Search found 1729 matches

by Dulocracy
Fri Feb 05, 2016 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 82
Views: 4838

Re: Do you use the service of a CPA or you do your tax yourself?

I pay a CPA, and I am happy to do so. My CPA knows stuff that I would simply not think about. She is more than worth the money that I pay her.
by Dulocracy
Fri Feb 05, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: 401K, Roth, then what
Replies: 13
Views: 671

Re: 401K, Roth, then what

What if I plan to use this "leftover money" for a rental home or retire early? Then tell us that from the beginning. :twisted: Ok, teasing aside, jimb had great advice. Let me add to it. Not only does the tax advantage likely outweigh higher costs in a 401k, if you are in a field where yo...
by Dulocracy
Fri Feb 05, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

Absolutely fun before 50. My wife and I spent $20,000 on the honeymoon for three weeks in Japan. However, I saved for it as a separate goal. My point is to set aside savings for retirement first, and then set separate goals second, third, etc. I am all about enjoying life. I just prefer to make sure...
by Dulocracy
Fri Feb 05, 2016 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2627

Re: 45% of Income On Rent

Also, dont get so much furniture that you start needing two rooms. I inherited a bunch of furniture. **Edited to remove a long list of antique furniture that I started writing out mostly in amazement at how much stuff I am "forced" to keep** What can I throw away? Nothing, I feel like. I ...
by Dulocracy
Fri Feb 05, 2016 3:08 pm
Forum: Investing - Theory, News & General
Topic: Boglehead mentality re todays oil price
Replies: 15
Views: 1152

Re: Boglehead mentality re todays oil price

Because oil is a gamble. Oil prices are likely to stay low for some time to come. Oil companies are struggling, and over time, more and more of them will face financial trouble (particularly fracking type businesses). It may be a very long term play, and it could very well be that investing in an in...
by Dulocracy
Thu Feb 04, 2016 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Married Couples with Differing Investment Views
Replies: 2
Views: 519

Re: Married Couples with Differing Investment Views

Marriage is all about compromise! What I would do is to have him & her write down what they would like to happen. Then split the difference. He wants a 100% stock market portfolio. She wants a 50% stocks/50% bond portfolio. The compromise could be a 60/40 or a 70/30 portfolio. That way both sid...
by Dulocracy
Thu Feb 04, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

OK, Duloc, I will concede you make a good point, this diligent 17 y o OP should start learning to save now. But I would suggest a compromise. Rather than putting the $1000 towards his/her retirement, he/she should save for a trip to Europe after sophomore year. With any luck he/she can turn the $10...
by Dulocracy
Thu Feb 04, 2016 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment
Replies: 43
Views: 2345

Re: Saving for down payment

Allow me to share something about being greedy I learned as a kid from Pac-Man. Every time I got a super power pellet, I would try to time the ghost transition to get as many as I could before they changed back. Trying to skim the edge of time at the end got me killed more often than anything else. ...
by Dulocracy
Thu Feb 04, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: Why is this Bear wrong?
Replies: 12
Views: 1164

Re: Why is this Bear wrong?

Are you going to pile your money into gold bullion and stack it in the corner? Keep investing. Look at your asset allocation. Reduce the stock portion by 1/3. Are you ok? Is your heart fluttering? Decide what you can stomach in the way of loss based on your emotions and when you will need the money....
by Dulocracy
Thu Feb 04, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Should we really trust the market?
Replies: 20
Views: 2838

Re: Should we really trust the market?

peterinjapan wrote:Whenever I hear ideas that makes me alarmed during an election year, I'm reminded that certain groups want to make me alarmed to manipulate my emotions and presumably make me vote for their candidate.


+1
by Dulocracy
Thu Feb 04, 2016 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds not to buy according to this article
Replies: 19
Views: 2850

Re: Vanguard funds not to buy according to this article

Whoever put together that article did a horrible job with the pictures. I find the thumbs down and other blatant images like that to be both obnoxious and rude. It decreases the credibility of the author. I think of the article as being written by some first year journalism student who is impressed ...
by Dulocracy
Thu Feb 04, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2627

Re: 45% of Income On Rent

Also, dont get so much furniture that you start needing two rooms. I inherited a bunch of furniture. **Edited to remove a long list of antique furniture that I started writing out mostly in amazement at how much stuff I am "forced" to keep** What can I throw away? Nothing, I feel like. I h...
by Dulocracy
Thu Feb 04, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Real estate taxes on estate for heirs
Replies: 17
Views: 1187

