Search found 411 matches

by blueman457
Wed Feb 28, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5684

Re: After Tax Savings Rate

willthrill81 wrote:
Wed Feb 28, 2018 12:53 am
Our post-tax savings rate is 59% and should go up in a couple of years to around 65%.
That's really impressive. I hope you're saving for early retirement or something fun.

Blue Man
by blueman457
Wed Feb 28, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 17282

Re: How much cash do you keep at any time on checking?

2 months of expenses. Everything else gets stashed in to the savings account.

Blue Man
by blueman457
Tue Feb 27, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5684

Re: After Tax Savings Rate

OP here. After playing around with numbers and reading the advice, I think 5-10% post-tax savings helps with the bumps in the road (or budget only 90% of your income). If I don't have to use it for life expenses, then it'll get invested... if I do have to use it, I still have good pre-tax savings. B...
by blueman457
Mon Feb 26, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5684

Re: After Tax Savings Rate

The charts are set up for 10% savings rates and average levels of income. The OP is already above 25% savings and "high tax rate" and likely in heavy tax territory with a very modest goal in time and expense. (mid 60's modest COL) I know from personal experience that the charts will be off by a fac...
by blueman457
Mon Feb 26, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5684

Re: After Tax Savings Rate

This has much more to do with your current and expected expenses as well as your anticipated retirement date(s), SS, pensions and your overall portfolio and goals. Certainly these questions and choices have no good rules of thumb and if I would forward a guess it would require a lot more detail to ...
by blueman457
Mon Feb 26, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: After Tax Savings Rate
Replies: 48
Views: 5684

After Tax Savings Rate

Q: What is a good/appropriate after-tax savings rate? Blue Woman and I are fortunate to be in a high tax bracket with opportunity to sock away 20% of income in pre-tax account, a generous match, and do a backdoor Roth/HSA annually, and have an appropriate emergency fund. The problem is if we buy a h...
by blueman457
Thu Feb 22, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay partners for working your call
Replies: 59
Views: 4535

Re: How to pay partners for working your call

In my previous job, we'd pay 50% of the pre-tax value in cash. It wasn't perfect, but it was good enough.

Blue Man
by blueman457
Mon Feb 19, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: What home related expenses do I need to think of?
Replies: 16
Views: 1193

Re: What home related expenses do I need to think of?

Thanks for all the responses. It is a new high rise building (not sure what technically what qualifies as high-rise), 18 levels, 300 units. It's the only high rise in the immediate area, everything else are apartments for a few blocks. There are shorter condos in the area, but not as convenient to p...
by blueman457
Mon Feb 19, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: What home related expenses do I need to think of?
Replies: 16
Views: 1193

Re: What home related expenses do I need to think of?

Thanks. Blue Woman is aware that we can't go on a spending spree after buying a place. We fortunately have pieces of furniture that we want to keep. The painful thing (as pointed out), are window treatments. Wow, I would never pay an assessment that high (I hated our $360 monthly assessment at the t...
by blueman457
Sun Feb 18, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: What home related expenses do I need to think of?
Replies: 16
Views: 1193

What home related expenses do I need to think of?

We came across a unit in a new construction building (under construction) and we are seriously considering buying it as a primary home. The question is: what expenses do I need to think about? We are new to the home buying arena. Unit is approx 2x total income, good pre-tax retirement saving so we s...
by blueman457
Fri Feb 16, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Should I get travel insurance?
Replies: 8
Views: 1274

Re: Should I get travel insurance?

Agree on the medical travel insurance. It's relatively inexpensive, and you most likely won't use it... but it's helps when you're in a foreign country and have no idea where to go or what to do.

Blue Man
by blueman457
Thu Feb 15, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1692

Re: Newbie: retirement vs. college savings vs. life insurance

Hi everyone! I'm a married 40 year old with 2 kids and looking for some help! Info below: Emergency funds: -1 month saved (expecting a lump sum that will take that to 3 months within the year). -My parents are a realistic safety net if an emergency arises. Debt : 29 years left on a 4% fixed mortgag...
by blueman457
Sun Feb 11, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Mesh wifi solution sought for new house
Replies: 46
Views: 3355

Re: Mesh wifi solution sought for new house

Net gear Orbi will let you use Ethernet as a backhaul. I tried it out for a month other using some Apple airports with no difference, but my place is waaaay smaller (1600sqft).

