Search found 517 matches

by amitb00
Sat Apr 17, 2021 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 8
Views: 326

Re: Accessing College Financial Aid for Higher Income Households

Are you saying that your in laws adapt their grand kids? Seems unlikely it will fly. It may have other legal consequences since it is done solely for tuition avoidance.
by amitb00
Mon Apr 05, 2021 10:20 pm
Forum: Personal Consumer Issues
Topic: No foreign fee, reimburse atm fee cards besides Schwab?
Replies: 33
Views: 2064

Re: No foreign fee, reimburse atm fee cards besides Schwab?

I have Ally card. They say they reimburse nationally but in my experience, ATM fees was reimbursed in Canada, India, UK, Germany, Peru, Costa Rica and many other places. They reimburse upto $10 in any statement cycle. They can be good back up. BTW when I put travel notification, they say they won’t ...
by amitb00
Fri Jan 22, 2021 5:50 am
Forum: Personal Investments
Topic: Chard Snyder HSA
Replies: 2
Views: 347

Re: Chard Snyder HSA

Thanks asif408 for the response.
Chard Snyder responded back in email and told me there is no fees by them on partial Trustee to Trustee transfer. In this case I will use this and transfer cash to Lively on regular basis.
by amitb00
Tue Jan 19, 2021 9:55 pm
Forum: Personal Investments
Topic: Chard Snyder HSA
Replies: 2
Views: 347

Chard Snyder HSA

My company changed HSA administrator to Chard Snyder this year. Chard Snyder uses Healthcare Bank. My payroll contributions will go here now. My previous HSA is at Lively. I have three choices: 1. Use Chard Snyder investments. 3K needs to be in cash. When my company leaves them or I leave company, I...
by amitb00
Sun Jan 17, 2021 4:17 pm
Forum: Personal Consumer Issues
Topic: What to do with Amazon gift cards?
Replies: 37
Views: 5526

Re: What to do with Amazon gift cards?

They are good gifts. So on different occasions like birthdays, Christmas you can give them away as gifts.
by amitb00
Sun Jan 10, 2021 2:58 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 39325

Re: What kind of car do Bogleheads like to drive?

I drive Tesla. One of the first ones to buy in 2014. Loved it.
My other car is Honda Odyssey. I have owned Honda Accord and Nissan Altima in past.
I do drive them until they are done and don’t change cars frequently. I will replace Odyssey with Tesla Model X some time in future.
by amitb00
Sat Jan 02, 2021 3:52 pm
Forum: Personal Investments
Topic: RMD @ 72 seems quite high according to calculator
Replies: 182
Views: 11189

Re: RMD @ 72 seems quite high according to calculator

For folks who can retire early, it is better to start converting 401k, tIRA etc to Roth before you get SS or RMD. This way you can minimize on taxes.
by amitb00
Fri Jan 01, 2021 4:56 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582758

Re: What are you up YTD? [Year To Date]

16% Includes effect from contributions as well.
by amitb00
Fri Jan 01, 2021 4:50 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12531

Re: The Case Against 529's

529s have worked very well for me. I have three kids. Two are in grade 7 and 9. One is in integrated 8 year MD program aka PLME at Brown University in her 5th year. Total cost of attendance 600K. I probably put in 450k or so in her 529 and hopefully will be able to take 600k out (already took out 46...
by amitb00
Thu Dec 31, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: 401k Employer matching
Replies: 10
Views: 430

Re: Advice: 401k Employer matching

Typically it is percentage of your salary of you contribute over a certain percentage of your salary. So depending on your salary and percentage contribution, you may be able to contribute through out and get 4% back in later part of year.
by amitb00
Sat Dec 26, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Turbotax on Sale Today Only
Replies: 103
Views: 8916

Re: Turbotax on Sale Today Only

If you are T Roweprice customer, you can get TurboTax deluxe online version free and premier online version for $10.
by amitb00
Wed Dec 23, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save for 529 plan?
Replies: 24
Views: 2380

Re: How much to save for 529 plan?

Private schools cost of attendance is 70k per year. For 4 year program current expense is little less than 300k.
by amitb00
Mon Dec 07, 2020 7:16 am
Forum: Personal Investments
Topic: Short Tesla?
Replies: 93
Views: 6658

Re: Short Tesla?

I seldom think this way, but almost 5 years ago I paid a 6 digit number for my Model X. If I had bought TSLA with that money ... I miss Dan Mahoney. I hope he got out without mortal wounds. I bought my Model S 6 years back in 6 figures. I was also talking to few friends last week and was saying if ...
by amitb00
Fri Dec 04, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking Networth and performance
Replies: 5
Views: 807

Re: Tracking Networth and performance

Personal Capital is free. Quicken is another popular one.
by amitb00
Thu Dec 03, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Issue - Cash Flow?
Replies: 9
Views: 774

Re: Personal Capital Issue - Cash Flow?

I am having same issue.
by amitb00
Tue Nov 24, 2020 4:46 pm
Forum: Investing - Theory, News & General
Topic: When will DJIA hit 100,000?
Replies: 32
Views: 2179

Re: When will DJIA hit 100,000?

