Search found 647 matches

by ks289
Sun Sep 20, 2015 8:31 am
Forum: Personal Consumer Issues
Topic: medical billing: crime or just mistakes?
Replies: 48
Views: 6300

Re: medical billing: crime or just mistakes?

Boy a lot of people are willing to accept mistakes here. Just because we have little chance of changing it doesn't make it right. Also doesn't make it right to tell someone they are ridiculous. I walk up to you on the street and say "give me $250". Thats how the OP seems to have felt. I g...
by ks289
Sun Sep 13, 2015 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being too stingy for a high-income household?
Replies: 223
Views: 25321

Re: Am I being too stingy for a high-income household?

Thank you all. In general, the feedback I get is that I'm being too stingy. However, I would like to hear more about the "happiness" element. I don't mind spending any amounts of money on things that truly make a person happy (e.g. we travel luxuriously). I'm more concerned about things t...
by ks289
Sat Sep 12, 2015 2:20 pm
Forum: Personal Consumer Issues
Topic: How much is reasonable to pay for medical tests
Replies: 30
Views: 2793

Re: How much is reasonable to pay for medical tests

It reads like there is room for a business that simply finds out and publishes costs of medical tests on a website for various local areas. Maybe amazon.com can branch into this area of commerce? You would think so, but there are too many unknowable and changing variables (which diagnosis codes are...
by ks289
Wed Sep 09, 2015 8:21 pm
Forum: Personal Consumer Issues
Topic: How much is reasonable to pay for medical tests
Replies: 30
Views: 2793

Re: How much is reasonable to pay for medical tests

I do not think you are approaching your situation with sufficient knowledge to make a proper decision, and therefore it is hard to say whether your decision is reasonable or not. Your physician probably has a better idea and can review it with you. Since your concern is solely financial, and since y...
by ks289
Tue Sep 08, 2015 6:09 pm
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 180
Views: 20226

Re: college related advice for 11th grader

MIT and it's peers provide students with far greater access to cutting-edge research work Do they? In my experience, being the top 1% at a state school gets you more access to professors and research opportunities than being "average" at MIT. I agree wholeheartedly about there being excel...
by ks289
Sun Sep 06, 2015 5:43 pm
Forum: Personal Consumer Issues
Topic: college related advice for 11th grader
Replies: 180
Views: 20226

Re: college related advice for 11th grader

I just wanted to thank all the posters for their great advice on this journey through college admissions and wanted to provide the courtesy of a final report. I would say that I probably could have earned a "minor" based on the amount that I learned in the process and it is funny to read ...
by ks289
Sat Sep 05, 2015 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 73094

Re: Question for the Bogleheads Millionaires

The question of whether to emphasize higher earnings or higher savings rate or both boils down to your personal circumstances, talents, and opportunities. Many people are/were not in a position to excel in school, and their employment choices may not include lucrative positions. Savings must be the ...
by ks289
Sat Sep 05, 2015 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Can I sue my former employer?
Replies: 38
Views: 5754

Re: Can I sue my former employer?

Sorry for your difficult situation. It sounds like thankfully you will be fine moving forward. I am not an employment attorney, but my practice often consults our employment attorney before terminating employees, and I would imagine that your company has this type of backup or well researched polici...
by ks289
Sat Sep 05, 2015 4:23 am
Forum: Personal Investments
Topic: How Am I doing ? (39 y/o, NW- 3.5 mil)
Replies: 34
Views: 6462

Re: How Am I doing ? (39 y/o, NW- 3.5 mil)

The retirement planning seems straightforward for you as others have posted. With early retirement at age 50 before the pension you should easily have enough in taxable accounts. I assume that the projected increase in expenses includes paying for healthcare which is a large added expense for early ...
by ks289
Sat Aug 29, 2015 7:08 am
Forum: Personal Investments
Topic: Dipping into the emergency fund for rebalancing purposes during market downturns?
Replies: 29
Views: 4266

Re: Dipping into the emergency fund for rebalancing purposes during market downturns?

