Search found 334 matches

by Billionaire
Fri Aug 11, 2017 7:45 pm
Forum: Personal Consumer Issues
Topic: Trip Cancellation Insurance.
Replies: 37
Views: 4480

Re: Trip Cancellation Insurance.

My Visa card provides travel insurance for $5000.00 per person per year for zero cost. You just need to book your travel using the card.
by Billionaire
Fri Aug 11, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: $50k loan from 401k for house
Replies: 21
Views: 3082

Re: $50k loan from 401k for house

I vote NO. 401K's are a money making steamroller. Don't slow it down.
by Billionaire
Tue Aug 08, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 5667

Re: Deja Vu.. are there too many houses for sale?

In my neighborhood the houses sell, but they still need to be priced correctly and show well. Two doors down from us a house is for sale. They just held their sixth open house. We walked through and the house does not show well. The front gate does not open cleanly. The front porch needs a coat of s...
by Billionaire
Tue Jul 18, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Essential Bike (bicycle) Accessories
Replies: 71
Views: 6903

Re: Essential Bike (bicycle) Accessories

As expected a wide variety of suggestions based on how much "maintenance" somebody requires. I'm about as tricked out as I need to be now. I would recommend buying a nice pair (or three) of cycling shorts. See link below out Zoic for the men's shorts with liners. Your groin will thank you. The short...
by Billionaire
Tue Jul 11, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 11484

Re: Shopping for first bike since I was a kid

OP, I own two Trek bikes. A 5.2 Domane carbon fiber road bike AND just three weeks ago I bought a Zektor 3 fitness bike for shorter rides. I got the Zektor for a slight discount at $799.00. I won't even tell you the price of the Domane. My left hand has been falling asleep on the Zektor and I probab...
by Billionaire
Tue Jul 11, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 11484

Re: Shopping for first bike since I was a kid

I haven't had time to read this entire thread and from little I read you are getting a variety of suggestions. I did see somebody mention getting the proper sized bike and I would also suggest getting properly fitted on the bike. I'm not sure KMART or Walmart has the staff to properly fit you on the...
by Billionaire
Tue Jul 11, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 2533

Re: Advice on buying a musical instrument

I would go back a 2nd and 3rd time (whatever it takes) to play the other ones you are considering. Have you looked for any web forums for any particular brand of violin? I play the guitar and am amazed at the information and knowledge of people on various forums for specific brands of guitar. Is you...
by Billionaire
Sun Jul 09, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Relative in trouble; how do we help?
Replies: 26
Views: 2932

Re: Relative in trouble; how do we help?

Sorry to hear about this.
Why do you think she is entitled to a severance package?
by Billionaire
Sat Jul 08, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Last 80 minutes of my career
Replies: 64
Views: 13006

Re: Last 80 minutes of my career

Congrats to the OP. Hopefully I'll be in this position come January 2018. Many years ago I left a company under not great circumstances in New Hampshire. The company withheld my last paycheck. I filed a complaint with the New Hampshire Labor Board. The company paid me before the hearing date in fron...
by Billionaire
Mon Jul 03, 2017 5:20 am
Forum: Personal Finance (Not Investing)
Topic: People who receive employer 401k contributions, how is it accounted on paystubs?
Replies: 28
Views: 6027

Re: People who receive employer 401k contributions, how is it accounted on paystubs?

Employer 401K contributions could be on your paystub, but for informational purposes only. There is no law that I know of, that says the employer needs to note them on your paystub. They are not on your W-2 form, since they are not taxable until you withdraw the funds from the 401K.
by Billionaire
Sun Jul 02, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 4166

Re: Medicaid irrevocable trust- any experiences?

Unfortunately, you do not always get to make the decision on where you go or your care. Once dementia/alzheimers sets in, your family will manage you the best they can given financial resources, logistics(who is nearby and who is not) and who knows what else. My mother (she is now 91 years old) was ...
by Billionaire
Sun Jul 02, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 4166

Re: Medicaid irrevocable trust- any experiences?

Quite frankly, the whole scene is a big mess. My father-in-law who was worth 6 million dollars and lived at a top notch nursing home experienced having his money stolen, co-mingled laundry and staff that was not always attentive. The staff is overworked, probably underpaid and under a tremendous amo...
by Billionaire
Sun Jul 02, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid irrevocable trust- any experiences?
Replies: 46
Views: 4166

Re: Medicaid irrevocable trust- any experiences?

