Search found 80 matches

by Osterix
Fri Mar 26, 2021 10:43 am
Forum: Personal Investments
Topic: New Dual Physican Couple
Replies: 96
Views: 10835

Re: New Dual Physican Couple

This is why PSLF is not the route I would have recommended for a couple making 650k/yr. Anyway, I will be the one to advocate just paying it off, but I found student loan debt to be extremely annoying. Refinancing at is the mathematically the better route but won’t it be nice to have that 160k alba...
by Osterix
Tue Mar 23, 2021 10:10 am
Forum: Personal Investments
Topic: Best place to open a solo 401k?
Replies: 71
Views: 3922

Re: Best place to open a solo 401k?

Etrade made some changes to the way they handle contributions this past year, and they are definitely changes for the worse. They now limit electronic transfers to the elective deferral limit ($19.5k or $26k). If you want to contribute more, you have to deposit a paper check through their mobile ap...
by Osterix
Sat Feb 27, 2021 2:11 pm
Forum: Personal Consumer Issues
Topic: Urgent passport issue
Replies: 42
Views: 7086

Re: Urgent passport issue

OP here: Went on a wonderful vacation to Jamaica with the passport issue resolved. Just getting the appointment was hard, VERY HARD, but my state senator office was able to help me. It did cost me in higher fees for the kids and I, one day lost work to drive 3 hours one way to the passport agency, ...
by Osterix
Sat Jan 23, 2021 8:32 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 193
Views: 46919

Re: 2nd million is easier!

For me it looks something like this: Starting in 1993: 8 years $500k - 2001 10 years $1 million - 2004 12 years $2 million - 2006 17 years $5 million - 2010 21 years $10 million - 2014 24 years $15 million - 2017 In the past 12 months I added over $2.3 million to my net worth, approximately half of...
by Osterix
Thu Jan 07, 2021 2:35 pm
Forum: Personal Consumer Issues
Topic: Recommend a free business checking account
Replies: 11
Views: 768

Recommend a free business checking account

I am an independent contractor for my full time job, and I have been using Azlo for free business checking for my direct deposit each month. I just received an e-mail that BBVA has decided to close Azlo. I am looking for recommendations for another free business checking account as I will obviously ...
by Osterix
Tue Jan 05, 2021 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth at Fidelity question
Replies: 59
Views: 5334

Re: Backdoor Roth at Fidelity question

Interesting. I transferred $6,000 into my spouse’s traditional IRA and my traditional IRA yesterday. This was from my online checking account at a separate institution. The $6,000 in my tIRA was available to withdraw this morning (<24 hours after transfer), and I transferred to my Roth IRA. My spous...
by Osterix
Sun Jan 03, 2021 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Coming up with mortgage down payment
Replies: 74
Views: 4442

Re: Coming up with mortgage down payment

Do not buy a house unless you can come up with AT LEAST 20% down. It's that simple. You'll be on the treadmill the rest of your life if you complete this purchase as planned. This is false. I bought without 20% down and I’m doing great. Did you have the same exact financial profile as that provided...
by Osterix
Fri Jan 01, 2021 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pay1040.Com Question (Pay Tax With Credit Card)
Replies: 16
Views: 1574

Re: Pay1040.Com Question (Pay Tax With Credit Card)

Bumping this thread to update anyone who plans to pay 2020 Q4 estimated taxes with a credit card in January 2021. Pay1040.com increased their credit card processing fee from 1.87% to 1.99%. This is a change since I made my 2020 Q3 payment. I used to may a couple of bucks on my double cash card. No l...
by Osterix
Thu Dec 24, 2020 8:13 am
Forum: Personal Investments
Topic: High Income Earner But Nervous with Baby Coming! Advice Please!
Replies: 26
Views: 2388

Re: High Income Earner But Nervous with Baby Coming! Advice Please!

