Search found 227 matches

by adam1712
Sat Jul 25, 2015 10:55 am
Forum: Investing - Theory, News & General
Topic: Mortgage as a reverse-bond technique
Replies: 36
Views: 1698

Re: Mortgage as a reverse-bond technique

... OUR STRATEGY: We are setting aside the bond portion of our retirement savings as extra payments on the mortgage. We have a complicated method of computing that (based on her age), but suffice it to say that it is a set amount that increases by 1% per year. We are still maxing out both 401k acco...
by adam1712
Fri Jul 17, 2015 9:47 am
Forum: Investing - Theory, News & General
Topic: Pros and cons of adding Roth Option to 401K Plan
Replies: 94
Views: 5640

Re: Pros and cons of adding Roth Option to 401K Plan

I was a 401(k) committee member. We decided NOT to have a Roth 401(k) option. The reasons were: 1. Workers who had low enough incomes to benefit from a Roth option should use a Roth IRA instead. Workers who have low enough incomes that can max the Roth IRA should contribute to the traditional 401(k...
by adam1712
Tue Jul 14, 2015 2:35 pm
Forum: Personal Consumer Issues
Topic: VRBO illegal rental [Vacation Rentals by Owner]
Replies: 53
Views: 5292

Re: VRBO illegal rental [Vacation Rentals by Owner]

4th Amendment? Yeah, you should always heed the legal advice of someone who does not even know which Amendment applies. Also, why not talk to the police, unless you have done something wrong! Because if you talk to the police, they might find out that you have done something wrong that you are unaw...
by adam1712
Tue Jul 14, 2015 2:16 pm
Forum: Personal Consumer Issues
Topic: VRBO illegal rental [Vacation Rentals by Owner]
Replies: 53
Views: 5292

Re: VRBO illegal rental

denovo wrote:
4nursebee wrote:In the future exercise your 4th amendment rights and shut up when talking to the police.



5th


Well, if the police say they want to hang out at your vacation quarters, maybe it's the 3rd. I've always wanted to invoke my 3rd amendment rights.
by adam1712
Sun May 31, 2015 7:46 pm
Forum: Personal Consumer Issues
Topic: How to furnish a new residence, completely from scratch
Replies: 35
Views: 3300

Re: How to furnish a new residence, completely from scratch

My general strategy is go reasonably nice or go cheap. The worst is being stuck with mid to low quality furniture you bought just to fill space but you don't really like. I started out with a nice couch but then just a couple cheaper folding chairs and IKEA chair. Same with the bedroom, a nice dress...
by adam1712
Sun May 10, 2015 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 822

Re: Keep taxable for TLH?

As long as the money is saved for retirement, you should pay capital gains to make 401(k) or IRA contributions. You will have to pay the capital gains anyway, and getting the money into a retirement account makes all future growth tax-free (Roth) or effectively tax-free or better (traditional accou...
by adam1712
Thu May 07, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 822

Re: Keep taxable for TLH?

What I am having the most trouble wrapping my head around is the tax difference between paying 15% tax on Roth contributions versus making Traditional contributions with income that would have been taxed at 25%. But maybe it's not worth trying to figure out. In this situation, you should contribute...
by adam1712
Thu May 07, 2015 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 822

Re: Keep taxable for TLH?

Thanks for the replies. I am probably underestimating the value of retirement accounts with current qualified dividends and cap gains being taxed at 0%. Hopefully that switches at some point (maybe about 5 years). What I am having the most trouble wrapping my head around is the tax difference betwee...
by adam1712
Wed May 06, 2015 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Keep taxable for TLH? [Tax Loss Harvesting]
Replies: 7
Views: 822

Keep taxable for TLH? [Tax Loss Harvesting]

The past couple years I've been selling some of my taxable account to max out retirement accounts but I'm debating about whether to slow down. I currently have about $50k left in taxable. I keep kind of hoping I might end up with a capital loss so I can offset $3000 in income per year. Does anybody ...
by adam1712
Wed May 06, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Aging parent not interested in setting up POA etc
Replies: 26
Views: 3167

Re: Aging parent not interested in setting up POA etc

It may be easier for her to talk about what will happen when she's dead than what to do if she's incapacitated. And really the most important thing is getting the information. Such as what accounts and assets she has. Then it's also important to know her end of life wishes. Not having the legal docu...
by adam1712
Tue May 05, 2015 5:26 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants to excavate shallow water hole common to both properties
Replies: 31
Views: 2807

Re: Neighbor wants to excavate shallow water hole common to both properties

I would definitely consider ways to exchange property so only one of you was responsible for the pond. And I would be generous with the negotiations, 16.5 acres with a happy neighbor would be worth more to me than 17 acres with an unhappy neighbor. I would also look into what resources are available...
by adam1712
Mon May 04, 2015 9:30 am
Forum: Personal Consumer Issues
Topic: Will you buy self-driving car?
Replies: 235
Views: 12085

Re: Will you buy self-driving car?

toto238 wrote:My question is when are they going to stop making cars with windows?