I hired a NJ attorney who specializes in Elder Law in early 2015 to set up an irrevocable trust for my mother. I paid a one-time fee for the set-up of the estate plan/trust and also allowed me unlimited access to the attorney and his staff, without incurring additional billing. The irrevocable trust...
by Billionaire
Mon May 29, 2017 10:35 am
Forum: Personal Investments
Topic: Need help before receiving inheritance
Replies: 18
Views: 3358

Re: Need help before receiving inheritance

I would find an attorney who specialized in elder care, before attempting any do-it-yourself estate planning. What on earth are her yearly expenses(400K to 500K)? Does she have a 24 hour a day aide? If so, she may be better off in a nursing home with a memory care unit.
by Billionaire
Sun May 21, 2017 3:17 pm
Forum: US Chapters
Topic: Average age of a Boglehead
Replies: 18
Views: 3558

Re: Average age of a Boglehead

I'll probably get smacked upside the head for this, but I don't consider myself a Boglehead. I break too many of the rules.
by Billionaire
Fri May 19, 2017 6:13 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33605

Re: For those with $500k-$1m in investments...

I'm outside the range, but have 9% in taxable. Made my first IRA contribution in 1981.
by Billionaire
Sun May 14, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 9229

Re: Does Retirement Planning impact your job performance?

Yeah, I think I may have entered this phase. The good news is that my area is very slow right now, while management figures out what direction to take the IT department. We just laid off some people(I survived), and I think they need to keep me around for some future potential projects. These projec...
by Billionaire
Sun May 07, 2017 7:24 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 42674

Re: Where to Live on $60K or Less a Year?

I'm late to this thread, so I'm not sure if my suggestion has been mentioned. Go to Outside Magazines website and you may find a similar article to what you are seeking. There was a somewhat similar thread here a few months ago and I made the same suggestion. I may have even posted a link, so you ca...
by Billionaire
Sat May 06, 2017 7:42 pm
Forum: Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 5358

Re: What to do with inheritance

You've received a lot of good advice, but as an aside you really should know the balance of your personal retirement accounts. I'd guess you are closing in on $100,000.00 and should have that invested accordingly.
by Billionaire
Sat May 06, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 5540

Re: Job Decision

I would not consider you underpaid. It appears you are paid market rate for your area of the country. You are very fortunate, instead of just flat out laying you off, they offered you another job. That is not the norm. I vote for continuing to work there. Once the dust settles you can reassess.
by Billionaire
Sun Apr 30, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 10368

Re: Favorite Financial Indulgences

Well, one is participating in my companies ESPP where I make $3750.00 per year without even breaking a sweat. Like taking candy from a baby. Other than that, my vices are music and bicycling. I expect to buy a new guitar in the next year or so and will probably pay about $3000.00 for it. Travel too....
by Billionaire
Sat Apr 29, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Supervisor asks me "when are you retiring?"
Replies: 2
Views: 1676

Supervisor asks me "when are you retiring?"

At a team meeting recently, my supervisor asked me when am I retiring. It was said somewhat jokingly, but since we just had layoffs (I survived), it came across as a bit odd. Supervisor said everybody thinks I'm rich. One person from another team was laid off and since they are 71 years old, it was ...
by Billionaire
Sat Apr 29, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why never speak badly about boss? [Need Bogleheads' wisdom]
Replies: 138
Views: 17487

Re: Why never speak badly about boss? [Need Bogleheads' wisdom]

I haven't read all the responses (yet), I will say this about my current employment at a mega corp. My former manager shared way too much information to me about my co-workers. I assumed he was doing the same when talking to them. There is now another layer between me and the former manager. It's pr...
by Billionaire
Tue Apr 25, 2017 5:05 pm
Forum: Personal Investments
Topic: Investing $1M
Replies: 57
Views: 8440

Re: Investing $1M

My apologies to the OP. I didn't mean to cause any problems. Congrats on your success and good luck investing.
by Billionaire
Tue Apr 25, 2017 6:41 am
Forum: Personal Investments
Topic: Investing $1M
Replies: 57
Views: 8440