Someone smarter than me will be along shortly to help you with numbers The same goes for me. However, I'll still throw in my two cents, but not on the investing part. This is the only piece of advice I give to new parents. Your baby will basically be living in pajamas for the first 6 or so months. ...
by Osterix
Mon Dec 21, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: I'm buying a Tesla...Why I'm NOT paying cash
Replies: 25
Views: 2991

Re: I'm buying a Tesla...Why I'm NOT paying cash

I follow your logic. We bought my spouse a 2020 vehicle earlier this year and took the financing (4.99%) in order to obtain the lowest price on the vehicle. Put $5K down on a cash back credit card. Paid the vehicle off in full a couple of weeks later. I think that my general rule will be to not fina...
by Osterix
Sun Dec 20, 2020 2:20 pm
Forum: Personal Investments
Topic: Roast me! ER doctor portfolio
Replies: 128
Views: 13720

Re: Roast me! ER doctor portfolio

Roast me! Emergency Funds: Yes, 6 months Debt: None. Student loans and mortgage paid off Tax Filing Status: Married filing Jointly Tax Rate: 32% Federal, 0% State Age: Late 30’s Risk Tolerance: High Annual gross income: $350k -------------------------------------------------------------------------...
by Osterix
Tue Dec 15, 2020 8:10 pm
Forum: Personal Consumer Issues
Topic: Peloton owners, I need your advice!
Replies: 24
Views: 2501

Re: Peloton owners, I need your advice!

Peloton owners: Assuming weather permitting, would you still prefer indoor biking over biking outside in the park/bike trail? What is your preference, assuming money is not an issue? I’ve never cycled outdoors. I have owned the Peloton a few months. Honestly, I believe that I would choose the Pelot...
by Osterix
Sat Nov 28, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: New car - cash or credit?
Replies: 38
Views: 3152

Re: New car - cash or credit?

We are going to buy a new car from a dealer in the next three to four months. We will not have a trade-in, and could either pay cash or finance it. I remember reading in the Millionaire Next Door his method for car buying: handle it like a procurement specialist. Contact the sales manager with your...
by Osterix
Tue Nov 24, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use an accountant for personal taxes?
Replies: 146
Views: 9827

Re: Does anyone use an accountant for personal taxes?

I used TurboTax for about 6 years for my spouse and myself when we had only W2 income. Even with a simple return, it took hours of my time because I would triple check for mistakes. Now that I am an indecent contractor with an S-Corp, I gladly pay the $3,950 per year to have both personal and busine...
by Osterix
Tue Nov 24, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve retention offer - was worth the effort
Replies: 100
Views: 15255

Re: Chase Sapphire Reserve retention offer - was worth the effort

I downgraded from the Chase Sapphire Reserve to the Freedom about a month ago. Called customer service and stated that due to COVID I am not traveling. I did not get a retention offer.
by Osterix
Tue Nov 17, 2020 5:20 am
Forum: Investing - Theory, News & General
Topic: Anyone here mostly cash in portfolio?
Replies: 210
Views: 22140

Re: Anyone here mostly cash in portfolio?

I’ve only been investing for a few years now. I got fortunate with some timing for my contributions to my retirement accounts, so some nice gains have been made. Didn’t take anything off the table. The ridiculousness of 2020 has proven to me that I cannot predict what the market is going to do.
by Osterix
Sat Nov 14, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Fraud attempts on two credit cards in three days
Replies: 30
Views: 2725

Re: Fraud attempts on two credit cards in three days

For gas stations, consider using one nearby where you can pay via an app. I recently realized that my local BP station can accept payments via their app. I have credit card info in the app, use location services to select the correct BP station, enter the number of the pump I am using. It’s very con...
by Osterix
Sat Nov 07, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: iPhone upgrade trick w/AT&T
Replies: 59
Views: 7942

Re: iPhone upgrade trick w/AT&T

It looks like the credits have been reduced from $800 to $700 in the last few days. Still appears to be a good deal, and I’m probably going to go through with the process today. I’ve also had the 25% off deal with AT&T through a university for about 8 years, so it is definitely worth looking in...
by Osterix
Wed Nov 04, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

Just for clarity, the HSA plan as 20% coinsurance and the PPO has zero correct? This would mean to me that if the birth was low complication and low cost it would lean towards PPO and if it was high cost it would lean towards HSA. As others pointed out it would be useful to know you last birth cost...
by Osterix
Tue Nov 03, 2020 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