A car without windows sounds awful. I don't think I could ride in one without getting motion sickness.
by adam1712
Sat May 02, 2015 9:48 am
Forum: Investing - Theory, News & General
Topic: Annuities: Bad in principle or practice?
Replies: 75
Views: 4627

Re: Annuities: Bad in principle or practice?

all variable annuities (and all whole life policies) are ’" a kind of a giddy harumfrodite" that mixes together, usually badly, investment and insurance objectives. They are obscure and carry high fees and commissions for the sellers. So is it the obscurity and high fees that make them ba...
by adam1712
Tue Apr 14, 2015 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Don't come to Europe with a new chip and sign credit card
Replies: 62
Views: 10898

Re: Don't come to Europe with a new chip and sign credit car

On the Chase Sapphire site I ran across this in the Q&A: Q. What if my chip-enabled credit card isn’t working at an unattended kiosk while abroad? A. If the kiosk is asking you for a PIN, you may be able to select one of the following to bypass the PIN prompt: “Cancel,” “Enter” or “Continue.” If...
by adam1712
Tue Apr 14, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 12346

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Yes Q2. Do you know their net worth? Yes Q3. How does knowing one's net worth affect family rela...
by adam1712
Fri Apr 03, 2015 1:17 pm
Forum: Investing - Theory, News & General
Topic: Have P/E Ratios Affected Your Asset Allocation?
Replies: 52
Views: 3152

Re: Have P/E Ratios Affected Your Asset Allocation?

Here's a new (I think it's new anyway.) one for you... just because you wondered. To put it in perspective, I'm three years retired and in drawdown @ 3%. I have four slices of equities in taxable; Total US, Total International, SV and Small International). I pegged the $ value of those four funds t...
by adam1712
Fri Mar 27, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Completed taxes, need to file new Fed & State W4
Replies: 10
Views: 828

Re: Completed taxes, need to file new Fed & State W4

If your income is pretty steady and tends to be rising, I find it easiest to just try to withhold an amount equal to the previous year. I believe the safe harbor where no penalty applies is equal to 100% of last year's tax or 90% of this year's tax (although I think different income levels may be di...
by adam1712
Fri Mar 13, 2015 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 14616

Re: Dip? What Dip? Did you catch it?

Seems like an actionable dip should at least offer a better price than I got two months ago. Two examples of that: VNQ was actionable: 2015=03-06 80.37 (lowest closing price YTD) Down 3.32% that day which was the worst one-day drop in previous 300 trading days that I looked at.) VWO 2015-03-10 39.1...
by adam1712
Thu Mar 12, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 14616

Re: Dip? What Dip? Did you catch it?

It was definitely not noise. No, it definitely was normal background market noise that will not even be visible on a long term plot. I'll agree to disagree. OK, what level of a dip would not be considered normal background market noise to you? 6 sigma? 10 sigma? Something else? Seems like an action...
by adam1712
Sun Mar 08, 2015 7:00 pm
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 3686

Re: Home workouts and motivation

It's not for everybody, but I started playing video games while riding an exercise bike. It's made a big difference for me in terms of not slowing down on days when I'm less motivated.
by adam1712
Fri Feb 27, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: How to hedge a 5/5 ARM?
Replies: 20
Views: 2816

Re: How to hedge a 5/5 ARM?

I think it's also important to consider you don't have to save the same amount for retirement every year. Depending on your retirement match, taxes, ability to max retirement accounts, I think there can be good opportunities to save more for retirement when the time is right and pay off more in the ...
by adam1712
Fri Feb 13, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Lay-off; Not quite ready to retire; Please Help?
Replies: 20
Views: 4451

Re: Unexpected Lay-off; Not quite ready to retire; Please He

I think if I was in this situation I'd think outside the box. There's several jobs I think would be fun and interesting but chose not to pursue because of the lack of career advancement, travel, or irregular hours. Depends on the family situation but I'm assuming no young children. With a marketing ...
by adam1712
Sat Feb 07, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How to make this fair: gifting to kids with different means
Replies: 108
Views: 9989

Re: How to make this fair: gifting to kids with different me

In my experience, it's impossible to be perfectly fair. For my two siblings and me, things improved when my parents dropped the idea of some ledger that equaled out. Instead seeking to help out when they saw the opportunity and being open and honest about their intentions and reasoning. This showed ...
by adam1712
Sat Jan 31, 2015 12:36 pm
Forum: Personal Consumer Issues
Topic: Assisted Living Facilities... Weird 'Atmosphere...'
Replies: 34
Views: 4612

Re: Assisted Living Facilities... Weird 'Atmosphere...'

