Search found 156 matches

by dcw213
Sat Feb 24, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: The CFA Designation
Replies: 32
Views: 4842

Re: The CFA Designation

There are two pathways to go: 1) You can contact CFAI (800-247-8132 or info@cfainstitute.org ) and see if they will verify the claim. 2) Ask the employee to provide a copy of the confirming email congratulating him on passing Level III. If the individual is making any type of false representation r...
by dcw213
Sat Feb 24, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: The CFA Designation
Replies: 32
Views: 4842

Re: The CFA Designation

I think it depends on what you want to pursue professionally. It will certainly help get your foot in the door for a variety of opportunities. Apologies for a question that may be perceived as hijacking this thread, but I have a question for those familiar with the CFA Institute and process of earni...
by dcw213
Thu Feb 22, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: New HSA and Impact on FSA Balance
Replies: 5
Views: 387

Re: New HSA and Impact on FSA Balance

Thanks all for the responses, they helped to frame my research and questions. Turns out the balance was rolled over into an HSA compatible FSA (vision and dental only) so cannot use for standard health HSA purchases anymore but should be good from HSA perspective. Thank you again.
by dcw213
Wed Feb 21, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: New HSA and Impact on FSA Balance
Replies: 5
Views: 387

New HSA and Impact on FSA Balance

Hello all. After considering it for the past two years I finally decided to switch to a HDHP with HSA this year. I had previously used an FSA and rolled over $500 remaining balance this year. I figured I would be able to use this remaining balance, but when attempting to use my card it was declined....
by dcw213
Wed Feb 14, 2018 12:43 pm
Forum: Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 15394

Re: Did you learn anything from the market correction?

It was reinforced to me how silly the financial media reactions and attempt to explain drivers are. After a historical run up that everyone thought was over blown (a melt-up as the press called it) it seemed to be broad consensus that a correction would make sense. Then the day it happened people ac...
by dcw213
Sun Jan 28, 2018 5:27 pm
Forum: Personal Investments
Topic: Documentation for Tax Advantaged Accounts
Replies: 4
Views: 520

Re: Documentation for Tax Advantaged Accounts

Thank you for the thoughts/feedback.
by dcw213
Sun Jan 28, 2018 2:16 pm
Forum: Personal Investments
Topic: Documentation for Tax Advantaged Accounts
Replies: 4
Views: 520

Documentation for Tax Advantaged Accounts

Hello all, I have a question concerning documentation requirements for tax advantaged accounts, specifically Roth IRAs. Is it necessary to save documentation showing all contributions, transfers/rollovers, etc over the course of one's life? I personally have some spotty years from my youth where I d...
by dcw213
Sun Jan 28, 2018 2:00 pm
Forum: Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 6931

Re: Does anyone not rebalance?

I have personally never had to sell assets to rebalance, but I do partially redirect new funds to the asset class that is lagging its target. Lately that has meant easing up (but not halting) new contributions to equities. Emotionally I never like to neglect adding to a particular asset class with n...
by dcw213
Mon Jan 22, 2018 7:46 pm
Forum: Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 7360

Re: Am I being greedy?

OP, I can't recall the specific timing but I remember several threads you created during relatively minor pullbacks in the market over the last 5 years where you seemed to be extremely anxious during the declines and came off as if the paper losses were taking a big toll on you. Perhaps this was whe...
by dcw213
Sat Jan 13, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Renting in NYC for a new college grad. Best practices?
Replies: 24
Views: 2687

Re: Renting in NYC for a new college grad. Best practices?

I grew up in the NYC metro area. I have long since moved away but most of my friends and family live in or just outside of NYC. It is a great city with lots of perks but housing can be stressful and a challenge. I would suggest really thinking hard about your preferences around location. I personall...
by dcw213
Sat Mar 11, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: The Big Short, FannyMae and VBMFX
Replies: 5
Views: 792

Re: The Big Short, FannyMae and VBMFX

You are missing the fact that currently, Fannie Mae and Freddie Mac are backed by the faith and credit of the US government. Prior to both entities failing in 2008, there existed what is commonly referred to as an implicit guarantee on the debt and mbs issued by the entities. While fnm and fre guara...
by dcw213
Sat Jan 23, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help with landlord (neighbor smokes)
Replies: 19
Views: 2454

Re: Help with landlord (neighbor smokes)

I am sorry to hear of your troubles - I recently went through this same situation and fully understand how stressful and maddening it can be. In my situation I was experiencing health issues related to the exposure that were confirmed by a doctor (I am particularly sensitive given past issues with l...
by dcw213
Tue Jan 19, 2016 9:24 am
Forum: Personal Investments
Topic: TLH Clarification
Replies: 4
Views: 521

