Search found 1567 matches

by EnjoyIt
Tue Apr 08, 2014 12:38 am
Forum: Personal Consumer Issues
Topic: Expensive med. test not covered by insurance
Replies: 81
Views: 11221

Re: Expensive med. test not covered by insurance

Look up the cost of this test on snaphealth.com
I'm curious what it would cost out of pocket in the free market.
by EnjoyIt
Mon Apr 07, 2014 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 11613

Re: Why pay off your house?

Most people who have extra cash either spend it or let it sit in the bank. If those are your options, paying off low interest rate debt is a good idea even financially
by EnjoyIt
Mon Apr 07, 2014 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 11613

Re: Why pay off your house?

Here is a scenario: You live well below your means and put away enough money for an early retirement by maxing out all tax advantaged accounts as well as adding a good some of money to a taxable account. But since you live so well below your means you still have extra cash accumulating. What do you ...
by EnjoyIt
Sun Apr 06, 2014 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Financial question about a Doctor’s Visit
Replies: 77
Views: 6444

Re: Financial question about a Doctor’s Visit

As an alternative, you could contact the lab, explain the situation, and offer to pay them the amount an insurer would normally pay. They know very well that their bill is 'inflated' and that the overwhelming majority of people don't pay close to that amount (due to insurance discounts). It is not ...
by EnjoyIt
Sat Apr 05, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 837

Re: business tax

SeattleCPA: I believe that book may be too out of my reach. I guess I am looking for something in between Business Tax for Dummies and your BNA book. Also, you being a CPA, may I ask you; is it common for some CPAs to delay to a point when stress kicks in and you are forced to rely on their experti...
by EnjoyIt
Sat Apr 05, 2014 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Leasing a] business vehicle
Replies: 10
Views: 1543

Re: [Leasing a] business vehicle

actually a $60K-$80K car will not even come close to $0 in 10 years is actually depreciated to $30K.

You get the best bang for your buck in the first and second year. By year 4 you only get about $1,800 per year
by EnjoyIt
Sat Apr 05, 2014 1:36 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 11613

Re: Why pay off your house?

Another option is if you are currenlty not sure, double your payments for 1 year and see how you feel about it. This way you are decreasing the length of your loan, but not dropping everything all at once. dollar cost averaging your loan so to speak. Over the coarse of the year, you can decide if th...
by EnjoyIt
Fri Apr 04, 2014 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 837

Re: business tax

Although the publications are easy reading, the material is not designed to give you the best tax efficiency. For example, I am still unsure what is strategically the most cost effective way to buy/lease a business vehicle. I think buying it in cash, taking depreciation, and then selling it to a thi...
by EnjoyIt
Fri Apr 04, 2014 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 11
Views: 1014

Re: Term Life Insurance - Young Couple in 20's

$6K for a few minutes of time seems worth it, no?

I had no idea you can decrease your plan over time. which can theoretically accomplish the same thing, so definitely good to know.
by EnjoyIt
Fri Apr 04, 2014 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 11
Views: 1014

Re: Term Life Insurance - Young Couple in 20's

I am a big believer in laddering. As your portfolio grows, you need less and less insurance as you can self insure at some point in your life. Also, as your loans are paid off, your fixed expenses decrease. Then your kids are out of college, out of the house and not a financial burden :) This will a...
by EnjoyIt
Fri Apr 04, 2014 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 837

Re: business tax

Ralph, I believe that is good advice, but to be honest, I am having a hard time finding a trustworthy CPA that is also timely. The last one I had got me into two late fees. The current one I have tried to set me up with whole life insurance, cost me $500 in a penalty for not paying enough to the IRS...
by EnjoyIt
Fri Apr 04, 2014 11:29 am
Forum: Investing - Help with Personal Investments
Topic: 2 Vanguard questions and 1 ETF
Replies: 4
Views: 518

Re: 2 Vanguard questions and 1 ETF

Stan and Livesoft, 1. I suspect you do not have a Vanguard BS account right now because if you had such an account, I think you would see that you could have money market fund (account) as the settlement account and it could have a balance of $0.00. My spouse has a VBS account with a balance of $0.0...
by EnjoyIt
Fri Apr 04, 2014 10:38 am
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 837

Re: business tax

OAG wrote:IRS Pub 334?
Although the IRS Publications are readily available, I find them not the easiest reading material. I was hoping some fine person decided to write a book to explain everything in a simpler english. Thanks,

-Beck
by EnjoyIt
Fri Apr 04, 2014 10:35 am
Forum: Investing - Help with Personal Investments
Topic: 2 Vanguard questions and 1 ETF
Replies: 4
Views: 518

