Search found 151 matches

by BUBear29
Fri May 06, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: What is considered Inside information?
Replies: 39
Views: 3532

Re: What is considered Inside information?

DW has a playing account of $30k. She likes to buy and hold individual stocks. She is interested in the stocks where our daughter works but she is jut a worker bee. Being a long term investor (3 years plus), she would like to buy 100 shares since the company is tanking, nearing 52-week low. Would t...
by BUBear29
Tue May 03, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance - hold or cash out?
Replies: 21
Views: 2919

Re: Whole Life Insurance - hold or cash out?

Five years ago, my financial advisor (then a Northwestern Mutual agent) convinced me to start contributing to a whole life insurance policy. Since then, my advisor has left NM to operate independently and recently helped me convert the policy over to Mass Mutual. My personal expenses have also incr...
by BUBear29
Tue May 03, 2016 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Recruiters reaching out with larger salary, how to ask for a raise at current job
Replies: 36
Views: 6646

Re: Recruiters reaching out with larger salary, how to ask for a raise at current job

I'm not looking but I'm also getting feelers from recruiters. I'm at 113k and I know I can get more based on what the market dictates. I know recruiters give you a range, but I'm confident I can get an offer or two from jobs that offer 125-130k. I like where I am and we didn't get a raise this year...
by BUBear29
Mon May 02, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 100371

Re: High Earners - What's Your Profession?

simplesimon wrote:Commercial banker.
Commercial underwriter.
by BUBear29
Sun Apr 17, 2016 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced dad, trying to regroup
Replies: 19
Views: 3291

Re: Divorced dad, trying to regroup

Car shopping is OK but as a divorced male don't let the little head overrule the big head. Sexy sports cars are nice but don't go over budget. Your kids comfort in your car is important. I'm trying to be frugal in this area. But not TOO frugal. I'm currently driving a 2002 Mercury Grand Marquis. I'...
by BUBear29
Fri Apr 15, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 14391

Re: University of Virginia vs University of Miami

My son is trying to decide between these two schools. I thought that some people on this board my have some interesting opinions. Some details: General: 1) My son is not sure what he wants to major in. He is an excellent student who has always been interested in many things. At this point he's thin...
by BUBear29
Wed Apr 13, 2016 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 4158

Re: Switch to Geico from USAA

Thanks for all your responses!

I moved my auto, renters (travelers) and umbrella to Geico (saving me $1400 a year!!) and kept my valuable personal property insurance with USAA.
by BUBear29
Wed Apr 13, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 4158

Re: Switch to Geico from USAA

BlueFin wrote:If you're not already a Berkshire stock holder you could buy some then get an additional discount for being a share holder.
I asked about this and was told I had to hold A shares? Is this correct? I can't afford $212,000 shares right now...
by BUBear29
Tue Apr 12, 2016 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 4158

Switch to Geico from USAA

Hello Bogleheads, I live in Texas and recently received a letter stating my auto insurance premium would rise $200 due to no faut of my own other than living in a state with high claims. I'm an underwriter so I get it. My 12 month rate on two suvs was $2900. I decided to check Geico and got a quote ...
by BUBear29
Mon Apr 11, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Migrate Spouse's HSA? To Where?
Replies: 6
Views: 919

Re: Migrate Spouse's HSA? To Where?

Hi, My wife has an old HSA account, with about $3,500, with Health Equity. But Health Equity requires the first $2,000 to be in the savings account accruing basically no interest, and cannot be invested. As such, only about $1,500 is invested. Also, I don't know if she's being charged any maintenan...
by BUBear29
Sun Apr 10, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

Age:26 You have about 40 years until the typical retirement age so there is a significant chance that something will happen like; 1) Changing jobs(It is very rare to work with one employer for 30+ years these days.) 2) Your pension plan is frozen or changed(I had this happen and it is common) 3) Yo...
by BUBear29
Fri Apr 08, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Dallas suburbs or Northern Virginia for me?
Replies: 87
Views: 9551

Re: Dallas suburbs or Northern Virginia for me?

I would be remiss if I didn't tell you to consider Denver. Better overall lifestyle up there with the mountains out your backdoor (and an hour away). Tons of up and coming tech jobs, great food, trendy downtown and Boulder is close by. We love Dallas but will be moving back to Denver in a few years...
by BUBear29
Fri Apr 08, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: Dallas suburbs or Northern Virginia for me?
Replies: 87
Views: 9551

Re: Dallas suburbs or Northern Virginia for me?