Blue man
by blueman457
Sun Feb 11, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Google account stolen and I can't recover
Replies: 13
Views: 1691

Re: Google account stolen and I can't recover

I would say lost cause. You didn’t use the account, and it’s not affecting your daily function. It sounds like you’re using long passwords and 2FA on your current accounts which is probably the best we can do right now.

Blue man
by blueman457
Sun Feb 04, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?
Replies: 15
Views: 2988

Re: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?

I had posted a similar question recently (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=238826&p=3735184#p3735184) The problem I've thought of is if I'm no longer competent, I'm not sure if my wife has easy access to the jointly held bonds. She could get my password for it (which would take a...
by blueman457
Sat Feb 03, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: A power bank for a MacBook Air?
Replies: 4
Views: 635

Re: A power bank for a MacBook Air?

Would replacing a the battery (from Apple) be a better long term solution? ($129)?

Blue Man
by blueman457
Fri Feb 02, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 7873

Re: Substitute for taking a shower?

+1 baby wipes
by blueman457
Thu Feb 01, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11783

Re: How risky is Med school student loan debt?

Medicine seems fairly low risk in the grand scheme of things. Once you have a job I feel like the prospect of losing your job is very low. Pay is high, stays high and you aren't forced out at 55. US med schools seem so competitive that if you have the ability to get in you should have the ability t...
by blueman457
Thu Feb 01, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11783

Re: How risky is Med school student loan debt?

While debt has its own special problems when you have too much relative to your income, this discussion is really a proxy for whether medical school is worth it economically. I remembered this from years ago, and put medical school costs and physician income in perspective. The assumptions aren't p...
by blueman457
Thu Feb 01, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11783

Re: How risky is Med school student loan debt?

While debt has its own special problems when you have too much relative to your income, this discussion is really a proxy for whether medical school is worth it economically. I remembered this from years ago, and put medical school costs and physician income in perspective. The assumptions aren't p...
by blueman457
Thu Feb 01, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 151
Views: 11783

Re: How risky is Med school student loan debt?

I have residents/fellows who have 300k-400k of debt because of undergraduate and medical school loans, which little family support or grants. And not all specialties are high paying so it's not necessarily easy to pay them off. It sounds a bit "first-world, upper class" snobbery to say that $150-200...
by blueman457
Thu Feb 01, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Become a rent-to-own landlord?
Replies: 10
Views: 1134

Re: Become a rent-to-own landlord?

A family member of mine had a home that was for sale in the down market (end price 700k-1m). They ended up putting it up for rent to own and a family who was moving into the state moved in. In the end it worked out: they had a real estate attorney put together all the paperwork with stipulations for...
by blueman457
Tue Jan 30, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 11361

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

Ugh. Glad it turned out okay (minus 5 figure attorney fees....)

Thanks for sharing.

Blue Man
by blueman457
Mon Jan 22, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Logistics of using I Bonds as Emergency Fund?
Replies: 5
Views: 1418

Re: Logistics of using I Bonds as Emergency Fund?

Can your wife log into TreasuryDirect using your login? Set up the proceeds to a joint account so she can have access. Also if this is a dual registered ibond, wouldn't she be able to see it in her own account also? She technically could use my login, and she has her own as well. They are a dual re...
by blueman457
Sun Jan 21, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of using I Bonds as Emergency Fund?
Replies: 5
Views: 1418

Logistics of using I Bonds as Emergency Fund?

Q: How does my wife redeem I Bonds in an emergency where I am disabled or dead? I have a significant majority of my emergency fund predominately in a CD ladder and some in I bonds (all are held jointly). We also have some cash in a plain savings account. I am in a high marginal tax bracket, so the d...
by blueman457
Sun Jan 21, 2018 1:11 am
Forum: Investing - Help with Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 31
Views: 2915

Re: Pull back on retirement saving to increase savings for kids' college?