Re: Real estate taxes on estate for heirs

... As far as the taxes, our law firm works with a CPA firm that handles estate tax matters. It is much less expensive for the client to use the CPA than have an attorney prepare the tax documents. That situation likely also varies from state to state. That can work if you supervise it in the same ...
by Dulocracy
Thu Feb 04, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

has me hopeful I like certainty. I also do not like advising someone just getting started to immediately jump into alternative strategies, however legitimate, that have the potential to derail that individual's plans and/or motivation to continue. As an example, I tilt small and value. I recommend ...
by Dulocracy
Thu Feb 04, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Saving for down payment
Replies: 43
Views: 2345

Re: Saving for down payment

In HCOL areas, it's possible that rent is the same as the mortgage payment (or rent may even be higher). Rents can also increase (and quite significantly if there's no rent control). At least mortgage payments are fixed and you can take a deduction for mortgage interest and property tax. If the job...
by Dulocracy
Thu Feb 04, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2627

Re: 45% of Income On Rent

Stay until your lease is up. Move to a cheaper apartment (either 1 bedroom or a cheaper complex).
by Dulocracy
Wed Feb 03, 2016 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

Again, that is a level of complexity that I would not advise an 18 year old to take. Either he/she is stable and can invest, or he/she is not stable and should keep it simple, stick to the basics, and read vexatiously. It is not that an 18 year old is not intelligent, but that someone who has not ye...
by Dulocracy
Wed Feb 03, 2016 7:45 pm
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 4968

Re: "Money in the stock market isn't real money"

you can't go invite a friend for dinner and two hours of looking at stocks. You don't know my friends. OP: My answer is simple. Money in the stock market is no longer "money". It is wealth, however. I can own real estate. I can rent that real estate out. It is a part of my wealth. It is n...
by Dulocracy
Wed Feb 03, 2016 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

Please note, I specifically mentioned assuming no tax drag from dividends, distributions, etc (let's pretend OP is forever in 15% marginal bracket, tax law doesn't change so 0% ltcg/qdiv and lives in a no income tax state). Still, you've pretty much confirmed that in most cases, Scenario 1 is bette...
by Dulocracy
Wed Feb 03, 2016 3:27 pm
Forum: Investing - Theory, News & General
Topic: How important is an international allocation?
Replies: 104
Views: 9927

Re: How important is an international allocation?

I read one study from Vanguard that said 30-40% international was optimal. I saw another that said 40-50. Both seemed trustworthy. I went with 40%. Do I expect the returns to greatly outperform? No. I figure the returns will be in the same ballpark. Why international? Diversification. If the US is d...
by Dulocracy
Wed Feb 03, 2016 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless college new grad 22 yo, 200k income looking to start saving
Replies: 143
Views: 10946

Re: Clueless college new grad 22 yo, 200k income looking to start saving

OP: You have received a lot of good advice, much of it cautionary. Realize that these people are speaking for your own good, not out of malice. This is a very supportive board, but your situation is a setup for failure. I am not going to try to talk you out of the girl of your dreams, whatever the r...
by Dulocracy
Wed Feb 03, 2016 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Muni bond ladder vs fund for large $$$$
Replies: 42
Views: 3108

Re: Muni bond ladder vs fund for large $$$$

Maintaining an active bond ladder requires analytical skills and a lot of work. How much time do you plan to spend on finding replacements for matured/called bonds? How about re-investments of income not needed for current consumption? Are you comfortable with reading official offering statements t...
by Dulocracy
Wed Feb 03, 2016 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

Just because the money is in Roth doesn't mean you have to invest it in mutual funds. Please note that I specifically used safe assets such as CDs, savings and myRA (similar to TSP G-fund) in my example for monies earmarked as emergency fund. I did not advocate putting e-fund money in equities or e...
by Dulocracy
Wed Feb 03, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate taxes on estate for heirs
Replies: 17
Views: 1187

Re: Real estate taxes on estate for heirs

New Jersey has an estate tax, with a $675,000 exempt amount. Since the house was the only asset, and it sold for under $200,000, there won't be any New Jersey estate tax. New Jersey also has an inheritance tax, though it won't apply if the estate passes to the spouse and children (and certain other...
by Dulocracy
Wed Feb 03, 2016 12:46 pm
Forum: Personal Consumer Issues
Topic: How to stop MS loading Windows 10?
Replies: 32
Views: 2474

Re: How to stop MS loading Windows 10?