2 Vanguard questions and 1 ETF

I have two questions for the masses. 1) Vanguard states unless I have a money market account in my taxable brokerage account, I must DRIP (dividend reinvestment plan) my funds there. They say the minimum in money market is $3,000. The question I have, is it worth having $3,000 money market account t...
by EnjoyIt
Fri Apr 04, 2014 10:02 am
Forum: Personal Finance (Not Investing)
Topic: business tax
Replies: 10
Views: 837

business tax

Bogleheads, Do any of you have advice on a good book regarding doing your own business taxes? I am a sole proprietor with a PLLC and a C-corp. To my understanding there have been some recent tax code changes for 2013 therefor I assume the book would have to be atleast a 2013 edition. Thanks in advan...
by EnjoyIt
Thu Apr 03, 2014 12:51 am
Forum: Personal Finance (Not Investing)
Topic: 403b / 401k / ?
Replies: 2
Views: 399

Re: 403b / 401k / ?

bumpy bump please
by EnjoyIt
Tue Apr 01, 2014 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: 403b / 401k / ?
Replies: 2
Views: 399

403b / 401k / ?

I have a question a friend of mine asked me and I am not sure what the correct answer is. Some history about my friend. He is married, with non employed wife and 3 kids. AGI $320K. He is changing jobs in August. His old job offers a 403b, while his new job offers a 401K after 1 year employment. What...
by EnjoyIt
Sun Mar 30, 2014 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: [Leasing a] business vehicle
Replies: 10
Views: 1543

Re: [Leasing a] business vehicle

You can deduct 100% of the lease payment provided that the vehicle is used 100% for business purposes. Helps to have multiple cars and use one, the nicest and most fun, as your business vehicle. You can also deduct the insurance, gas, maintenance, repairs etc. You also should keep a mileage log to ...
by EnjoyIt
Sun Mar 30, 2014 1:05 pm
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 6618

Re: retired at 37?

It is very possible. putting away 50K over 15 years at 8% leaves you with ~$1,428,000. At a 4% withdrawal rate will give you ~$57,000/year to live off of. If he states he made 100K/yr invested 50K/yr, he should be able to live of his returns after 15 years.
by EnjoyIt
Fri Mar 28, 2014 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: [Leasing a] business vehicle
Replies: 10
Views: 1543

Re: business vehicle

Extreme example: So it it really possible to lease a $200,000 car and deduct ~$4K a month? Is that really legal? Sounds similar to the real life case I quoted, where a rep firm owner leased a BMW at $10k a month with a $1 buyout. He wrote off the lease under his business and bought the car personal...
by EnjoyIt
Fri Mar 28, 2014 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: [Leasing a] business vehicle
Replies: 10
Views: 1543

Re: business vehicle

Extreme example:
So it it really possible to lease a $200,000 car and deduct ~$4K a month? Is that really legal?
by EnjoyIt
Thu Mar 27, 2014 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 3875

Re: Buy Term Life Now or Wait

Insurance is useless for you when you are dead. Will it help your spouse? Do you want it to help your spouse? If the answers are yes, then get life insurance for no more than what you think you will need. Although you did not ask, I think more important than life insurance is disability insurance be...
by EnjoyIt
Thu Mar 27, 2014 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: [Leasing a] business vehicle
Replies: 10
Views: 1543

[Leasing a] business vehicle

I keep seeing people who own their own business say that it is better to lease as 100% of the lease payment can be written off as a business expense and is tax deductible. Although when reviewing the IRS rules I see nothing of the sort. If the car is under 6000lbs you can either deduct millage or de...
by EnjoyIt
Thu Mar 27, 2014 12:35 pm
Forum: Personal Consumer Issues
Topic: Investing in Physical as well as Financial Health
Replies: 39
Views: 3551

Re: Investing in Physical as well as Financial Health

One of the biggest issues with running is most of the time it's done on concrete. Running on grass while toe striking will greatly reduce impact and injury. Biking, jump roping and swimming are great cardiovascular substitutes with low impact. I wish the best of luck with your physical health! +1 T...
by EnjoyIt
Thu Mar 27, 2014 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why does a Boglehead move to an adviser at 1.25% AUM?
Replies: 63
Views: 6670

Re: Why does a Boglehead move to an adviser at 1.25% AUM?

If you have a real concern for your friend, send him a message stating: "Here are some facts I looked into for you. After today I will never bring up this topic again" And then lay out some of the things described in this thread. After that he can make whatever decision he wants to and leave it at t...
by EnjoyIt
Thu Mar 27, 2014 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Savers remorse ?
Replies: 91
Views: 14221

Re: Savers remorse ?