Is your current retirement savings rate what you need to hit your retirement goals? If so, have you considered perhaps you and your child can not afford the private colleges you are considering? It's a red flag to sacrifice needed retirment savings for a very expensive private college education. Ag...
by blueman457
Mon Jan 15, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: Longer Work Hours: Tips for adjusting?
Replies: 10
Views: 1414

Re: Longer Work Hours: Tips for adjusting?

As a resident and fellow, 60-80hours a week were the norm for me and now down to 60 hours a week as an attending (although does vary). I hate reiterating a common phrase, but at some point time is your most valuable asset. I've started outsourcing various parts of my life so I can spend more time do...
by blueman457
Sun Jan 14, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Anyone Gone All the Way with LastPass?
Replies: 25
Views: 1990

Re: Anyone Gone All the Way with LastPass?

The encryption of LastPass is probably very secure; the last issue with them was that there were bugs in the browser extension that allowed for stealing of passwords: https://www.darknet.org.uk/2017/03/lastpass-chrome-extension-leaking-passwords/ I still use LastPass but keep banking and government ...
by blueman457
Sun Jan 14, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Rolling old Roth IRAs to 529s
Replies: 22
Views: 1095

Re: Rolling old Roth IRAs to 529s

Can you just use the Roth IRA for college tuition? If it happens you have enough to pay for college by other means then you haven’t overcomitted to your 529s.

Blue man
by blueman457
Sat Jan 13, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Storing Important Documents Online
Replies: 27
Views: 1876

Re: Storing Important Documents Online

I use an encrypted Mac .dmg file to store all my sensitive documents. That file is located on Dropbox. I feel comfortable enough that the .dmg file won’t get hacked. That's what I was originally considering for files with my passwords, tax returns, etc., and what you are doing is probably 99.9999% ...
by blueman457
Fri Jan 12, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Storing Important Documents Online
Replies: 27
Views: 1876

Re: Storing Important Documents Online

I use an encrypted Mac .dmg file to store all my sensitive documents. That file is located on Dropbox. I feel comfortable enough that the .dmg file won’t get hacked. For travel purposes, I do have paper copies of all critical documents. And I have a pdf of them stored on my 2FA email account. Blue man
by blueman457
Thu Jan 11, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have a government 457B?
Replies: 21
Views: 1333

Re: Do I have a government 457B?

It sounds like you've done a lot of your homework... if the CFO says it's a government plan, it probably is a gov't plan. But.... One quick check may be to see if it can be rolled over to an IRA when you leave the company. AFAIK, only government plans can do that. +1. I was going to suggest that as ...
by blueman457
Thu Jan 11, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have a government 457B?
Replies: 21
Views: 1333

Re: Do I have a government 457B?

I would check with HR and Fidelity and the plan itself. I lot of major state university partner with hospitals, but don’t OWN the hospital. Ex: I work for the medical school of state university which partners with the hospital. I have access to a govt 457 but my nurses who are employed by the hospit...
by blueman457
Thu Jan 11, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6392

Re: Poll: BHs who rent - what % of gross do you spend on rent?

Currently 5.5% - recently moved to a slightly lower cost of living, which higher paycheck.
Previously 12% - 20% (VHCOL, Manhattan)

Blue Man
by blueman457
Mon Jan 08, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 11122

Re: How much are you putting in a 529?

Putting about $10k/year (max state deduction) for my daughter. Not sure it’s even going to be enough to pay for books at this rate of rising college costs.
by blueman457
Thu Jan 04, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 5213

Re: Two vastly different career considerations...Stability vs. Income

Only 30 years old and already looking to settle down with a boring 70K per year job? You have to take risks somewhere to get something. There is a full working life ahead of you. You can always do this for 10 years and retire early, or else go back to job A. Now, this doesn't apply to investing as ...
by blueman457
Wed Jan 03, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financial checkup - just found out pregnant
Replies: 22
Views: 2320

Re: Financial checkup - just found out pregnant

Congratulations! And you're doing fine financially. You mention there is a lot of excess, which is completely fine when you're DINKS, but that fat does get skimmed when a kid comes into play. 1. Keep saving 2. Really buy as much used baby stuff as you can; you have no idea if your kid will like vari...
by blueman457
Thu Dec 28, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing out retirement accounts
Replies: 55
Views: 5038