My understanding is Microsoft won't give you the Win 10 offer to upgrade unless you have compatible hardware. Unfortunately, I do not think this is correct. I have a computer that I purchased just for banking. We only use it to access online banking, and we use it for nothing else. I agreed to upgr...
by Dulocracy
Tue Feb 02, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Unique Problem with Backdoor Roth IRA
Replies: 2
Views: 273

Re: Unique Problem with Backdoor Roth IRA

If you plan on continuing to do a Backdoor Roth IRA, keep it 100% Roth.
by Dulocracy
Tue Feb 02, 2016 3:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: Metro Atlanta Bogleheads?
Replies: 7
Views: 473

Re: Metro Atlanta Bogleheads?

I am in Newnan, but that seems somewhat distant from some of the people that have posted. If there are other central or south people, perhaps Buckhead would be a central location? If not, ignore me and party on.
by Dulocracy
Tue Feb 02, 2016 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate taxes on estate for heirs
Replies: 17
Views: 1187

Re: Real estate taxes on estate for heirs

It is very important to note that federal taxes are not all that apply. Some states have an inheritance tax (taxing the heirs). Some states have an estate tax (taxing the estate). Some wills require that taxes be paid from the estate (meaning that another state's inheritance taxes may come into play...
by Dulocracy
Tue Feb 02, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

protagonist wrote:
Dulocracy wrote:No. Do not listen to the devil. (Beelzebub is protagonist's signature)



*offering Dulocracy an apple.....*


Ok, I'll bite....
by Dulocracy
Tue Feb 02, 2016 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds, Bond Funds & CDs in Taxable Account I
Replies: 1
Views: 345

Re: Bonds, Bond Funds & CDs in Taxable Account I

First, I am not the most knowledgeable in the bond arena, but I do have a few comments (and I wanted to bump your thread for someone with more knowledge). I agree with all of your keep/sell notes. The not sures, my opinion is as follows: FVATX, NUVEEN VA MUNICIPAL BOND CL A, ER 0.8%, $40,441, -- -- ...
by Dulocracy
Tue Feb 02, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

Welcome!! OK, after all this input from your superego, here is the voice of your id speaking. You are 17. Do you have a ton of dispensible cash? Because if not, and you plan to be a starving student for the next 4 to 10 plus years like most of us were, maybe you want to spend your $1000 on whatever...
by Dulocracy
Tue Feb 02, 2016 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

For me, whether the Roth IRA is an ideal place for low growth assets while building up the e-fund is a non-issue given the alternative is to put $0 in Roth (or some negligible amount) while building up the e-fund. At the end of 4 years, if you had prioritized taxable over Roth, you would only have ...
by Dulocracy
Tue Feb 02, 2016 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Contribution by Retiree
Replies: 4
Views: 266

Re: IRA Contribution by Retiree

"You must have "earned income" To qualify for a Roth, you must have "earned income" in the year you want to make a contribution. Earned income is money paid for work you performed (or in the case of a small business, profit distributions from the business). This income inclu...
by Dulocracy
Tue Feb 02, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate taxes on estate for heirs
Replies: 17
Views: 1187

Re: Real estate taxes on estate for heirs

State law is very specific as to how estates are taxed. You will likely want to hire a CPA that handles estate taxes. It will cost you less money than the headache of dealing with it on your own.
by Dulocracy
Tue Feb 02, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2916

Re: Cost of home addition? Should I do it?

1) How much would something like this cost as an estimate? I'm guessing the room itself might be 300 SF and include the walk-in closet. As I said, we would use SF within the existing part of the house for the bathroom. That depends. What is the cost of labor in your area? What are building code req...
by Dulocracy
Tue Feb 02, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary "retirement"... any tips?
Replies: 9
Views: 735

Re: Temporary "retirement"... any tips?

[*] House mortgage: $4k/mo (PITI) at 3% [*] Budget: current: 9k/mo; expected during travel: 12k/mo[/list] To be clear, does the 9k/mo include the $4k/mo mortgage? If not, you may want to reconsider this plan unless you are absolutely certain that you can get a job when you return. Some questions: W...
by Dulocracy
Tue Feb 02, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone used LoanDepot for mortgage loans?
Replies: 1
Views: 260

Re: Anyone used LoanDepot for mortgage loans?

Have you tried speaking to a mortgage broker? I have a guy that I send all of my clients to. I get nothing from him, but he makes life easier and typically gets much better rates than any one bank would offer. He gets paid out of the marketing budget of the company that provides the mortgage. Gettin...
by Dulocracy
Tue Feb 02, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with Japanese wife's yen while living in the U.S.
Replies: 5
Views: 764

Re: What to do with Japanese wife's yen while living in the U.S.