One's bond/fixed_income asset allocation in one's portfolio should be more than enough to satisfy one's rebalancing requirements during market downturns. The emergency fund should be much smaller in value than what one could get from their bond funds, so why bother with the emergency fund? Just use...
by ks289
Sat Aug 22, 2015 6:13 am
Forum: Personal Consumer Issues
Topic: time for a new car?
Replies: 26
Views: 3195

Re: time for a new car?

I have a 2004 Honda Accord with about 195,000 miles. No major problems. 4 new tires this year. The Honda dealer is suggesting transmission oil change and coolant change, but other than that nothing major. The airbag recalls have been taken care of. I currently drive about 70 miles to work and back....
by ks289
Wed Aug 19, 2015 6:49 am
Forum: Personal Finance (Not Investing)
Topic: How to spend more and not feel bad about it
Replies: 56
Views: 7913

Re: How to spend more and not feel bad about it

Agree with all the discussions about budgeting and giving priority to your top picks for splurging. You may realize you can just go ahead and spend more money and feel perfectly comfortable doing so. On the other hand, you may decide to trim an unnecessary expense (or make extra income) to match you...
by ks289
Sun Aug 16, 2015 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Down Payment Gift
Replies: 5
Views: 1008

Re: Down Payment Gift

Awfully generous! As mentioned above, $56,000 for the downpayment is simple to do. The lender will want a gift letter to make sure that these funds are truly a gift and not a loan. Waiting until 2016 to receive another $56,000 (for furnishings, etc) is also simple to do. This may be the easiest path...
by ks289
Sat Aug 15, 2015 2:56 am
Forum: Personal Investments
Topic: College savings
Replies: 40
Views: 3904

Re: College savings

Yes college continues to be very expensive and unaffordable without merit or need based aid for most. Even state schools could cost over $150,000 for four years in a decade. I am not holding my breath waiting for or predicting a DECLINE in prices because the demand (and competition) seems to be quit...
by ks289
Thu Aug 13, 2015 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is 401K Match included when someone asks you how much you make per year?
Replies: 47
Views: 5833

Re: Is 401K Match included when someone asks you how much you make per year?

To continue on this 401k match thing. Lets say your employer with match 5 percent if you put in 5 percent. $18,000 / .05 is $360,000. So, once you start making more than $360,000, you cannot contribute the 5% of your salary so does the employer then get to contribute less? I suppose this is probabl...
by ks289
Thu Aug 13, 2015 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: figuring out employer match
Replies: 19
Views: 1573

Re: figuring out employer match

Another thing to look for in the plan rules: matching X% up to a maximum salary cap. They do this in my plan. My megocorp will match 5% of my salary up to $235,000 income. So the most match I can get is $11,750. Guess I can't complain as that is $11,750 of "free" money, right? IRS max for...
by ks289
Thu Aug 13, 2015 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why do certain employers make you wait a year to contribute to 401k?
Replies: 45
Views: 14593

Re: Why do certain employers make you wait a year to contribute to 401k?

Reasons 1. It is allowable by law. 2. It saves employers time and money for the reasons mentioned by other posters. 3. Not that many people complain (at least that I am aware of) 4. It is pretty common (27% of employers do this) 5. Some people can work around it (my spouse and I both fully maxed out...
by ks289
Tue Aug 11, 2015 9:32 am
Forum: Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 5153

Re: Coworkers Ignorant to Retirement Savings and Investing

I do say one of the BIGGEST problems this lack of knowledge still occurs is actually because of us. When you have one of us retire early OR be known as being financially secure and when asked the answers we give is a modest "oh I was just lucky" or something to that extent. If we were hon...
by ks289
Tue Aug 11, 2015 4:45 am
Forum: Personal Investments
Topic: Coworkers Ignorant to Retirement Savings and Investing
Replies: 41
Views: 5153

Re: Coworkers Ignorant to Retirement Savings and Investing

It may SEEM like a good idea to share knowledge and guide colleagues in their personal finances and retirement planning, but when a bear market hits you'd better watch out. Many people approach money irrationally and only are satisfied with optimal outcomes. Even if it is sound generic advice, this ...
by ks289
Sun Aug 02, 2015 5:29 am
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 201
Views: 22608