The wife and I just moved to Dallas from Denver. We moved here for my job and my wife is from Dallas originally. It's a great place to live with lots of highly educated singles and a decent amount of tech jobs. However, I would be remiss if I didn't tell you to consider Denver. Better overall lifest...
by BUBear29
Fri Apr 08, 2016 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

OP, Is it possible that you may not work with this employer long enough to qualify for the pension? If yes, you may want to hedge you bet and contribute to Trad. 401K. KlangFool I am already qualified for the pension, but I should clarify it is a pension plan that builds over time. My account earns...
by BUBear29
Fri Apr 08, 2016 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

P.S. You may find later, if your 401k contributions increase to nearer $18k, that it is advantageous to put some in traditional. This would lower your taxable income and keep you in the 25% bracket if you are creeping near the 28% bracket. Great! Thanks to you and Grabiner for the great advice! I h...
by BUBear29
Fri Apr 08, 2016 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

Why not spread your tax burden and contribute to both? Is that an option for you? You are already getting a split, as the employer match in the 401(k) is always traditional. But what I recommend as a split is going all-Roth when you are in the 25% bracket, and then going all-traditional when you mo...
by BUBear29
Thu Apr 07, 2016 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

Why not spread your tax burden and contribute to both? Is that an option for you? It is certainly an option. Based on the Wiki though, we expect to be in the same bracket in retirement (won't be 15% for sure) and expect to retire in Colorado (state income tax). As such, I am leaning to continue con...
by BUBear29
Thu Apr 07, 2016 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Re: Roth vs. Traditional 401k

tludwig23 wrote:
BUBear29 wrote:Annual Contributions
$4.25M his Roth 401k (5% match = $4.25M)
$5.5M his Roth IRA
$5.5M her Roth IRA
$6.75M HSA
$0 Taxable
I think if you have over 20 million per year to contribute it doesn't much matter. Or did you mean "K"?
Sorry, I work in finance where we use M instead of K. M=$1,000
by BUBear29
Thu Apr 07, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional 401k
Replies: 54
Views: 5339

Roth vs. Traditional 401k

Hello all, I have seen several threads on this in past years but want to see what you guys think for my situation: Emergency funds: 4 months Debt: None Tax Filing Status: Married, joint Tax Rate: 25% Federal, 0% State State of Residence: TX Age:26 Asset allocation: 90% stocks / 10% bonds Internation...
by BUBear29
Thu Apr 07, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Life Insurance
Replies: 4
Views: 520

Re: Buying Term Life Insurance

I've been thinking of purchasing a term life policy for myself and one for my wife. In light of that I met with my local Knights of Columbus salesman/representative and he put forth a 20 year term life policy for each of us. The estimated cost (because we're both in good health) would be about $20/...
by BUBear29
Thu Apr 07, 2016 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Make 401k contribution if no additional tax benefit?
Replies: 10
Views: 757

Re: Make 401k contribution if no additional tax benefit?

For 2015, I already contributed the maximum to my solo 401k for the employee portion. I also have the cash available to make another large contribution for the employer portion. However, making the employer contribution for 2015 will not result in any additional tax savings. My thinking is that I w...
by BUBear29
Thu Apr 07, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo HSA- transferring
Replies: 4
Views: 565

Re: Wells Fargo HSA- transferring

Has anyone been able to transfer an HSA to Well Fargo? My current HSA firm charges fees that Wells Fargo doesn't. When I look at their website, it says you need to have an eligible health insurance plan which I don't anymore (so I don't contribute anymore). I have almost $60k in the HSA though and ...
by BUBear29
Wed Apr 06, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

My main card now is the Bank of America cash rewards. Its base of gas:3, grocery:2, other:1 isn't that great, but when linked with Preferred Rewards there's a 75% increase in rewards. This quarter, Chase's 5% grocery is winning, but other than that it's BofA for me. Earl What about the AMEX Preferr...
by BUBear29
Wed Apr 06, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

No one has mentioned this crucial point. Chase Freedom and other Chase cards have many promotions which yield more than 1 point per dollar spent. So while its true that Chase ultimate reward points are frequently redeemed for approximately 2 cents each, you might be earning 2, 3, or even 5x points,...
by BUBear29
Wed Apr 06, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

Citi Double Cash is a better card. 2% cash back on everything. No annual fee. As far a simplicity, yes DC is better. However as far as return goes, use of freedom unlimited with the sapphire card (and freedom card) yields a higher return when transferring to certain partners. For example, I only tr...
by BUBear29
Wed Apr 06, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

Citi Double Cash is a better card. 2% cash back on everything. No annual fee. As far a simplicity, yes DC is better. However as far as return goes, use of freedom unlimited with the sapphire card (and freedom card) yields a higher return when transferring to certain partners. For example, I only tr...
by BUBear29
Wed Apr 06, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

Citi Double Cash is a better card. 2% cash back on everything. No annual fee. As far a simplicity, yes DC is better. However as far as return goes, use of freedom unlimited with the sapphire card (and freedom card) yields a higher return when transferring to certain partners. For example, I only tr...
by BUBear29
Wed Apr 06, 2016 7:17 am
Forum: Investing - Help with Personal Investments
Topic: How to invest HSA with Wells Fargo?
Replies: 8
Views: 1138

Re: How to invest HSA with Wells Fargo?