It depends on laws by country, but if she is still a citizen there while holding residency in the US, she should be able to invest. I would not exchange the yen for the dollar right now. It would be better sitting in a low interest account than to take that loss.
by Dulocracy
Tue Feb 02, 2016 1:49 pm
Forum: Investing - Theory, News & General
Topic: Simple IRA's: Do Distributions factor into 3%?
Replies: 1
Views: 288

Re: Simple IRA's: Do Distributions factor into 3%?

After looking at retirement fund options, I am planning to do SIMPLE IRA for my s-corp where I have 3 employees besides myself. Suppose I want to set up 3% match. 1. If I paid myself $120k w2 (where 44k was in various taxes/medicare/ssi etc and take home was 76k) and also gave myself 180k distribut...
by Dulocracy
Tue Feb 02, 2016 1:39 pm
Forum: Personal Consumer Issues
Topic: Quibids.com
Replies: 7
Views: 937

Re: Quibids.com

The site winds up collecting much more money than what the item costs. It is a great site for the site owners. For every dollar in price, they have collected $60.
by Dulocracy
Tue Feb 02, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan refi - would you?
Replies: 15
Views: 914

Re: Student loan refi - would you?

Since you mentioned that you think she needs a cosigner because she is signed on to too many loans already: Could she qualify for this loan without your cosigning if you refinanced the car into your name only? Is your mortgage at the best rate you could reasonably get and if not, would refinancing ...
by Dulocracy
Tue Feb 02, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do I need?
Replies: 19
Views: 1292

Re: How much life insurance do I need?

Remember: "Do not need" does not equal "Is a bad idea." For the minimal investment in term life insurance, you are eliminating some personal deep risk. What if the death is associated with a car accident that creates a lifelong disability for your spouse or child? In absolute ter...
by Dulocracy
Tue Feb 02, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: 67% Expense Ratio?
Replies: 10
Views: 1907

Re: 67% Expense Ratio?

user5027 wrote:
Ask them if they will be as loose with the decimals on your dividend checks. :mrgreen:


I suspect that I know the answer, but it would be worth a try!
by Dulocracy
Tue Feb 02, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 40
Views: 3252

Re: Nearing retirement but annual contribution still very significant

TheTimeLord wrote:
We are saving more than 15% of income. Thanks to the Solo 401K, I can tax deferred more than 15%.


That is my point. You are doing better than most. That means your end of earnings contributions will have a bigger impact.
by Dulocracy
Tue Feb 02, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5068

Re: Physician buying an 850k vs 1.25m house

More important than the percentage of your income is the question: Can you still save 15-20% of your income for the future if you purchase this home?

I agree that you do not yet know if this is your dream job. You will not know that until 6mos to a year in.
by Dulocracy
Tue Feb 02, 2016 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 40
Views: 3252

Re: Nearing retirement but annual contribution still very significant

Your situation is obviously different. In most situations, 15% of income will not grow much or add much to a portfolio. In most situations, people are heavy bonds, so there is less opportunity for growth. In most situations, people do not have the good fortune that you have. I would set that money a...
by Dulocracy
Tue Feb 02, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retired - do you still save?
Replies: 24
Views: 1956

Re: Retired - do you still save?

I am not yet retired, but when I do retire, I will have determined that I have enough money. Therefore, it will be time to enjoy the money I have. Additional saving will not be necessary.
by Dulocracy
Tue Feb 02, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan: To refi or not to refi...
Replies: 9
Views: 935

Re: Student Loan: To refi or not to refi...

Take the lower interest rate. It is variable, so pay the extra $100 a month. White coat investor works well for any high income individuals, not just doctors. As two dorky engineers, you will likely be higher income. Let me give you advice from two dorky folk who also are high earners. Put as much a...
by Dulocracy
Tue Feb 02, 2016 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

As to minimum new investments: Most funds have a $100 minimum. Not having any target date funds, I did not realize that you could put in $1. Maybe Vanguard changed the minimums? I remember it being $100 for the Target Retirement funds, too, before. I just checked VTSMX (Total Stock Investor) and VT...
by Dulocracy
Tue Feb 02, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1682

Re: IRA Advice For 18yo

A Roth IRA is just a type of account. I think it's fine to use it as a container for an emergency fund. Just make sure the actual emergency fund money is located in safe assets. For example, someone only has $5K total available for savings in a year. That person can invest $1K for retirement in a Ta...

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