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

I do not call BS on either end, since our family has transitioned from one extreme to the other over time. Many of the factors above (geography, etc) but mostly just a result of change in diet. Shifting away from carbs can jack up costs because getting more calories from cereal/bread/rice/pasta tend...
by ks289
Sat Aug 01, 2015 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching
Replies: 96
Views: 11847

Re: Careers: MD, Non-MD, MBA, Engineering, Law, Teaching

Yes, it's called reality. Otherwise, here are a few of the choices I would have gone all-in on in my early adult life: NBA Basketball Player Hollywood A-List Superstar Internet Startup Billionaire Video Game Mogul None of these are remotely close to reality or reflect what my excellent realistic cu...
by ks289
Sun Jul 26, 2015 7:10 am
Forum: Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 4261

Re: Golden handcuffs - help with vested retirement plan

+1 backdoor roth and/or taxable account for now. Hopefully you will end up staying and be able to get those employer contributions. When comparing compensation between job offers it can be apples and oranges, but that vesting schedule is a strong incentive for you to stay. Employers love these vesti...
by ks289
Sat Jul 25, 2015 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying mortgage down to $1M - am I thinking about this correctly?
Replies: 26
Views: 6170

Re: Paying mortgage down to $1M - am I thinking about this correctly?

My understanding and reading of IRS guidelines is that interest on home equity debt ($100,000) is treated separately from home acquisition debt (limit $1,000,000), and home equity debt specifically excludes debt used to purchase the home. http://www.irs.gov/publications/p936/ar02.html#en_US_2014_pu...
by ks289
Sat Jul 25, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Paying mortgage down to $1M - am I thinking about this correctly?
Replies: 26
Views: 6170

Re: Paying mortgage down to $1M - am I thinking about this correctly?

Do you think tax cut/hr block software knows this and applies this?! I don't think so! I'll have to check old returns.
by ks289
Sat Jul 25, 2015 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying mortgage down to $1M - am I thinking about this correctly?
Replies: 26
Views: 6170

Re: Paying mortgage down to $1M - am I thinking about this correctly?

My understanding and reading of IRS guidelines is that interest on home equity debt ($100,000) is treated separately from home acquisition debt (limit $1,000,000), and home equity debt specifically excludes debt used to purchase the home. http://www.irs.gov/publications/p936/ar02.html#en_US_2014_pub...
by ks289
Sun Jul 19, 2015 1:55 pm
Forum: Personal Consumer Issues
Topic: How do I fix a hole in this wooden door?
Replies: 42
Views: 8174

Re: How do I fix a hole in this wooden door?

Buy a new door. Those things are cheap and fairly easy to do yourself.
by ks289
Sat Jul 11, 2015 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: An email to my employer I almost sent, but then deleted
Replies: 26
Views: 5080

Re: An email to my employer I almost sent, but then deleted

I respect your intentions and agree with your position, and I agree with your decision not to send the email. You have little to gain from going on the attack here. As long as there are good low cost options, I care very little about including less optimal choices. The reality is that advisors and f...
by ks289
Sat Jul 11, 2015 12:47 pm
Forum: Investing - Theory, News & General
Topic: Why do we care about price movements? Aren't earnings all that matter?
Replies: 44
Views: 5289

Re: Why do we care about price movements? Aren't earnings all that matter?

First you are ignoring inflation and taxes. Second getting to 100x means working much longer than you need to. Earnings outpace inflation. Real earnings tend to grow with the economic growth rate. And taxes apply to any strategy so I'm not sure what the point is. I aim for 100x because I like worki...
by ks289
Sat Jul 04, 2015 5:59 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 142
Views: 28809

Re: What age did you become debt free and what opportunities did it create?