I noticed the very quiet atmosphere in the communal dining room at my grandma's assisted living. The thing I came to realize is that some tables (and there was definitely difference between tables based on capacity) visited before or after the food was served but when the food arrived it was eating ...
by adam1712
Sat Jan 31, 2015 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: How Will You Complete Your 2014 Taxes?
Replies: 69
Views: 5509

Re: How Will You Complete Your 2014 Taxes?

I'll be using OnLine taxes (olt.com) again since I can file NY state tax for free. It's not as fancy as some of the other software but it supports all the forms. I kind of see it as intermediate between filing by hand and interview style tax software. In some ways I prefer that since sometimes I fin...
by adam1712
Sun Jan 25, 2015 12:50 pm
Forum: Personal Consumer Issues
Topic: Reliability of LED televisions?
Replies: 18
Views: 1555

Re: Reliability of LED televisions?

I've have 4 or 5 LCD/LED TVs. I use a couple as TVs and the others as primarily computer monitors. No problems with any of them for over 4 years. Four of them are Samsung and one is a Dell. I don't think the Smart TV features affect reliability to any significant extent since they're implemented in...
by adam1712
Fri Dec 19, 2014 6:12 pm
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 1530

Re: Denver area ski in/out lodging?

Two things: 1) In several of those maps it looks like your overestimating the walking distance by going to the bottom of the lift versus the closest point on the ski trail. I also tagged generously from the property starts. And, regardless of the error in my measurements, your comment is immaterial...
by adam1712
Thu Dec 18, 2014 8:09 am
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 1530

Re: Denver area ski in/out lodging?

Two things: 1) In several of those maps it looks like your overestimating the walking distance by going to the bottom of the lift versus the closest point on the ski trail. 2) That said, the ski in/out places I've stayed (only 3) generally did require a little more walking and/or stairs than the res...
by adam1712
Mon Dec 01, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best age to give a young person a gift?
Replies: 21
Views: 2196

Re: Best age to give a young person a gift?

Every individual is different and there's no right answer. I will say that in part because of financial gifts from my parents I followed my passion and took a riskier career path out of college. It's worked out very nicely for me and I don't know if I would have had the confidence to do it without t...
by adam1712
Mon Nov 10, 2014 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring Parents Set in Risky Ways
Replies: 46
Views: 5750

Re: Retiring Parents Set in Risky Ways

Have they mapped out how much they will need in retirement? It may be possible to convince them that they should maintain a bucket of something like 5 years of expenses in safe investments. I think having a plan to continuously sell some in advance that you know you're going to need to pay taxes on ...
by adam1712
Sat Oct 18, 2014 8:06 am
Forum: Personal Consumer Issues
Topic: Kids & Sports
Replies: 26
Views: 2635

Re: Kids & Sports

... We’re not crazy about our pediatrician overall and maybe I shouldn’t expect much because he’s only been there for annual visits. He’s the type of guy that you ask for an opinion and he can’t just boil it down..he just drones on and on and you almost hesitate to ask him anything else because he’...
by adam1712
Wed Oct 01, 2014 7:52 pm
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5884

Re: Buying more when markets are down

For people wondering where the extra money comes from, one thing I've done in the past is stop making extra payments on my mortgage when the market is down. But I didn't do it based on a down couple days, only when the market was down significantly as part of my re-balancing plan. I currently rent b...
by adam1712
Sun Sep 28, 2014 1:06 pm
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 96
Views: 7966

Re: rebalancing conundrum/paradox/irony

I think you've hit on a key point about glidepaths of asset allocation. If somebody has 30 years to invest and wants to invest in stocks and some 0 risk asset, the optimal way to do it is to always have the same amount invested in stocks every year. Taking gains off the table when stocks go up and b...
by adam1712
Thu Sep 25, 2014 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1591

Re: Should I get a HSA? (Health Savings Account)

If you get an HSA plan, the deductible and out of pocket maximum would most likely be higher. So when you use health care, your costs will likely be more. The advantage is that the monthly premium you pay will be less, so costs will be less when you don't use health care. HSA plans are best financia...
by adam1712
Thu Sep 25, 2014 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1591

Re: Should I get a HSA? (Health Savings Account)

It's still not clear, do you have a HSA elgible health insurance plan now? The first step is to figure out what health insurance plan is best for you. For the HSA account itself once you have HSA elgible health insurance, the first place is to look at is what is offered through your work. Getting yo...
by adam1712
Fri Sep 19, 2014 7:45 pm
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 12668

Re: We have a grocery problem... [Household budget]

My two suggestions are: 1) Be realistic. I find it easy to be overly optimistic at the grocery store and then life gets busy and I want a quicker prepared meal and things go to waste. 2) I apologize if I'm reading too much into this but it sounds like there may be some friction over deciding on meal...
by adam1712
Sat Sep 13, 2014 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2539

Re: Gifting planning for upper 60s widowed.