I have an HSA account with Wells Fargo and the account has more than $2000 now, so I am thinking about investing the money. Here are the available Wells Fargo funds https://www.wellsfargo.com/investing/hsa/funds-options/ I am wondering if anybody has any experience in investing HAS with Wells Fargo...
by BUBear29
Wed Apr 06, 2016 6:18 am
Forum: Investing - Help with Personal Investments
Topic: How to invest HSA with Wells Fargo?
Replies: 8
Views: 1138

Re: How to invest HSA with Wells Fargo?

I have an HSA account with Wells Fargo and the account has more than $2000 now, so I am thinking about investing the money. Here are the available Wells Fargo funds https://www.wellsfargo.com/investing/hsa/funds-options/ I am wondering if anybody has any experience in investing HAS with Wells Fargo...
by BUBear29
Tue Apr 05, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner advice for setting up 401k/IRA
Replies: 10
Views: 921

Re: Beginner advice for setting up 401k/IRA

Welcome! Congrats on jumping in the investing game. All the suggestions in this thread are great. Here's what I would propose for a first time / beginner investor: If company matches 401k: -Invest in 401k enough to get company match -Invest in Roth IRA to max (open at Vanguard, Schwab or low cost br...
by BUBear29
Mon Apr 04, 2016 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: In Case of Death Document
Replies: 18
Views: 3261

Re: In Case of Death Document

...so we have no will or revocable trust at this time This is the glaring omission in your plans. You need a will, regardless of how much you spell out your wishes. Gill I just created a will using NOLO. Very simple as my situtation is simple, but at least there is a list of "directions" now so my ...
by BUBear29
Sun Apr 03, 2016 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

Using even numbers- my expenses are 4K a month and all is able to be charged. 2% back= 80. I'll just leave it simply that $80 a month is not worth a 4K risk at 19.99%. If that 80 a month changed my financial landscape that significantly, I prob. have bigger problems. How is it a 4k risk if you pay ...
by BUBear29
Sun Apr 03, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: In Case of Death Document
Replies: 18
Views: 3261

Re: In Case of Death Document

...so we have no will or revocable trust at this time This is the glaring omission in your plans. You need a will, regardless of how much you spell out your wishes. Gill I just created a will using NOLO. Very simple as my situtation is simple, but at least there is a list of "directions" now so my ...
by BUBear29
Sun Apr 03, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: In Case of Death Document
Replies: 18
Views: 3261

Re: In Case of Death Document

Toons wrote:"What My Family Needs To Know"
8-)

http://www.state.gov/documents/organization/154946.pdf
Brilliant! Thank you sir!

I just found this Excel based document as well!
http://www.erikdewey.com/bigbook.htm
by BUBear29
Sun Apr 03, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: In Case of Death Document
Replies: 18
Views: 3261

Re: In Case of Death Document

Gill wrote:
BUBear29 wrote:...so we have no will or revocable trust at this time
This is the glaring omission in your plans. You need a will, regardless of how much you spell out your wishes.
Gill
Thanks. That is next on the "to do" list after this document which will help in creation of the will.
by BUBear29
Sun Apr 03, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: In Case of Death Document
Replies: 18
Views: 3261

In Case of Death Document

Good afternoon! I have recently been working on an In Case of Death Document (excel based) for my wife and family. I plan to incorporate this document into our Master Family Plan document which contains our family mission, goals, beliefs, budget, and savings philosophy. I am only 26 (wife is 27) wit...
by BUBear29
Sun Apr 03, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

I am new to this forum- But wouldn't it be more effective to not carry a CC whether a balance is carried or not? From past experience(mistakes) I believe the majority of people, not all, spend more when using a CC. To get money back, miles etc. it really isn't worth the risk. My opinion, and apolog...
by BUBear29
Sun Apr 03, 2016 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

We value the Chase ultimate rewards since we travel alot and hope to eventually trade out the Citi DC for the new Freedom Unlimited. Havent paid cash for a flight in a long time thanks to ultimate rewards (southwest has the best transfer ratio) If not for the $95 fee to keep a Sapphire preferred ca...
by BUBear29
Sat Apr 02, 2016 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding Question
Replies: 8
Views: 699

Re: Tax Withholding Question

I have a another question to go along with this. I am a 1/3 owner of a capital management LLC which holds investments to pay for upkeep of our ranch land. I am also a beneficiary of a trust. I get taxed on my portion of the LLC income and the trust dividends. Do you guys do a tax estimate for the ye...
by BUBear29
Sat Apr 02, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