Re: TLH Clarification

Thank you livesoft, your posts are indeed the ones I was referring to! If this is the case, I must admit I am confused by the "30 days prior" rule. Why would this not be a violation of that aspect?
by dcw213
Mon Jan 18, 2016 9:05 pm
Forum: Personal Investments
Topic: TLH Clarification
Replies: 4
Views: 521

TLH Clarification

Hello, 2015 was the first year I had the opportunity to TLH so the concept is still a bit new to me. I have found this forum extremely helpful in discussing the topic, but I was hoping to sanity check my understanding and current approach in case I am missing something. In August 2015, I TLH'd out o...
by dcw213
Mon Jan 18, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Inherited Savings Bonds
Replies: 9
Views: 2320

Re: Help with Inherited Savings Bonds

Thank you very much to everyone for the replies, the suggestions and answers have been very helpful. I agree with the thought that the lawyer they are working with should be the one advising/answering all of these questions, but I had a follow up discussion today and got a bit more clarity. The lawy...
by dcw213
Mon Jan 18, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Inherited Savings Bonds
Replies: 9
Views: 2320

Help with Inherited Savings Bonds

Hello, A family member recently reached out to me with some questions about a somewhat tricky inheritance situation. I am not well versed at all in inheritance taxes, asset transfers, or estate planning in general so I wanted to see if anyone in here had some general advice that would help me offer ...
by dcw213
Sun Mar 29, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: State Tax Prep Questions - Multi-State/Staggered Move
Replies: 1
Views: 376

State Tax Prep Questions - Multi-State/Staggered Move

Hello all. I was hoping somebody would be able to answer a few questions and offer general advice about a complicated state tax question that I am facing this year. I have already filed my Federal return (Married Filing Jointly), but the state situation is more complicated than I have faced and seem...
by dcw213
Mon Jan 26, 2015 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help - Small Medical Bill Went to Collections
Replies: 9
Views: 1534

Re: Help - Small Medical Bill Went to Collections

Thank you for the reply and helpful information from your experience. I should clarify that the person I spoke with did cite the doctor and date of service, hence my conclusion that it was the hospital. When I called the hospital, they confirmed that the same amount was outstanding and had been sent...
by dcw213
Mon Jan 26, 2015 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help - Small Medical Bill Went to Collections
Replies: 9
Views: 1534

Re: Help - Small Medical Bill Went to Collections

A brief update - upon actually checking my credit card history online, it appears that the pending charge does indeed state that the payment is being made to the hospital. Can I assume that this may mean that the person I spoke with was not a "true" collections agency but perhaps a sub-division of t...
by dcw213
Mon Jan 26, 2015 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help - Small Medical Bill Went to Collections
Replies: 9
Views: 1534

Help - Small Medical Bill Went to Collections

Hello all - I am looking for some insight regarding an unfortunate situation that happened. Last October I had some significant medical issues that resulted in a few days in the hospital and a surgery. Since then I have received no less than 5 bills from providers and the hospital, all which I have ...
by dcw213
Mon Nov 10, 2014 11:21 pm
Forum: Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 6822

Re: Retiring Parents Set in Risky Ways

What is their current stock/bond split? Do they have pensions? Social Security? If stock in a single company is 80% of their total retirement portfolio, then there are two causes for concern: - They have too much in equities and too little in bonds - They have too much allocated to a single company...
by dcw213
Mon Nov 10, 2014 10:18 pm
Forum: Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 6822

Re: Retiring Parents Set in Risky Ways

Thank you for your responses. Additional clarification on a few items: I should probably clarify that we probably discuss this once per year, if that. It is something that comes up from time to time and we express our views. I absolutely do not tell them what to do, but express my view that it is ri...
by dcw213
Mon Nov 10, 2014 5:54 pm
Forum: Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 6822

Retiring Parents Set in Risky Ways

Hi all, This has been an ongoing topic for debate with my parents for years. It has always concerned me but lately it had been causing me to worry more on their behalf. I was curious to hear if any of you would side with my parents' way of thinking, and if not (which I am guessing most won't) if the...
by dcw213
Thu Jul 31, 2014 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 10952

Re: Landlording for long-term wealth? Who's doing it?

I've been thinking about this as well. A friend is going through an issue that does not sound pleasant. Apparently one of their buildings has a tenant that chain smokes indoors despite terms in the lease indicating it is not allowed. Upstairs neighbor constantly complains and is threatening to pursu...
by dcw213
Sat Jul 26, 2014 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 64
Views: 11667

Re: Reaching Severe Burnout - Can I Scale Back Career?