Just for clarity, the HSA plan as 20% coinsurance and the PPO has zero correct? This would mean to me that if the birth was low complication and low cost it would lean towards PPO and if it was high cost it would lean towards HSA. As others pointed out it would be useful to know you last birth cost...
by Osterix
Tue Nov 03, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

I think the reason I am primarily asking the question is that I am thinking worst case scenario I hit the OOP maximum which is the same for both plans. If I indeed hit the OOP maximum, it seems that the having the HSA is a logical choice.
by Osterix
Tue Nov 03, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

How much was the cost for the 1st birth? Is there some way for you to get an estimate of the all-in costs for the 2nd birth? It's very surprising to me that the OOP max is the same for the PPO Premium and HDHP. Fortunately, the first birth was on a different medial plan in a different state. We wer...
by Osterix
Tue Nov 03, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

Young children can consume a lot of medical care (not all preventative). Having a pregnancy or two young children in the household can increase use of medical care. If one gets sick frequently the other does as well. Perhaps the deductible on the HDHP plan doesn't stress you but if I had a pregnanc...
by Osterix
Tue Nov 03, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

Hi Osterix: I edited my first post to add this: Does your insurance company offer any cost comparison tools between the plans for services received? My spouse's had one for a natural birth delivery and in our situation we opted to keep the HDHP w/HSA since the deductibles were close. Her prenatal o...
by Osterix
Tue Nov 03, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

If you only have the HDHP for part of the year, I believe that your max HSA contribution has to be prorated based on the months that you were covered by the HDHP which may only be six months (July-Dec) in your example. My understanding is that if you are in HDHP in subsequent year you can fully fun...
by Osterix
Tue Nov 03, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

Re: HDHP during pregnancy?

If you only have the HDHP for part of the year, I believe that your max HSA contribution has to be prorated based on the months that you were covered by the HDHP which may only be six months (July-Dec) in your example. Have you also compared your monthly contribution cost difference between the HDH...
by Osterix
Tue Nov 03, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP during pregnancy?
Replies: 29
Views: 1933

HDHP during pregnancy?

Hello. I've read the other forum posts on the topic, but I would appreciate help looking at the numbers for my specific situation. My wife is expecting our second child with a due date in June 2021. We are currently on a HDHP. I am an independent contractor and fortunately the organization that I'm ...
by Osterix
Tue Nov 03, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job - COBRA question
Replies: 46
Views: 4178

Re: Lost my job - COBRA question

Hi BH's, I just got laid off late last week from my job and before I sign up for COBRA at $16K per year, a quick question. Has anyone experienced going on COBRA and then the insurance company becomes more likely to disallow or refuse to pay for something? I'm worried that since the insurance compan...
by Osterix
Tue Nov 03, 2020 7:29 am
Forum: Personal Investments
Topic: Grandparents to give money for kids' edu (529), but I'm tempted to do alternative (mega backdoor roth ira). Thoughts?
Replies: 25
Views: 1872

Re: Grandparents to give money for kids' edu (529), but I'm tempted to do alternative (mega backdoor roth ira). Thoughts

Scenario: Married, Mid-30's, 3 kids (6, 3, and 1 yo) My father and step mother (basically mother as I was very young when they married) expressed that they want to gift us some money for kids' college fund. We've only been saving for retirement so far, so this "college fund" doesn't exist...
by Osterix
Mon Nov 02, 2020 7:40 am
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27846

Re: What’s “your number” for each kid’s 529?

When our kids were born, financial advisor advised us to do $1k per kid per month, Utah aggressive/very aggressive. With a 14yo and 11yo, that's gotten us to $300k and $270k. We've stopped contributing to the 14yo's 529. Just curious, how do you plan on using all of the $300k? Even at an elite priv...
by Osterix
Mon Nov 02, 2020 6:43 am
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27846

Re: What’s “your number” for each kid’s 529?

I think the standard recommended is $250K. We are aiming for close to that In what kingdom? Boglehoodom? That’s insane and just perpetuates the higher education machine continuing to justify these outlandish prices. It’s nuts. Very few can afford a price tag of $250k per child. $250k is not unreaso...
by Osterix
Sun Nov 01, 2020 9:19 pm
Forum: Personal Consumer Issues
Topic: Suburb Ascent vs Highlander vs Kia Telluride....
Replies: 31
Views: 2930

Re: Suburb Ascent vs Highlander vs Kia Telluride....

