occupation Class (5A-M), compared to Guardian's (4M) for her specialization. Because of this, we decided to obtain a quote from Principal and ...