Thank you all again, hearing about those in similar positions in the past and the approaches taken has been tremendously helpful and encouraging. The posts about scaling back at current job before outright leaving are interesting and something I have thought of many times. It is somewhat in my perso...
by dcw213
Wed Jul 23, 2014 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 64
Views: 11667

Re: Reaching Severe Burnout - Can I Scale Back Career?

I know I'm piling on at this point but still feel the need to say please take all necessary steps to improve your happiness . The amount of savings you have at your age is probably in the top 5%. You have a great foundation in place. You won't regret it because once you reduce your stress level, yo...
by dcw213
Wed Jul 23, 2014 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 64
Views: 11667

Re: Reaching Severe Burnout - Can I Scale Back Career?

Thank you all for the sincere responses and encouragement. Yes the plan is to attempt to start a family next year, something I am very much looking forward to. To answer another question, I am invested very much boglehead style albeit probably slightly conservative (60/40). Should also be noted that...
by dcw213
Wed Jul 23, 2014 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 64
Views: 11667

Reaching Severe Burnout - Can I Scale Back Career?

I am in a tough place career wise and have been having a harder time than I thought I ever would balancing my career, personal/family life, and financial situation. I am still young (30) but have been putting in brutal hours for the past 4 years or so with no end sight and I'm afraid I'm nearing a b...
by dcw213
Sun May 04, 2014 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Car Advice
Replies: 32
Views: 3932

Re: Car Advice

I am inclined to agree. Any suggestions on the best way to buy used? Dealership? For sale by owner? Definitely overwhelmed by all the options and really unsure of how to cover myself.
by dcw213
Sun May 04, 2014 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Car Advice
Replies: 32
Views: 3932

Car Advice

Hello all - After over a decade of living car free and loving every minute of it, my wife and I have finally found ourselves in the position where we will likely have to acquire one for commuting purposes. A bit of background: We just moved to a new city in a completely new area of the country last ...
by dcw213
Sun Mar 02, 2014 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Re: Concerns re: Relocating to Illinois (Chicago)

If you would not buy a house in a state why would you move there or take a job there? I am very confused... The primary reason for the relocation is family related (nearly all family is in this area). An added plus, the job opportunity on the table is good, making it in our minds the right time to ...
by dcw213
Sun Mar 02, 2014 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Re: Concerns re: Relocating to Illinois (Chicago)

Since posting, I came across this article from about a year ago that does a pretty good job at reflecting some of the potential ramifications that I fear, and actually goes as far as to recommend avoiding buying a home in the so-called "death spiral" states with pending budget/fiscal issues. http://...
by dcw213
Sat Mar 01, 2014 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Re: Concerns re: Relocating to Illinois (Chicago)

Thank you all for such thoughtful responses and for the discussion. To clarify on one recurring comments, our plan is definitely to rent for at least a year prior to buying to make sure that the jobs seem like long term fits and that we like the area and commute. The issue is that after that, I woul...
by dcw213
Thu Feb 27, 2014 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Re: Concerns re: Relocating to Illinois (Chicago)

Thanks for the thoughtful responses. I definitely agree that any sort of major blowup would likely not be isolated to a state or region and that impacts would likely be felt globally. That is a big reason of why I posed the question, as I am unsure if there would/could be isolated regional impacts f...
by dcw213
Thu Feb 27, 2014 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Re: Concerns re: Relocating to Illinois (Chicago)

I could not imagine changing the decision on whether or not to buy a house substantially due to the fiscal state of the state in which I was living. Perhaps that is naive of me. What exactly are you expecting for consequences that substantially shape the decision about buying real estate there? Exc...
by dcw213
Thu Feb 27, 2014 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 4261

Concerns re: Relocating to Illinois (Chicago)

Hi all, I was hoping that some more knowledgeable than I on potential fallout of state level fiscal crises can weigh in. My wife and I will likely be relocating to the Chicago area in a few months for family reasons and to pursue job opportunities that have come up. I am aware of the troubles that t...
by dcw213
Sun Jan 19, 2014 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1168

Re: Seeking Advice - Job Change, Move, House, Kids

1. Difficult to make a decision about a job where you haven't even interviewed; if it is a really good opportunity, I might take it. If your goal is to get to the midwest, this might be a great opportunity. Get all the information, then make a decision. 2. Kids do more than decrease your savings ra...
by dcw213
Sun Jan 19, 2014 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1168

Re: Seeking Advice - Job Change, Move, House, Kids

My impression is that the savings are too important to you, and that you have more desire to save than to have biological children. Consider non-biological children: they come with some expenses paid, and fewer years of high maintenance required. No need for grandparents close by. That might be the...
by dcw213
Sun Jan 19, 2014 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1168

Re: Seeking Advice - Job Change, Move, House, Kids

I can also say that, depending on your line of work, it can be difficult to find the "perfect" job for two people moving to the same city at the same time. Are you freaking out too much about the expense side of it? Yes. Can you execute a long-distance move with an infant? Yes. Is it more painful t...
by dcw213
Sun Jan 19, 2014 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1168

