Search found 224 matches

by Good Listener
Tue Mar 28, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Auto Insurance as a Medical Resident - Switching states
Replies: 4
Views: 257

Re: Auto Insurance as a Medical Resident - Switching states

As the father of a daughter who had this issue, here is my advice.... It is not an issue for anybody unless you have an accident or claim. Then if you have done it incorrectly you are in trouble. Call them, be honest and ask.
by Good Listener
Tue Mar 28, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Continues Scheduled Reporting of Expense Ratio Changes; Announces Reductions on 15 Fund Shares
Replies: 5
Views: 1157

Re: Vanguard Continues Scheduled Reporting of Expense Ratio Changes; Announces Reductions on 15 Fund Shares

Wow. Thanks for sharing. I cannot believe that I have a portfolio of NJ bonds managed by professionals for 9 basis points. And my portfolio of US stocks that is indexed is 5 basis points. Thank you Vanguard and Jack. And Bogleheads for having great posters!!
by Good Listener
Mon Mar 27, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: NYS medicaid Pre 65 - no asset test?
Replies: 17
Views: 877

Re: NYS medicaid Pre 65 - no asset test?

It is true. You can be a billionaire. They base it on income. But the relative may not want Medicaid as many of the doctors he/she wants to see won't take it. In HCOL areas, nobody does. I remember helping my helpless sister on the phone when she enrolled for Obamacare the first time. Fortunately I ...
by Good Listener
Mon Mar 27, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 3745

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Do not forget to consider non-financial factors. I personally would never consider working for the government in my 35-40 years working for reasons I will not go into. Others, including my best friend, would only work for the government because of the limited hours and relatively stable situation.
by Good Listener
Mon Mar 27, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Expected Taxes Per Paycheck
Replies: 23
Views: 1336

Re: Calculating Expected Taxes Per Paycheck

FICA is not "deductible" from gross. You pay FICA and then income tax on the same money.
by Good Listener
Mon Mar 27, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Red light camera Fort Worth
Replies: 50
Views: 2666

Re: Red light camera Fort Worth

So you would rather tell them it was your sister in law? The camera doesn't know who the driver was !
by Good Listener
Sun Mar 26, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 46
Views: 4453

Re: Christine Benz's Three Bucket System

It seems like a waste of time to even consider. Taylor's 3 fund portfolio is more than enough and if you want to add cash to it, then that's fine.
by Good Listener
Wed Mar 22, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for new situation
Replies: 9
Views: 742

Re: Advice for new situation

I'd contribute as much as you can. I don't know your age but it sounds like you are young. In any field, but certainly in the health care business, you simply cannot assume that the pension will continue until your retirement age. Meaning that a plan can be discontinued at any time and although you ...
by Good Listener
Wed Mar 22, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Do I Do More?
Replies: 17
Views: 1679

Re: How Do I Do More?

See Private Message.
by Good Listener
Wed Mar 22, 2017 4:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2289

Re: Online group meetings via web conference? [Virtual online chapter]

WebEx works great. And if they will donate it for a prominent mention why not?
by Good Listener
Tue Mar 21, 2017 6:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2289

Re: Online group meetings via web conference? [Virtual online chapter]

If we want to do this right, I suggest that we use business-grade tools -- either gotomeeting/gotowebinar or webex. Doing this on the cheap is likely going to result in frustration. Decent tools would be about $600/yr to host up to 100 people. (Similar pricing for webex and goto.) I think whoever w...
by Good Listener
Sun Mar 19, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - do I understand it ?
Replies: 17
Views: 1577

Re: Backdoor Roth - do I understand it ?

Skip the money market foolishness. Put the $5500 directly into the desired stock fund in her tIRA and then do a direct transfer/conversion to the Roth IRA. If she gets a $50 STCG out of the two days of holding then just pay $12 additional tax. No biggie... Interesting thought as I too like simplici...
by Good Listener
Sat Mar 18, 2017 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - do I understand it ?
Replies: 17
Views: 1577

Re: Backdoor Roth - do I understand it ?

For my adult child who will earn too much in 2017 to do a deductible IRA or Roth deposit... Do I have this right? Yes. Then either 1 nanosecond or a day or two later, she converts the IRA to a Roth. It takes a day or so for the contribution to post. she will pay ordinary income tax on any investmen...
by Good Listener
Sat Mar 18, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Complex portfolio issues involving individual stock
Replies: 15
Views: 944

Re: Complex portfolio issues involving individual stock

Let me challenge one premise which is that 25% tax on the older lots is too much. I think in 10 years you will view these rates as a blessing.
by Good Listener
Sat Mar 18, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - do I understand it ?
Replies: 17
Views: 1577

Backdoor Roth - do I understand it ?