Chase Double Cash is very simple - 1% on purchase, 1% on payment. 2% on everything, plain and simple. We have this now. The one that raises my interest in the future is the Amex Blue Cash Preferred. 6% grocery, 3% gas, 1% everything. Very much off-set the $75 annual fee. Amex Blue Cash Preferred is...
by BUBear29
Fri Apr 01, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13330

Re: Chase Freedom Unlimited card 1.5% back + bonus

[quote="dsmil"..........................h Chase's new 5/24 rule. which is ??????? Chase won't approve new apps for their own cards if you've had 5 new accounts with any issuer in prior 24 months. That's the rumor at least.[/quote] It's true. I got rejected for this very reason. Called and got it co...
by BUBear29
Fri Apr 01, 2016 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding Question
Replies: 8
Views: 699

Re: Tax Withholding Question

93k - you 12.5k - her 105.5 - total (after 401k, IRA, HSA?) -12.6 - standard deduction MFJ - 8.1 - two exemptions 84.8 - taxable income $0 - $18,550 -- 10% bracket $18,550 - $75,300 -- 15% bracket $75,300 - $84,800 -- 25% bracket Results in tax of $12,742 You are withholding too much, or I'm missin...
by BUBear29
Fri Apr 01, 2016 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding Question
Replies: 8
Views: 699

Re: Tax Withholding Question

93k - you 12.5k - her 105.5 - total (after 401k, IRA, HSA?) -12.6 - standard deduction MFJ - 8.1 - two exemptions 84.8 - taxable income $0 - $18,550 -- 10% bracket $18,550 - $75,300 -- 15% bracket $75,300 - $84,800 -- 25% bracket Results in tax of $12,742 You are withholding too much, or I'm missin...
by BUBear29
Fri Apr 01, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding Question
Replies: 8
Views: 699

Re: Tax Withholding Question

That's a huge amount of taxes for that income. Is your income really higher and you already removed the $18,000 401(k) contribution and other pre-tax thing? Or does that withholding also include FICA and medicare taxes? But you think you only need $5000 more in withholding over the next 9 months, s...
by BUBear29
Fri Apr 01, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Withholding Question
Replies: 8
Views: 699

Tax Withholding Question

Hello Bogleheads, I have a question concerning allowances on tax withholding. My wife and I moved to Texas late last year from Colorado and she no longer has a job. I re-calculated my withholding via the IRS calculator. I was previously withholding whatever my work withheld for Married plus an addit...
by BUBear29
Wed Mar 30, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Can't waive fees any longer at Bank of America
Replies: 29
Views: 2447

Re: Can't waive fees any longer at Bank of America

Anyhow, I am bringing this up to you Bogleheaders to see where can I park some cash (hopefully not more than what I have in the past which was up to $40, ideally less than $1 works for me) to have a relationship w/ a brick and mortar bank? What brick and mortars waive fees or have no fees for check...
by BUBear29
Thu Aug 20, 2015 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - HSA [Health Savings Account]
Replies: 18
Views: 1701

Re: Investment Advice - HSA [Health Savings Account]

I used to be with Health Savings Administrators, but I found the interface between the "bank" and the "investments" frustrating. So I am now with Wells Fargo using a Target Date 2050 fund. The ER is .72, but I'll pay that for the user friendly operation. So you're paying a transfer fee, a monthly f...
by BUBear29
Thu Aug 20, 2015 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - HSA [Health Savings Account]
Replies: 18
Views: 1701

Re: Investment Advice - HSA [Health Savings Account]

I used to be with Health Savings Administrators, but I found the interface between the "bank" and the "investments" frustrating. So I am now with Wells Fargo using a Target Date 2050 fund. The ER is .72, but I'll pay that for the user friendly operation. So you're paying a transfer fee, a monthly f...
by BUBear29
Thu Aug 20, 2015 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - HSA [Health Savings Account]
Replies: 18
Views: 1701

Re: Investment Advice - HSA [Health Savings Account]

HSA would be better than a TIRA/401(k) if fees and fund choices are both excellent... The HSA lowers your FICA taxes when done with payroll deduction. Your TIRA/401(k) does not lower FICA taxes withheld. And HSA fees and fund choices are always good. Like an IRA, you can hold your HSA with any prov...
by BUBear29
Wed Aug 19, 2015 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice - HSA [Health Savings Account]
Replies: 18
Views: 1701

Re: Investment Advice - HSA [Health Savings Account]

Excellent. Thanks to all for the responses! I assumed that would be the case, but in school they preached roth roth roth until we reached ultimate tax bracket then traditional. I was just viewing the HSA in retirement as a tax-deferred account and not fully considering the tax deduction I guess. Als...