I see it like this. I have decided how much money I need to save each month/year to meet my goals and slightly exceed my goals with conservative expectations. Everything left over is to enjoy life today. If I am lucky and have been too conservative I will get to retire early. I still try not to wast...
by EnjoyIt
Sun Mar 23, 2014 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Have extra cash: Should I pay off the HOUSE or INVEST it?
Replies: 31
Views: 4036

Re: Have extra cash: Should I pay off the HOUSE or INVEST it

And the loss in investment gains by having a 15 years mortgage instead of a 30 year on is also substantial. Some people like to pass up 100k in gains to avoid paying 50k in interest.:) Not paying it is off is higher risk, higher reward. The odds of not getting a net 4% out of the market over 10-15 ...
by EnjoyIt
Sun Mar 23, 2014 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Have extra cash: Should I pay off the HOUSE or INVEST it?
Replies: 31
Views: 4036

Re: Have extra cash: Should I pay off the HOUSE or INVEST it

It is all about psychology vs mathematics. Each has its pros and cons, but neither is a huge winner or loser. I am in the same boat with 2.75% school loans and 2.75% mortgage. Today I find I can comfortably pay double on my school loans while maximizing my retirement. I get benefits from both math a...
by EnjoyIt
Sun Mar 23, 2014 2:06 pm
Forum: Investing - Theory, News & General
Topic: Faulty Logic [Asset Allocation nearing Retirement]
Replies: 24
Views: 2722

Re: Faulty Logic

I don't think it is faulty logic at all especially if you are really planning on retiring soon. What does your investment policy statement say?

Me personally if I was 54 I would probably be closer to 55/45 or 50/50 especially if I was close to retiring
by EnjoyIt
Sat Mar 22, 2014 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: You can lead a horse to water... [Giving financial advice]
Replies: 50
Views: 7054

Re: You can lead a horse to water... [Giving financial advic

They are both close to 60 y/o. Other than a proper budget is there anything that can actually be done at this point?

good luck as I completely empathize with you.
by EnjoyIt
Sat Mar 22, 2014 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Options for the medical grad but no residency
Replies: 98
Views: 15065

Re: Options for the medical grad but no residency

I think the problem with urgent care is that 9-5 are not the typical hours. Those places make their money weekends and 5-10. Also, urgent care facilities are run by nurse practitioners or physician assistants. Free standing ERs are run by doctors either family practice, internal medicine or emergen...
by EnjoyIt
Sat Mar 22, 2014 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 10496

Re: Aargh, investing!!

Hojo, I will add only one piece of advice. There is no rush to do this. Although you may feel pressured to do something immediately, you actually don't. You have years and years of investing ahead of you. Take your time, over the next few months, learn as much as you could, set up your IPS, save up ...
by EnjoyIt
Sat Mar 22, 2014 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Have extra cash: Should I pay off the HOUSE or INVEST it?
Replies: 31
Views: 4036

Re: Have extra cash: Should I pay off the HOUSE or INVEST it

regarding AA, You say currently you are 85/15. I find that a little scary for my own tastes. Your risk tolerance may be better than mine though. I am currently 37 and am 70/30 thinking about starting to swing to 60/40 due to me being closer to my goals, less need to take risk, as well as price to va...
by EnjoyIt
Sat Mar 22, 2014 1:48 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 176
Views: 37316

Re: Frugality regret: What thing do you regret not spending

I truly believe spending money on experiences and saving on not spending on useless baubles and trinkets. If it is a product I use regularly and get enjoyment on it, then it is well spend (ie: Media room.) My only spending regret is not traveling more when I was still in school. Although it would ha...
by EnjoyIt
Sat Mar 22, 2014 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Have extra cash: Should I pay off the HOUSE or INVEST it?
Replies: 31
Views: 4036

Re: Have extra cash: Should I pay off the HOUSE or INVEST it

You have a few benefits to paying off the apartment vs buying into the market. One is financial, the other is psychological. For many here the psychological aspect of not having a mortgage is huge. BTW, you really need to take into account the tax deduction on your interest. It should bring your mor...
by EnjoyIt
Fri Mar 21, 2014 3:14 pm
Forum: Personal Consumer Issues
Topic: best way to buy jewelry?
Replies: 28
Views: 4350

Re: best way to buy jewelry?

I simply can't understand jewelry. You lose more value taking it from the store than a car.

Unfortunately I have to keep buying these lousy trinkets.

Sorry, I have no advice for you, just felt the need to complain.
by EnjoyIt
Fri Mar 21, 2014 5:05 am
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

Re: The Intelligent Investor

I think that is exactly it, and maybe I should adjust my investing policy to reflect that. Maybe as it rises I need to start adjusting my AA from 70/30 to 50/50. I don't think I should completely run from equities, but I do think caution may be necessary. Yet I also agree, that this feels like marke...
by EnjoyIt
Tue Mar 18, 2014 8:53 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

Re: The Intelligent Investor

There are some great replies in this thread. Thank you all.