For my adult child who will earn too much in 2017 to do a deductible IRA or Roth deposit... Do I have this right? To do a backdoor Roth she will make a deposit into a traditional IRA and that doesn't specify whether deductible or not (that is only addressed on the tax returnl). Then either 1 nanosec...
by Good Listener
Sat Mar 18, 2017 3:15 pm
Forum: Investing - Theory, News & General
Topic: Risks of MLPs
Replies: 26
Views: 1626

Re: Risks of MLPs

Don't do it.
by Good Listener
Sat Mar 18, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1097

Re: rewriting will

Duplicate
by Good Listener
Sat Mar 18, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: rewriting will
Replies: 17
Views: 1097

Re: rewriting will

I would stay out of it period. If her son allows a situation where his mother can't see the baby, that's his issue. And you at least don't have to make all the trips to see them kisses that your wife probably wants to :happy
by Good Listener
Sat Mar 18, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA reality check
Replies: 5
Views: 465

Backdoor Roth IRA reality check

My adult child will be earning sufficient money this year to be ineligible for a direct deductible IRA or Roth contribution. I had always told her to never do a backdoor Roth because, well, because. I figured it would be a tax nightmare but I just worked through a pretend Form 8606 and it seemed pre...
by Good Listener
Sat Mar 18, 2017 1:39 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2289

Re: Online group meetings via web conference? [Virtual online chapter]

I will participate if you can get it going. I would think every 2 or 3 months would be a decent starting place.
by Good Listener
Fri Mar 17, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Wall Street Journal - can't buy with miles anymore
Replies: 7
Views: 1067

Re: Wall Street Journal - can't buy with miles anymore

I got that publication for many years. I dropped it 2 years ago. My life has suffered not at all. Go cold turkey and see what happens !!!
by Good Listener
Fri Mar 17, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Wife's IRA
Replies: 7
Views: 346

Re: Investing Wife's IRA

Maybe off topic but as a father of an older daughter.....Your wife should manage her IRA in my opinion. You could die or leaver her. Or she could leave you. In any case it's her money. I'd be annoyed if my daughter told me this. Let her see this thread....Good luck
by Good Listener
Fri Mar 17, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Agency - Are you kidding?
Replies: 33
Views: 4149

Re: Collection Agency - Are you kidding?

Now we have smartphones. As I leave the Comcast office, I use Google drive on my wonderful Google Pixel phone and it can scan the receipt as a PDF !!!. I then file it in my Dropbox and Google drive. No receipt doesn't help you but the letter is good enough. Tell them you will sue them if they pursue...
by Good Listener
Thu Mar 16, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping money liquid or investing?
Replies: 20
Views: 2017

Re: Keeping money liquid or investing?

Wow. You are amazing . I assume your partner can't contribute financially if you are flying solo. First, I would not plan on 8% per year. It is highly optimistic in the current environment and many of us expect maybe 2-3 % real returns from a balanced portfolio. Something is confusing to me. How can...
by Good Listener
Tue Mar 14, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Former Employer made erroneous 401k contribution. What to do?
Replies: 9
Views: 543

Re: Former Employer made erroneous 401k contribution. What to do?

This is small potatoes. I would go with the flow and file taxes per 1099s. Each time you do something it will get worse.
by Good Listener
Tue Mar 14, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Specific Book Recommendations - passing the time on Amtrak
Replies: 13
Views: 554

Re: Specific Book Recommendations - passing the time on Amtrak

Please read a novel by the author Lisa Scottoline. I just discovered her. Many novels about an all woman law firm. I've loaded 8 more on my Kindle. Buy Mistaken Identity. If you don't like it, PM me and I will pay you by whatever Chase Bill Pay or Chase Quick Pay. If you like it you can thank me by ...
by Good Listener
Tue Mar 14, 2017 6:47 pm
Forum: Personal Consumer Issues
Topic: Temporarily registering new car at friend's address -- anything wrong?
Replies: 39
Views: 2102

Re: Temporarily registering new car at friend's address -- anything wrong?

You are likely young as an older person wouldn't probably register a car at a friend. I say that the way to observe your character is what you do when nobody is looking. Here it is not even private and you know that simply, on the face of it, it is not right. Questionable at best. Unethical certainl...
by Good Listener
Sun Mar 12, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: What to do about a bad neighbor in same unit -- both renters of same landlord.
Replies: 43
Views: 4758

Re: What to do about a bad neighbor in same unit -- both renters of same landlord.

I think marijuana smoking will soon be legal everywhere. I'd be real careful as this neighbor is not happy about your complaining and it may end up badly for you.
by Good Listener
Sun Mar 12, 2017 6:41 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2289

Re: Virtual boglehead meeting?

GREAT IDEA. We need something like that.
by Good Listener
Sun Mar 12, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Forced role change, what would you do?
Replies: 38
Views: 2570

Re: Forced role change, what would you do?

I wish you would take a more positive view of other workers. Some may not have the same IQ as you but to view them as morons with IQs of 75 is not nice. Maybe management would not be good for you and you should be in R&D as an individual contributor. Please understand that I am not saying this t...
by Good Listener
Sun Mar 12, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: Debate with friends on market timing, annuity, etc, thoughts?
Replies: 34
Views: 1776

Re: Debate with friends on market timing, annuity, etc, thoughts?

Hint, whichever friend talks the least has the most money. Also have read all the studies and know whether autism is associated with vaccines? For sure? It is not so open and shut from what I can tell as literature varies and there are possible biases in the designs of most studies. Maybe you too li...
by Good Listener
Sat Mar 11, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Vanguard Transition: What to do with Bonds?
Replies: 15
Views: 1070

Re: Edward Jones to Vanguard Transition: What to do with Bonds?