Being debt free allows one to do with their time what they wish. :happy Perhaps, but it's really total cash flow that matters. I had a modest HELOC balance (re-fied mortgage) going into retirement two years ago. I could mostly pay it off now, but then I wouldn't have my new vehicle fund anymore. :(...
by ks289
Sun Jun 21, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth aspiring to get more?
Replies: 131
Views: 32484

Re: Is it worth aspiring to get more?

TimeLord wrote: Dying before I can retire really isn't a big deal for me because along the way I have been able to do a lot of wonderful things in my life. If that's what you believe - OK. Here's a link to an interesting study: http://faculty.kfupm.edu.sa/COE/gutub/English_Misc/Retire1.htm Consider...
by ks289
Tue Jun 16, 2015 5:39 am
Forum: Investing - Theory, News & General
Topic: Why High Equity Allocation in Retirement
Replies: 86
Views: 17364

Re: Why High Equity Allocation in Retirement

since Im a rookie on this board, what do you say to the newly retired on when to begin to start allocating retirement cash back into this nervous market. Im not a timer, but I took my gains and ran in March. And Im not real anxious to begin my stock allocation back into the market at this time. But...
by ks289
Sun Jun 14, 2015 6:36 am
Forum: Personal Investments
Topic: Critique my 529 thinking
Replies: 10
Views: 2076

Re: Critique my 529 thinking

The penalty is 10% on earnings.
by ks289
Fri Jun 12, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 18798

Re: Dispute/Don't Pay Medical Bill

I think the bill is reasonable, given the time to clean the equipment, etc. and the cost of the equipment. So you would be ok if your mechanic billed you at his full rate for the time it took him to set up and prepare his tools for the job and then to clean his tools and equipment after the work wa...
by ks289
Fri Jun 12, 2015 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 18798

Re: Dispute/Don't Pay Medical Bill

And that is how you arrive at non-ridiculous face charges of $600 or $770 for procedures which take 2-3 minutes. I understand everything that you said, but I respectfully disagree that charging $600 or $770 for a procedure that takes 2-3 minutes is non-ridiculous. I agree somewhat, but you would be...
by ks289
Fri Jun 12, 2015 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Dispute/Don't Pay Medical Bill
Replies: 45
Views: 18798

Re: Dispute/Don't Pay Medical Bill

Furthermore, many questions were unanswered in the OP and without those answers we really can't say whether the charges were excessive or not. It's helpful to know how medical billing works: deductibles, coinsurance, in-network vs out-of-network vs preferred providers, all that stuff matters. On it...
by ks289
Thu Jun 11, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 7959

Re: Inheritance and Economic Outpatient Care for a Boglehead

Answers may vary greatly over time as net worth is built up and parents age or pass away.
15 years ago: undefined/cannot divide by 0
8 years ago: 50%
now: 15%
by ks289
Tue Jun 09, 2015 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: When can an early FI person drop disability insurance?
Replies: 11
Views: 2032

Re: When can an early FI person drop disability insurance?

I believe your reasoning is accurate, but firecalc or some other calculator would allow you to confirm your estimates for savings targets at different ages. In essence, you are stating that you need DI only until you can afford to not work anymore. I think that makes perfect sense. You may choose to...
by ks289
Sat Jun 06, 2015 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 17347

Re: Frugal Millionaires Article...Sounds Like Bogleheads

While the article appropriately highlights living below your means as a core principle for attaining millionaire status, it does seem to be a little purposely vague on numbers and exactly who these people are socioeconomially. To me, these people (executive, researcher, lawyer) sound like profession...
by ks289
Fri Jun 05, 2015 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much income do I really need?
Replies: 22
Views: 7962

Re: How much income do I really need?