Consider the Hyundai Palisade as it and the Kia Telluride seem to be top of the class for a reliable, affordable three row SUV. I have found Hyundai’s to be excellent vehicles. We purchased a 2020 Hyundai Santa Fe Limited earlier this year, and it is a pleasure to drive. I’m driving a base model 201...
by Osterix
Sun Nov 01, 2020 3:07 pm
Forum: Personal Consumer Issues
Topic: I just bought a Peloton - Love it!
Replies: 116
Views: 10860

Re: I just bought a Peloton - Love it!

I enjoyed the Peloton, but I found after about 6 months that I had tired of the sameness of the workouts. All of the instructors blather on way too much. I personally would not invest in one. If I were starting from scratch I would buy an "air bike" like the Assault or Concept 2 for HIIT ...
by Osterix
Sat Oct 31, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: I just bought a Peloton - Love it!
Replies: 116
Views: 10860

Re: I just bought a Peloton - Love it!

I have a Peloton and love it and for us it’s a great value relative to gym expenses we had been paying. But saying it should be standard equipment in every household in America is a claim you should back off of for two reasons. 1. Lots of people use other exercise methods that are as effective or m...
by Osterix
Fri Oct 30, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: I just bought a Peloton - Love it!
Replies: 116
Views: 10860

Re: I just bought a Peloton - Love it!

Yes, I do consider bikes high-impact. I used to use Schwinn stationary bikes in gyms (they were common there at one time). I could always spend a lot of energy, but it was concentrated in my legs and knees. I feel that a stationary bike's impact is pretty severe in my knees. The elliptical machine ...
by Osterix
Fri Oct 30, 2020 7:10 pm
Forum: Personal Consumer Issues
Topic: I just bought a Peloton - Love it!
Replies: 116
Views: 10860

Re: I just bought a Peloton - Love it!

For anyone contemplating purchasing a Peloton, I wanted to chime in and offer my 2 cents. After a week of use, I can see exactly why people enjoy it. The instructors combined with the friendly user interface and convenience factor are absolute game changers. In my opinion a Peloton should be standa...
by Osterix
Fri Oct 23, 2020 5:36 pm
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2561

Re: Stationary Indoor Bikes

I have a Schwinn IC3 and have had it for about a year. I bought so I could do cardio in my loving room without creating too much noise. Works perfect for my needs. I have a rower as well but that creates much more noise due to the fan which is less than ideal for early morning or late evening cardi...
by Osterix
Fri Oct 23, 2020 5:34 pm
Forum: Personal Consumer Issues
Topic: Stationary Indoor Bikes
Replies: 33
Views: 2561

Re: Stationary Indoor Bikes

Greetings , Does anyone have recommendations for stationary indoor bikes. Want to buy one for my daughter and her husband for Christmas. Let me know why you purchased the one you presently own and how satisfied you are with your selection. Also, if you are not satisfied, why? Thanks for your help P...
by Osterix
Wed Oct 21, 2020 8:29 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 626
Views: 85833

Re: What lifestyle creep made you happier?

As a Canadian, heated seats have been a requirement in any vehicle I have purchased, and once heated steering wheels starting becoming more widely available I waited for a vehicle with a supporting trim to get to three years old and purchased it used. Absolutely worth it! Like the others up thread,...
by Osterix
Tue Oct 20, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 1% to 0.8%
Replies: 82
Views: 9653

Re: Ally Bank savings interest rate dropping from 1% to 0.8%

As TFB pointed out this morning, breaking an Ally no-penalty CD just got more cumbersome :annoyed Ally Bank Removed Online Early Withdrawal From No-Penalty CDs https://thefinancebuff.com/ally-bank-early-withdrawal-no-penalty-cd.html I have 13 month CDs with Ally that mature in April 2021 so this ch...
by Osterix
Fri Sep 25, 2020 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I have an estate plan at this point in my life?
Replies: 33
Views: 2908

Re: Should I have an estate plan at this point in my life?