Assuming it doubles in 6-8 years, you are looking 15 years from now.
by amitb00
Sun Nov 01, 2020 6:55 am
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27818

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

To give an idea about expense: My daughter was lucky to be selected in 8 year PLME program at Brown University. This is hyper competitive program after high school with guaranteed admission to MD at Brown. Only Ivy League to have an integrated MD program. Now the cost; Undergrad was around 70K time...
by amitb00
Sat Oct 31, 2020 1:13 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 439
Views: 27818

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

To give an idea about expense: My daughter was lucky to be selected in 8 year PLME program at Brown University. This is hyper competitive program after high school with guaranteed admission to MD at Brown. Only Ivy League to have an integrated MD program. Now the cost; Undergrad was around 70K times...
by amitb00
Sun Sep 27, 2020 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 31
Views: 18332

Re: Fidelity HSA - Account Closed (Risk Department)

Many institutions close account if they believe that you have used account for financial criminal activity- like money laundering, receiving or making payments for illegal activity. They have to go through a lot of paper work to respond to authorities if it happens. So proactively close the accounts...
by amitb00
Sat Aug 22, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What happens with additional mortgage payment?
Replies: 6
Views: 884

Re: What happens with additional mortgage payment?

To make calculations easy to understand. If you make it on same day as your regular payment day, entire extra amount will go to principal since interest is already paid by regular payment for that period. If you do on a different day, even if part of it pays interest, regular payment will pay less i...
by amitb00
Sun May 17, 2020 5:27 pm
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 505
Views: 126847

Re: South Florida Local Chapter

I live in Miramar (West of 75). I am also yet to attend one of the chapter meetings. Something work related has come up on last minute on last two occasions. Third time may be charm.
by amitb00
Sat Apr 04, 2020 11:54 am
Forum: Personal Investments
Topic: At what point does a fund's performance history vs index matter?
Replies: 29
Views: 776

Re: At what point does a fund's performance history vs index matter?

I came to know about Fairholme fund. It will proudly say it has beaten SP500 for 15 years by 300%. I put some money. For two years it did good. Then it started lagging and that too big time. Last year I got out completely by being there for over 10 years and lost money in that fund. YMMV
by amitb00
Tue Mar 31, 2020 10:30 pm
Forum: Investing - Theory, News & General
Topic: Why do different total market and SP500 funds have different NAVs?
Replies: 8
Views: 500

Re: Why do different total market and SP500 funds have different NAVs?

One may have 1000$ asset in 100 units so each is 10$. Other may have 1 m dollar asset in 10000 units and each unit is 100$. Does it answer?
by amitb00
Tue Mar 31, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: Why do different total market and SP500 funds have different NAVs?
Replies: 8
Views: 500

Re: Why do different total market and SP500 funds have different NAVs?

What matters is their performance which will be same.Absolute value does not matter. It is like 20 $ vs 10 $ bills. You can keep your 100$ in 5 20s or 10 10s. Same thing here bw VTI vs SPTM vs ITOT.
by amitb00
Fri Mar 27, 2020 6:54 pm
Forum: Personal Investments
Topic: Fidelity commission-free ETF
Replies: 10
Views: 909

Re: Fidelity commission-free ETF

Most brokers now allow commission free trades for all ETFs and stocks. So commission should not figure in decision anymore.
by amitb00
Wed Mar 25, 2020 9:05 pm
Forum: US Chapters
Topic: Livesoft reaches 70,000 posts!
Replies: 31
Views: 2994

Re: Livesoft reaches 70,000 posts!

Great Livesoft. Keep sharing.
by amitb00
Wed Mar 25, 2020 7:19 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65694

Re: So bottom is probably behind us....right?

I feel there is lot more downside. We will see 50% overall decline from peak for all three major indices.
I am long and staying course. Hoping all it will pass sooner than later. All stay safe, Amit
by amitb00
Mon Mar 23, 2020 4:39 pm
Forum: Personal Investments
Topic: Stay the course - options in a down market
Replies: 4
Views: 406

Re: Stay the course - options in a down market

If you are sure it is going to go down, why to be just on side lines. Short the index and make some money.
In reality none of us know. I will ride it out. Good luck everyone whatever you choose to do.
by amitb00
Sun Mar 22, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: Why do people keep saying you have to be right twice?
Replies: 213
Views: 8030

Re: Why do people keep saying you have to be right twice?

If you don’t want to be back in market, you can sell and you are ok, assuming you profited. However if you finally want to be invested but are concerned that market will fall, you need to make two transactions. One to sell and other to buy. If you sell at bottom, you lost . If you sold, you need to ...
by amitb00
Sat Mar 21, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: "3 Charts That Show Why Investors Should Stay the Course Throughout Market Turmoil"
Replies: 31
Views: 5029

Re: "3 Charts That Show Why Investors Should Stay the Course Throughout Market Turmoil"

SandysDad wrote: Sat Mar 21, 2020 6:45 am Other than potential tax consequences, why not sell now, and buy back in for less later this year?
If one knows stocks will be down, why not short them and make money. It is not a done deal that will be down in a month.
by amitb00
Wed Mar 18, 2020 7:49 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 27858

Re: Why are people selling? Disappointed in people here...