IMO, the big thing to be thinking about is the required minimum distributions (RMD) from the large Traditional IRA at age 70 1/2 that it appears won't be needed for current expenses. There should be no need to gift from currently held accounts. The parent should be able to gift from cash flow from S...
by adam1712
Sat Sep 06, 2014 10:41 am
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 11590

Re: Vanguard Lost $50k

Obviously this is concerning, but based on the story I'd be 99% sure it was a banking transaction error and not fraud. The chances of the bank and Vanguard not being able to make you whole I'm guessing are slim. I would not complicate matters by threatening or taking money out of Vanguard right now....
by adam1712
Mon Aug 04, 2014 10:02 am
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 3633

Re: Changing cost basis from Average Cost to Specific ID

This is not correct, without some clarification. You can never go back for sales you made in the past; you can go back for sales you never made in the past. The term prospective in the regs is in terms of sales. Vanguard doesn't report purchases to the IRS; Vanguard reports sales to the IRS (or not...
by adam1712
Mon Aug 04, 2014 9:39 am
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 3633

Re: Changing cost basis from Average Cost to Specific ID

... Suppose you have both covered and noncovered shares of a mutual fund and Vanguard, as always, defaults the status of all these shares to "average cost". Also suppose you have never sold any of these shares. I believe there should be no need to revoke anything since you have not electe...
by adam1712
Wed Jul 30, 2014 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 6001

Re: Principal Residence = Poor Investment?

Here's the easiest way for me to think about it: Option 1) Own a $600,000 house Option 2) Own a $300,000 house and another $300,000 house that you rent out The expenses and appreciation should be about the same but in one case the rental income is $0, the other it's more. It's basically impossible f...
by adam1712
Tue Jul 29, 2014 9:53 am
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 29
Views: 2719

Re: retirement savings for my young kids?

I would be putting all towards your own retirement now. Then when your kids are older you can cut back on your personal retirement savings and direct part of the income you earn towards their college expenses, matching their savings, etc. Money is fungible. I think this is by far the most flexible a...
by adam1712
Sun Jul 27, 2014 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 6127

Re: Old people and financial advisors - a family tale

I think trying to get your relative to move the money from the adviser would be a difficult battle that isn't worth it, but my goal would be to get the adviser to move to more conservative investments. I think that's the thing that would make your relative the happiest, continuing to use the adviser...
by adam1712
Sat Jul 19, 2014 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1292

Re: Transfer of assets to child. Tax strategy

The biggest challenge I see is your daughter will have an interesting Traditional vs. Roth decision to make during residency. At current tax brackets in 2013 (filing single/standard deduction) she is in the 15% tax bracket up to $46250 and capital gains are taxed at 0%. So most of the capital gains ...
by adam1712
Sun Jul 13, 2014 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting Strategy Questions
Replies: 13
Views: 850

Re: Tax Gain Harvesting Strategy Questions

You don't state if you're doing this, but it'd be wise to be maxing out your retirement accounts. Preferably a Roth if it's available to you. You can do this by tax gain harvesting funds to live off and then increasing your retirement contributions.
by adam1712
Sat Jul 12, 2014 8:28 pm
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3537

Re: Why so afraid to "lose" money?

Have you personally lost any serious money yet yourself? My investments went down in both 2000 and 2008. I don't know if I'd call it serious money. It was less than I have now but as long as I know my net contributions for the year are going to be positive, I don't think I have much to worry about....
by adam1712
Sat Jul 12, 2014 4:50 pm
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3537

Re: Why so afraid to "lose" money?

I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. But in the accumulation stage of life, I don't really get this approach. I've always taken the approach of having one asset allocation for all my accounts. I...
by adam1712
Sat Jul 12, 2014 4:42 pm
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3537

Re: Why so afraid to "lose" money?

Why so afraid to "lose" money? I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. If you have a goal that requires you come up with cash within 5 years and you can save the money to accomplish this ...
by adam1712
Sat Jul 12, 2014 4:22 pm
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3537

Re: Why so afraid to "lose" money?

If you took the money out in 2008, you would have basically "paid" about $12,000 or so to take out that $6,000. Your car would have cost you $6k more than it did. Not a good tradeoff. Of course, the opposite can also happen, but you need to have the risk tolerance for that. Many people do...

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