I’m military and currently stationed in Alabama. I entered Active Duty over ten years ago from Nevada so that is listed as my home of record and is used for income tax purposes. I’m not sure if I should have a full up estate plan at this point in my life or if I should wait until I’m retired in abo...
by Osterix
Thu Sep 24, 2020 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 0.8% to 0.6%
Replies: 119
Views: 11491

Re: Ally Bank savings interest rate dropping from 0.8% to 0.6%

The yield on an EF is insignificant. Sure, it was great to get a higher yield when available, but that’s just not the current environment. It is what it is.
by Osterix
Thu Sep 24, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 278
Views: 32061

Re: What is your favorite reasonably priced bourbon?

Taz wrote: Tue Sep 22, 2020 7:34 pm
wfrobinette wrote: Tue Sep 22, 2020 3:04 pm Never met a regional BBQ I didn't like.
You might have to reconsider that statement if you ever try Alabama white BBQ sauce.
Alabama white sauce is amazing!
by Osterix
Thu Sep 24, 2020 7:56 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 278
Views: 32061

Re: What is your favorite reasonably priced bourbon?

I'm relatively certain that most Kentuckians feel that way, but the bourbon laws only geographic requirement is that it be made in the United States. So there can actually be a Texas bourbon, though I understand that Kentuckians may view it the way Texans view Kentucky barbecue. :D Your link didn’t...
by Osterix
Thu Sep 17, 2020 7:53 pm
Forum: Personal Consumer Issues
Topic: what do others pay for umbrella insurance, and is it needed?
Replies: 58
Views: 4879

Re: what do others pay for umbrella insurance, and is it needed?

I also have State Farm and pay twice that for the same amount. Maybe because I’m double your age? Also own my house. State Farm does not surcharge older drivers on its umbrella policy. It only surcharges younger drivers below the age of 25. State Farm also does not charge for home ownership. The um...
by Osterix
Thu Sep 17, 2020 7:51 pm
Forum: Personal Consumer Issues
Topic: Suggestions on how to spend $300 work exercise equipment credit
Replies: 16
Views: 1369

Re: Suggestions on how to spend $300 work exercise equipment credit

Please see Charles Barkley and the Shake Weight.
by Osterix
Tue Sep 15, 2020 6:44 pm
Forum: Personal Consumer Issues
Topic: what do others pay for umbrella insurance, and is it needed?
Replies: 58
Views: 4879

Re: what do others pay for umbrella insurance, and is it needed?

$595 per year for $5 million. Through State Farm. I also have State Farm and pay twice that for the same amount. I’m 33, spouse 32, one toddler, rent a home, don’t own a boat or pool, live in Florida, both cars insured with State Farm and increased bodily injury to $250,000/$500,000 to get the umbr...
by Osterix
Sat Sep 05, 2020 7:05 am
Forum: Investing - Theory, News & General
Topic: Cash Covered Puts instead of High Yield Savings for Cash
Replies: 79
Views: 6072

Re: Cash Covered Puts instead of High Yield Savings for Cash

Lets say I keep about 50K in cash in a High yield savings account. In a way, this is my emergency fund. But I'm at a stage of life where I can replete essentially 80% of my emergency fund with a months paycheck. Which begs the question, do I truly need this cash just sitting around? Getting 1.1% fo...
by Osterix
Sat Aug 29, 2020 9:51 pm
Forum: Personal Investments
Topic: What to do with unused emergency fund?
Replies: 39
Views: 3520

Re: What to do with unused emergency fund?

My wife and I have two joint reward checking accounts that pay >2% interest on a combined 5 figure sum. Each account gets direct deposits and gets logins from a budgeting app automatically. To complete requirements, I spend 5 minutes each month buying twenty 50 cent amazon gift cards with debt card...
by Osterix
Sat Aug 29, 2020 6:44 pm
Forum: Personal Investments
Topic: What to do with unused emergency fund?
Replies: 39
Views: 3520

Re: What to do with unused emergency fund?

Use it to earn bank bonuses, or do one of those annoying rewards checking accounts that pay 3%. Personally I would just do the bonuses. OR... if your taxable account is large, you can roll like whodidntante. Open an account at Interactive Brokers for a 1k bonus and use your "emergency fund&quo...