Re: Maxing out retirement accounts

I think you’re fine. I’m in a similar boat, finally starting working a few years ago and while I do contribute the maximum to my pretax retirement accounts, it is harder to save on top of that for down payments because of student loans, car payments, etc.... Just gotta start somewhere keep saving yo...
by blueman457
Wed Dec 27, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Diamonds are forever.
Replies: 59
Views: 5820

Re: Diamonds are forever.

gasdoc, Your salary is fine, spend how much you/DW want. If getting nice jewelry makes you happy, then go for it. -start at blue nile to browse around to see how much diamonds cost, look at various settings; look at non-diamonds too. -visit your local jeweler (big box or small box) to see what they ...
by blueman457
Sun Dec 24, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Internet speeds
Replies: 37
Views: 3024

Re: Internet speeds

Also make sure you have a good router. If you get a lot of interference from other WiFi signals, it can make your internet seem slower than it really is, or have increased latency. A good modem is important too, although at the speeds discusssed above any quasi recent modem should be fine.
by blueman457
Sun Dec 03, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 6943

Re: It's that time of year again... buying christmas gifts

Not a fan of forced giving during Christmas. With my family, it took a while but we only exchange gifts when my immediate family is together. It's a secret santa style with a $75 or $100 cap and each person has to submit a wish list. We get gifts for our nieces and nephews as they aren't a part of t...
by blueman457
Sun Dec 03, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: About to take out Term Life Insurance - Questions for Bogleheads
Replies: 13
Views: 1707

Re: About to take out Term Life Insurance - Questions for Bogleheads

The rates seem a bit high. I used term4sale and got slightly lower rates. In terms of coverage, think about major expenses and what you want to provide for and what not. I did this exercise when my daughter was born; and it ended up fitting the rule of thumb of 10x income. We could probably gone dow...
by blueman457
Wed Nov 29, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Don't leave your mac unattended! It has zero security now.
Replies: 21
Views: 3502

Re: Don't leave your mac unattended! It has zero security now.

Patch issued.

https://support.apple.com/en-us/HT208315

It seems like the patch worked (at least on my macbook)
by blueman457
Tue Nov 14, 2017 6:56 am
Forum: Personal Consumer Issues
Topic: Did you want to set up a payment plan for that?
Replies: 19
Views: 2965

Re: Did you want to set up a payment plan for that?

I pay upfront for cellphones (despite the 0% financing) for the credit card warranty extension.

Blue man
by blueman457
Sat Nov 11, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 142
Views: 14806

Re: Do you meditate?

My wife and I recently attended a conference titled, "The Heart and Science of Yoga," done by Leonard Perlmutter and the American Meditation Institute. During the week, we were introduced to the practice and science behind meditation, easy and gentle yoga, healthy and mindful eating, etc. Couldn't ...
by blueman457
Sat Nov 11, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Swedish Death Cleaning [De-clutter your home]
Replies: 63
Views: 8231

Re: Swedish Death Cleaning [De-clutter your home]

When downsizing (for us it was moving to NYC) you realize what's important and what's not. We didn't regret getting rid of old things and now that we have a slightly larger apartment, we're actively fighting to accumulate unnecessary "stuff." Having a young child makes it harder because kids need to...
by blueman457
Wed Nov 01, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Opportunity Cost: pay off student loan 3% or save for down payment 4%+ mortgage
Replies: 9
Views: 1408

Re: Opportunity Cost: pay off student loan 3% or save for down payment 4%+ mortgage

Just an update:

I paid off my student loans!

Granted it may mean that we have less of a down payment next year (should we pursue a home), but at least one piece of my debt puzzle is solved.

Blue Man
by blueman457
Sun Oct 29, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Basic money management s/w for a mac-based millennial English major?
Replies: 21
Views: 1805

Re: Basic money management s/w for a mac-based millennial English major?

I use Bankitivity... a tad easier to use than Quicken.

Mint.com may be an alternative.
by blueman457
Fri Oct 27, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!
Replies: 5
Views: 484

Re: 401A, 403B, Roth IRA's, and Pofit Sharing...Oh My!

The 401a component does not affect the amount you can set aside in your 403b. You can contribute the full $18k to your 403b.

Blue Man