I like your plan and echo many of the other posters. You never know what the future holds for you, your wife, your families, and professions so working and saving hard now is very prudent. It also happens to be easier to balance work and fun when you do not have kids and are young. Burnout from resi...
by ks289
Fri Jun 05, 2015 4:22 am
Forum: Personal Finance (Not Investing)
Topic: One million dollar home
Replies: 37
Views: 11872

Re: One million dollar home

Go with C. It does not sound like you are being extravagant when the alternatives may cost about the same with less satisfaction or more work. If you have saved up $1.7M in your 30s then you have demonstrated the ability to earn and save already (assuming it wasn't the lottery :D ). Still try to bui...
by ks289
Wed Jun 03, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Going to Disney during "Jersey" Week
Replies: 6
Views: 1673

Re: Going to Disney during "Jersey" Week

This is one of the best times to visit from both crowds and weather standpoint. I once thought this was true with respect to crowds, but Disney isn't stupid. With everything from buying tickets, to rides to getting food, they have the option of opening more or fewer lines depending on the crowds. I...
by ks289
Wed Jun 03, 2015 8:30 am
Forum: Personal Consumer Issues
Topic: Going to Disney during "Jersey" Week
Replies: 6
Views: 1673

Re: Going to Disney during "Jersey" Week

This is one of the best times to visit from both crowds and weather standpoint.
by ks289
Wed Jun 03, 2015 6:16 am
Forum: Personal Investments
Topic: Young doc- students loans vs starting Roth IRA?
Replies: 20
Views: 4444

Re: Young doc- students loans vs starting Roth IRA?

Good luck in your future career! Without doing even back of the envelope calculations, my impression is that paying $100/month (forbearance/economic hardship) is not advantageous if you can pay the full loan repayment installment since that $100/month will not cover all of the interest that accrues ...
by ks289
Wed Jun 03, 2015 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 24863

Re: Transfer of wealth to kids

1. Contribute to 529 if you anticipate kids going to college. Even though it is restricted, there may be state tax deduction, and there will be tax free growth. There is enough flexibility to make it worthwhile in my opinion (change beneficiary, etc). Without more info, it is hard to know if this wo...
by ks289
Mon Jun 01, 2015 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 55385

Re: Your opinion on realistic income to live in a $1 million home?

Strongly disagree. It is quite possible to live well below your means and live in a million+ dollar home. For some people it is important and also enjoyable to have more space for comfort/entertaining/hosting, a superior school system, better privacy/safety, and other potential benefits. If you do ...
by ks289
Mon Jun 01, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 55385

Re: Your opinion on realistic income to live in a $1 million home?

Coming on here to ask bogleheads about buying million dollar houses falls in the same camp as buying whole life insurance, investing in individual stocks and market timing. I am sure that there are forums out there that are more typical of indebted low networth America which would root you on. Some...
by ks289
Mon Jun 01, 2015 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 55385

Re: Your opinion on realistic income to live in a $1 million home?

Great job saving and earning. I think your goal is very realistic (even conservative!) with an income of $300K per year if this income is stable/preserved after having 2 kids and delaying the purchase 20 years into the future when you have accumulated more wealth. Having a net worth of +$150,000 at ...
by ks289
Mon May 25, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Splurge Question on East Coast??? Pool or Beach Summer House or Both
Replies: 12
Views: 2194

Re: Splurge Question on East Coast??? Pool or Beach Summer House or Both

For true 7 month use, a pool sounds more useful and convenient, particularly with the beach an easy day trip or rental away.
If near retirement, I would consider the beach house if used as a vacation/pre-retirement home for a short time and then moving shortly after.
by ks289
Wed May 20, 2015 6:33 am
Forum: Personal Consumer Issues
Topic: Aren't we overdoing electronic auto safety features?
Replies: 267
Views: 52644

Re: Aren't we overdoing electronic auto safety features?

To be clear, that statement says: " difference between the speed of your car and the car you might hit" This means if you're going 70mph and someone cuts in front of you at 55mph, there's a difference of 15mph, so that's well within what the system can handle. The latest EyeSight "3r...
by ks289
Mon May 18, 2015 3:38 am
Forum: Personal Consumer Issues
Topic: Retirement and Proximity to "Teaching Hospitals"
Replies: 44
Views: 6779

Re: Retirement and Proximity to "Teaching Hospitals"

In retirement I feel it is important to have access to a tertiary care hospital (many but not all teaching hospitals would qualify) for complicated medical issues if they should arise. Living within a short commute may suffice since many tertiary care hospitals are urban and not in the most desirabl...