Re: Investing $1M

zuma wrote:
Billionaire wrote:Keep working, it sets a good example for the rest of your family (children??).
This is questionable advice given how little we know about the OP.
As is some of your advice.
by Billionaire
Tue Apr 25, 2017 5:50 am
Forum: Personal Investments
Topic: Investing $1M
Replies: 57
Views: 8440

Re: Investing $1M

I hate to accuse somebody of starting a fictitious thread, but this sure smells like one. The follow-up response by the OP doesn't even respond to some good initial points made by the first two or three responders. Keep working, it sets a good example for the rest of your family (children??).
by Billionaire
Sat Apr 15, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 14488

Re: My kids don't care about saving

It's difficult to say when, if ever, the light bulb will go off. Some people just don't "get off" on seeing a bank balance, stock portfolio or 401K account increase. Given the choice of watching their financial assets increase or paying for instant gratification, they prefer the later.
by Billionaire
Sat Apr 15, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 34513

Re: Age when you started to max out your retirement accounts?

Cool topic. I've kept contribution records going back to 1982 when I made my first deductible contribution of $1000.00 to an IRA. My first year maxing to the IRA was in 1985 when I was 29. I've been maxing out my 401K contributions since 1997, including the catch-up portion when I was eligible.
by Billionaire
Tue Apr 11, 2017 12:54 pm
Forum: Personal Investments
Topic: Forced retirement-Can this work?
Replies: 17
Views: 3214

Re: Forced retirement-Can this work?

I'm not sure what is meant by a forced retirement. Either you chose to pursue another full time opportunity or you don't.
by Billionaire
Wed Apr 05, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: HSA Question
Replies: 8
Views: 1163

Re: HSA Question

Your $$ limit for 2017 is most likely determined by your benefits plan provider, by following IRS guidelines and given to your HR department for processing. Somebody in your HR department should be able to explain.
by Billionaire
Sat Apr 01, 2017 4:54 am
Forum: Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 32791

Re: Currently have $700,000 at 26 years old get $100,000 a year

I think this was an early April Fools joke. I don't doubt people like this exist, but you'd think they have resources that have helped other family members accumulate such wealth before resorting to on-line financial help.
by Billionaire
Wed Mar 29, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 18049

Re: When do you plan to die?

Trader/Investor wrote: If you have a gut you better reevaluate your fantasy of living to 90 or 100.
Oh, crap.
by Billionaire
Wed Mar 29, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 18049

Re: When do you plan to die?

rec7 wrote:No male in my family has lived past 77 so I don't have to plan as much as others.
My condolences to you and your family.
by Billionaire
Wed Mar 29, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 18049

Re: When do you plan to die?

I'd like to hit 90. What I've seen in recent years is mid to late 80's things start going downhill FAST. Well at least in a couple of people who are close to me. So if I'm lucky enough to hit 90, I'm probably in for a couple of rough years. Once you're at the mercy of aides, nursing home staff, etc,...
by Billionaire
Wed Mar 29, 2017 12:10 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 7620

Re: anyone factor in future inheritance?

I'll say no. Not sure I'll even be alive or if anything will be left.
by Billionaire
Tue Mar 21, 2017 11:49 am
Forum: Personal Investments
Topic: 27, no investments, please help
Replies: 19
Views: 3207

Re: 27, no investments, please help

I think your easiest entry point would be your 401K. You are essentially dollar cost averaging with payroll deductions. You could gradually dollar cost average your existing cash balance in the 401K into your investment mix.
by Billionaire
Tue Mar 21, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Relocation to Milwaukee
Replies: 38
Views: 4564

Re: Relocation to Milwaukee

You should watch this short history lesson courtesy of Alice Cooper.
https://www.youtube.com/watch?v=nRCTc6stICc
by Billionaire
Sat Mar 18, 2017 8:14 am
Forum: Personal Investments
Topic: How do you cope with regret over selling too soon?
Replies: 72
Views: 9707

Re: How do you cope with regret over selling too soon?

Dont feel bad...ever hear of Ron Wayne? Probably not...he's the unknown founder of apple. He sold his apple shares for $800 back in 1976. Today they'd be worth $35,000,000,000. Read on.... "In the early 1990s Wayne sold the original Apple company agreement, signed in 1976 by Jobs, Wozniak and himse...
by Billionaire
Wed Mar 15, 2017 5:00 pm
Forum: Personal Consumer Issues
Topic: PayPal - Any Disadvantages?
Replies: 49
Views: 7112

Re: PayPal - Any Disadvantages?