-Beck
by EnjoyIt
Tue Mar 18, 2014 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion - balance between school loans and saving
Replies: 14
Views: 1173

Re: Opinion - balance between school loans and saving

I'm in the same boat as you with most of my school loans at 2.75% The way I am working through it and it has taken me a few years to get this far: First I save 25% of my income maxing out my tax advantage accounts the rest goes in taxable every year. Then I filled my Emergency fund with 6 months exp...
by EnjoyIt
Mon Mar 17, 2014 10:35 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

Re: The Intelligent Investor

I think you are missing the point of what Ben Graham is saying. His point is never go to extremes: Always have between 25% - 75% in stocks and 25% - 75% in bonds. Your limits should be 75% stocks and 25% bonds and on the other end 25% stocks and 75% bonds. My current asset allocation is 80% stocks ...
by EnjoyIt
Mon Mar 17, 2014 8:31 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

Re: The Intelligent Investor

Let me be clear, I am currently a stay the coarse investor and have no plans on changing. I Rebalance my AA with additional investments and stick to 70/30. I also understand that the general consensus of the forum is stay the coarse. I am also aware that Graham is one of the best investors who ever ...
by EnjoyIt
Mon Mar 17, 2014 6:41 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

Re: The Intelligent Investor

Hey Beck, But the question I have should we edge on decreased risk based on years in a bull market slowly decreasing our stock exposure and increasing the safety of bonds as recommended by Graham? What does your IPS say about this? Could this be a form of market timing? Obviously this is not part o...
by EnjoyIt
Mon Mar 17, 2014 4:23 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 27
Views: 4845

The Intelligent Investor

Has anyone read this book? If so, there is a comment there that I find very interesting regarding asset allocation. The discussion is to keep 25-75% in stocks and 75-25% in bonds depending on risk and view on the market. Here we all say we can't time the market. But the question I have should we edg...
by EnjoyIt
Mon Mar 17, 2014 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: What premium items are least worth it?
Replies: 105
Views: 9354

Re: What premium items are least worth it?

from most overpriced to least:
Financial advisors
private college education in non top tier schools.
diamonds, followed by name brand jewelry.
High end name brand clothes.
by EnjoyIt
Mon Mar 03, 2014 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 7600

Re: What to say to Non-Savers

You can't change anyones mind. I have a friend who has not saved anything for retirement and in loads of debt. Asks me for advice and still after 3 years nothing has changed. He wants to save, but can't get himself to do it. Even he can't change his own mind. As for your mother, I would regularly tr...
by EnjoyIt
Sun Mar 02, 2014 12:45 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 11846

Re: UPDATE: [physician, career options, life options]

Great post and an exact replica of my goals. I will admit I have cut hours from work and have been much happier. Because we are taxed at such a high rate, it is actually better to work less hours a year for more years (because you are taxed less cumulatively.) IE: you make more money working 10 shif...
by EnjoyIt
Fri Feb 28, 2014 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Re: Billing for annual physicals
Replies: 73
Views: 9472

Re: Billing for annual physicals

Over the last 30 years Medicaid has been creating more and more hoops to jump through for a physician to get paid. They create more and more rules to deny payments. It has gotten so bad that an office practice needs to hire multiple people to help with coding, billing, and reimbursement which in eff...
by EnjoyIt
Thu Feb 27, 2014 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Home remodel - need confirmation that we can afford it
Replies: 51
Views: 5551

Re: Home remodel - need confirmation that we can afford it

Its not a matter of whether I need to try and eek out a few percent more, but whether it makes financial sense to do one thing over another given the risk involved. I always have the option of paying of the loan immediately or more quickly than the term. Title of thread says "Home remodel - need co...
by EnjoyIt
Sun Feb 23, 2014 12:14 pm
Forum: Personal Consumer Issues
Topic: Sonos sound system ?
Replies: 18
Views: 2729

Re: Sonos sound system ?

I have done quite a bit of research regarding sonos. In my personal opinion, which means really very little, I find the sonos 3,5 and bar very low quality especially for the price. If you are looking for a dedicated 5.1 sound system for your TV/media room, then this is not the way to go. For the sam...
by EnjoyIt
Sat Feb 22, 2014 8:35 pm
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 6343

How to convince family & friends to use Boglehead Method?

I have been pleasantly surprised that folks eventually come around if you give them time. I have a small handful of close associates who have thanked me and then gone on to recommend that some of our mutual friends talk to me. I simply lay out the options, recommend the books, and then sit back and...