Re: Seeking Advice - Job Change, Move, House, Kids

livesoft wrote:If I were you, I'd ask my spouse what she thinks about all this first. :)
Haha touche! We have been discussing it quite a bit. Basically, both of us want to be there but are feeling hesitant to pull the trigger and want to delay as long as we can. It's safe to say that we are both wavering a bit.
by dcw213
Sun Jan 19, 2014 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice - Job Change, Move, House, Kids
Replies: 19
Views: 1168

Seeking Advice - Job Change, Move, House, Kids

Another thread with substantial discussion about factors impacting ability to grow net worth led me to post this seeking some advice from some more experienced folks on my situation. In short, I have many substantial life changes on the horizon in the next 1-2 years, and I am growing increasingly co...
by dcw213
Sat Jul 06, 2013 5:47 pm
Forum: Personal Investments
Topic: Question about Federal Pension (FERS)
Replies: 5
Views: 1106

Re: Question about Federal Pension (FERS)

Thank you all, very helpful insight. Much appreciated.
by dcw213
Sat Jul 06, 2013 11:23 am
Forum: Personal Investments
Topic: Question about Federal Pension (FERS)
Replies: 5
Views: 1106

Re: Question about Federal Pension (FERS)

Thank you. I had been there previously, but I believe I missed the section on COLA. Pretty much answers all my questions, I guess the remaining issue is whether to wait 30 years for the $8K annual pension (taking on credit, program survival, and inflation risk) or to take the cash paid into the syst...
by dcw213
Sat Jul 06, 2013 10:46 am
Forum: Personal Investments
Topic: Question about Federal Pension (FERS)
Replies: 5
Views: 1106

Question about Federal Pension (FERS)

Good morning, I had a quick question regarding federal pensions that I can't seem to figure out from the available literature. My wife has been a federal employee for several years and based on reading some materials related to Federal Employees Retirement System (FERS), I have a general sense that ...
by dcw213
Fri May 17, 2013 9:34 am
Forum: Personal Investments
Topic: Just Funded First Taxable Account - Right Move?
Replies: 5
Views: 651

Re: Just Funded First Taxable Account - Right Move?

Yes, you are correct, the money that I have used to fund the taxable is on top of the EF, down payment. I think you are correct in that I need an AA for this money. For some reason, I am fine with taking a 75/25 in my retirement accounts at this point (30 years of) but the unknown of this taxable mo...
by dcw213
Fri May 17, 2013 9:18 am
Forum: Personal Investments
Topic: Just Funded First Taxable Account - Right Move?
Replies: 5
Views: 651

Just Funded First Taxable Account - Right Move?

Just might be a sign for everyone to sell! :wink: I just wanted to bounce this decision off this community to see if you all think this is the right approach given my situation, risk tolerance. I am approaching 30, fairly newly married. My wife and I have been saving aggressively for the past 7-8 ye...
by dcw213
Fri Mar 22, 2013 11:33 am
Forum: Personal Investments
Topic: Seeking opinions regarding surplus cash
Replies: 4
Views: 520

Re: Seeking opinions regarding surplus cash

Thanks NY, I had never considered munis before, something I will look into for sure.
by dcw213
Fri Mar 22, 2013 9:04 am
Forum: Personal Investments
Topic: Seeking opinions regarding surplus cash
Replies: 4
Views: 520

Seeking opinions regarding surplus cash

After fairly extreme frugal living and a close focus on saving, my (new) wife and I are feeling in a pretty good place, but for the first time since I formulated my plan years ago, I find myself questioning my approach a bit. At a high level, our assets consist of retirement accounts (with an AA tha...
by dcw213
Tue Feb 05, 2013 8:26 pm
Forum: Personal Investments
Topic: Long term saving/investing for first home
Replies: 7
Views: 1030

Re: Long term saving/investing for first home

Ultimately the answer is up to you, but I would strongly suggest not risking any savings for a ring/house that you will need in a ~5 year time horizon. While I am sure you are aware of the events of 2008-2009, I doubt you truly experienced it given your age. Let me tell you from experience, it is no...
by dcw213
Wed Jan 09, 2013 6:56 pm
Forum: Personal Investments
Topic: New to Back Door Roth - Questions
Replies: 6
Views: 658

Re: New to Back Door Roth - Questions

One quick follow-up question: Right now my wife has only a Roth IRA at Vanguard. If she contributes her 2012 and 2013 contribution limits to a non-deductible TIRA now, will she then be able to roll it over into her existing IRA, or should all rollover accounts be separate? The same question relates ...