My PayPal and EBAY use is so sporadic, I just may cancel both accounts. I've never had a problem, but golly, the amount of spam that somehow gets generated from particularly PayPal is astounding.
by Billionaire
Sun Mar 05, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth milestone reached: $100,000!
Replies: 53
Views: 6409

Re: Net worth milestone reached: $100,000!

I started my programming career at the age of 35. Best decision of my life, but 27 years later, I'm now ready to move on. Congratulations!!! That a nice milestone.
by Billionaire
Sat Mar 04, 2017 2:19 pm
Forum: Personal Investments
Topic: Making a big bet and borrowing from 401K
Replies: 31
Views: 4030

Re: Making a big bet and borrowing from 401K

Here are the two scenarios I see at play. I'll leave it at two scenarios. Scenario #1 You wager $50.000.00 on red, black comes up. You lose $50,000.00 Scenario #2 You wager $50,000.00 on red, red comes up. You now have $100,000.00. Feeling confident, you wage $100,000.00 on red, black comes up. You ...
by Billionaire
Sat Mar 04, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: How to ask back the book I lent to a Director?
Replies: 45
Views: 4249

Re: How to ask back the book I lent to a Director?

Eight years ago I lent a new co-worker a travel book on Italy. After her trip I casually asked for it back. Nothing. As the months and years progressed I realized what an unorganized mess she is, both at work and at home and understood why I was never getting the book back. She occasionally asks for...
by Billionaire
Thu Mar 02, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Selling ESPP help
Replies: 5
Views: 639

Re: Selling ESPP help

The discount is added to the taxable income on your W-2. At least, that's how my megacorp accounts for it.
by Billionaire
Wed Mar 01, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 15348

Re: Why can't I save enough to have decent vacation or restaurant meal

What is the net result when you file taxes? Balance due or refund? If it's a refund, make sure it isn't too large. The money is better off in your pocket paycheck to paycheck.
by Billionaire
Mon Feb 27, 2017 8:17 pm
Forum: Personal Investments
Topic: Assisting Parent with Dementia
Replies: 25
Views: 3481

Re: Assisting Parent with Dementia

Sorry to hear of this situation. I have two POA's for my mother. One is to make decisions on her health. The other is to make financial decisions. Maybe time to talk to an attorney specializing in elder care.
by Billionaire
Mon Feb 27, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 11005

Re: Do Boglehead DIY or Pay a Professional?

In the FWIW category, we live in a neighborhood with a lot of fences. The homeowners who paint their own fences typically do a poor job. They don't know how to power wash and apply uneven, gloppy coats of paints. One guy destroyed a bunch of his wood posts with his power washing "skills". This is af...
by Billionaire
Sun Feb 26, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 11005

Re: Do Boglehead DIY or Pay a Professional?

I pay people. A couple of years ago I finally hired somebody to cut the grass. Best decision ever. Seemed like I was always struggling to fit it into my schedule and it's not that expensive. I have zero interest in plumbing and electrical work. And forget about car repairs. I'd rather play my guitar...
by Billionaire
Sat Feb 18, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split $10K Fed Tax Bill Between Husband and Wife
Replies: 38
Views: 4006

Re: How to Split $10K Fed Tax Bill Between Husband and Wife

dumbbunny wrote:
Billionaire wrote:Instead of grinding out who owes what, I would say you pay 65% of the tax liability and your wife pays 35%.
Please how did you determine this percentage?
I did a WAG. Your question tells me you are going to want to grind it out. Good Luck.
by Billionaire
Sat Feb 18, 2017 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to Split $10K Fed Tax Bill Between Husband and Wife
Replies: 38
Views: 4006

Re: How to Split $10K Fed Tax Bill Between Husband and Wife

Instead of grinding out who owes what, I would say you pay 65% of the tax liability and your wife pays 35%.
by Billionaire
Sat Feb 18, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: do i need to amend 1040 tax form for minor detail?
Replies: 4
Views: 671

Re: do i need to amend 1040 tax form for minor detail?

If the only mistake was the number of shares sold, I would not bother.