My SIL just exchanged all of her equity positions for bond funds in her retirement account. What?????? She told us "after" she did it then remembered she should've asked us first. . . . .. too late. . . . :shock: j :happy If it is retirement account it is not too late. You can ask and con...
by amitb00
Fri Mar 13, 2020 7:04 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 27208

Re: Who is staying course and how are you dealing with net worth going down?

My portfolio is down 700K. Not a pleasant experience. Having said that my regular monthly investments are happening as usual. My belief is it will come back. May be it means couple of years of extra working. Thanks, Amit
by amitb00
Sun Jan 26, 2020 8:43 am
Forum: US Chapters
Topic: South Florida Local Chapter
Replies: 505
Views: 126847

Re: South Florida Local Chapter

Have a good one. I will have to miss because of a personal commitment out of town. Hoping to join next time.
by amitb00
Thu Jan 23, 2020 6:38 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 29210

Re: Sad news: LadyGeek's husband has passed

Deepest condolences on your loss. May departed soul RIP and you have courage to go through this tough time.
by amitb00
Thu Jan 02, 2020 1:02 am
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 11181

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

Made IRA contribution at 6 pm on 1-Jan.
by amitb00
Sun Dec 15, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Q4 category - how to use? [2019]
Replies: 55
Views: 37574

Re: Chase Freedom Q4 category - how to use? [2019]

Both me and my wife have PayPal accounts. I pay to her account using Chase Freedom/Discover card around $1460. I pay ~42 in commission and get 75 as reward. This means ~33 dollars for making a transfer.
Did I say I have three freedom and three discover cards. So make around $100 in Q3 and Q4 😀
by amitb00
Sun Dec 15, 2019 8:48 pm
Forum: Personal Investments
Topic: How much in 529 is enough to fund college?
Replies: 114
Views: 11246

Re: How much in 529 is enough to fund college?

My daughter is in 8 year medical program aka PLME at Brown University - an Ivy League school. Ivies only offer need based aid and so we are paying sticker price. Cost in undergrad is 75k every year and in med school I am assuming 80-85K every year. You are talking about 600K expense. So upper limit ...
by amitb00
Sun Dec 01, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is The Value of Your Net Worth Important to You?
Replies: 74
Views: 6853

Re: How Much Is The Value of Your Net Worth Important to You?

Basically what OP wants to say that NW should be so high that increase every year should be more than what you withdrew. This way NW never goes down. Seems like perpetual withdrawal amount, stated in a different way.
by amitb00
Sun Dec 01, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: High income and college costs question
Replies: 317
Views: 15440

Re: High income and college costs question

And she is an excellent student with tons of extracurricular activities. A model student even at Brown.
by amitb00
Sun Dec 01, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: High income and college costs question
Replies: 317
Views: 15440

Re: High income and college costs question

My daughter goes to Brown university in their 8 year medical school program aka PLME. She is a senior in undergrad. We are paying sticker price (75K every year). YMMV, Amit
by amitb00
Sat Aug 31, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 829

Re: How to make SWIFT payment inexpensively

Great responses and helps me. Yes, price is quoted in US Dollars. I have Fidelity account as well as Vanguard. I will use Fidelity since they are completely free. I will try and let you know how it went.
by amitb00
Sat Aug 31, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: How to make SWIFT payment inexpensively
Replies: 10
Views: 829

How to make SWIFT payment inexpensively

I am organizing for a large alum group (80!persons) an African Safari in 2020. This is with an agency in Tanzania who are friends of a friend of mine. This agency gave me SWIFT details for payments. Is SWIFT same as international wire? What will be the cheapest way to send money? There is time, so t...
by amitb00
Sat Jul 27, 2019 2:53 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 433
Views: 77547

Re: Roll Call for the Retirement Class of 2019!

As of 5:00 today, I’m officially retired. However, it didn’t happen as it does in the movies. My boss and I have worked together for many years and he has known for more than a few months today would be my last. I wanted to make sure there were no loose ends when I left. All my sales clients had be...
by amitb00
Mon Jul 08, 2019 9:09 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32864

Re: Americans believe they need $1.7 million, on average, to retire

5 m seems a more safe amount. Even if market falls, it will assure a decent income stream especially for early retirees.
by amitb00
Fri Jun 14, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: VTI declares lower dividend for Q2 2019
Replies: 6
Views: 2316

Re: VTI declares lower dividend for Q2 2019

For a Total Stock index Fund like VTI, it is not VTI call, how much is the dividend. If it is coming down, it is because underlying companies are paying less. It may be a good thing for those who want growth to come from appreciation.
by amitb00
Sat Jun 08, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 165
Views: 12920

Re: Quicken alternatives?

I have switched to Personal Capital. They are free and connect better to many institutions.
by amitb00
Thu May 30, 2019 7:36 pm
Forum: Personal Investments
Topic: Have RSUs. Should I enroll in ESPP too?
Replies: 26
Views: 1679

Re: Have RSUs. Should I enroll in ESPP too?

Enroll in ESPP. It is a benefit and you should not lose on benefit.