These aren't that large in dollar amounts for you to get too hurt in event of a liquidation event. They wouldn't default to zero. But who would recommend individual bonds in a NJ pension fund or Cook County school district? These are amongst the riskiest bonds available. Can't you just sell them?
by Good Listener
Fri Mar 03, 2017 6:15 pm
Forum: Investing - Theory, News & General
Topic: BND flat today despite interest rate announcement
Replies: 22
Views: 3005

Re: BND flat today despite interest rate announcement

I believe it is fully priced in and the price setters are certain that there will be an increase barring a shock to the system.
by Good Listener
Fri Mar 03, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Maximizing and Utilizing Dividends during Retirement Years
Replies: 52
Views: 2494

Re: Maximizing and Utilizing Dividends during Retirement Years

I fully understand the argument here that dividends per se are worth no more than any other way of getting dollars from investments and may even cost more in tax. That is from a strictly objective, unemotional view.However I believe that the people who think this is so obvious should consider that w...
by Good Listener
Fri Mar 03, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Poor Aging couple financing
Replies: 19
Views: 2414

Re: Poor Aging couple financing

Jane Bryant Quinn's book "How to Make Your Money Last" is a MUST READ for you. Get it from the library. I suspect one of the paths you will need to investigate is the use of a Single Premium Immediate Annuity (SPIA), but even that can only work if you have a very decent emergency fund. Th...
by Good Listener
Thu Mar 02, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Paul Kangas passed away
Replies: 23
Views: 3552

Re: Paul Kangas passed away

May he rest in peace. He was a fine and decent and non-political and non-biased man. An honest man. Now at 64 and counting... :happy you know what?.....We all will rest in peace hopefully one day, so live your life in a way that makes you worthy of that. Morbid I guess, but I think about these thing...
by Good Listener
Tue Feb 28, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Time to invest
Replies: 18
Views: 1968

Re: Time to invest

OP, hidden benefit. At a young age you learned a few things when not that much was at stake....1. you know nothing that the pros don't. 2. Don't let your political feelings interfere with your investments.
by Good Listener
Tue Feb 28, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't Amazon collect sales tax for all items for states that require it?
Replies: 11
Views: 967

Re: Who doesn't Amazon collect sales tax for all items for states that require it?

OP, a comment and then a rare answer to your question of which I am certain. Comment: wow. You are the first person I ever heard of who does this. Amazon btw always gets it right taxwise with me. Answer: this is like non-cash contributions. TurboTax asks for a listing if you gave say 5 different tim...
by Good Listener
Tue Feb 28, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Advise 98 yr old with 95% equities?
Replies: 33
Views: 3553

Re: Advise 98 yr old with 95% equities?

OP, this may be repititious. As POA you're obligation is to him and for his benefit only. Please work hard to remove any thoughts about the investment effects on your inheritance unless he has specifically told you that is his interest. You are a very decent fellow, it is obvious, and this is someth...
by Good Listener
Mon Feb 27, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Selling mutual fund shares (basic question)
Replies: 5
Views: 401

Re: Selling mutual fund shares (basic question)

This is so cute. And her thought processes are quite sound. We all knew very little at one point but probably knew very little longer than Kelly because at least for us old-timers, there was nobody to ask. I hope Kelly comes back for more assistance in the future. And I bet her questions stump us !!!!
by Good Listener
Mon Feb 27, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: To Rent or Buy Townhouse
Replies: 15
Views: 1639

Re: To Rent or Buy Townhouse

I think this comment is kosher as I do not believe there is any pending legislation. I would not factor tax deductibility of anything into these decisions anymore. Particularly real estate taxes which I have not heard mentioned as "safe".And in my experience, when real estate gets a cold, ...
by Good Listener
Sun Feb 26, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Why has Vanguard increased International Stock and International Bond in Balanced Funds and Portfolio Recommendations?
Replies: 33
Views: 4020

Re: Why has Vanguard increased International Stock and International Bond in Balanced Funds and Portfolio Recommendation

I'm going to state a blunt opinion: it is just a change in fashion. Burton Malkiel recommended in 1990 that 1/6th of stocks be international, now he recommends half. Regardless of which is "better," there is nothing rational anybody can point to explain the change. Contrary to what many p...
by Good Listener
Fri Feb 24, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 3992

Re: Purchasing a new house -- Are we being stupid to consider it?

This could work out well. Or it could be a disaster under a number of scenarios. You are becoming committed big time to a high cost asset if you proceed. A real estate collapse is always possible as is job loss, death,etc. A conservative person like me wouldn't go near it. Good luck.
by Good Listener
Fri Feb 24, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: International or not - best & worse case
Replies: 9
Views: 1108

Re: International or not - best & worse case

Excellent responses. Thank you all.
by Good Listener
Fri Feb 24, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax importing Vanguard funds
Replies: 6
Views: 714

Re: TurboTax importing Vanguard funds

Thank you all for your responses. House blend, that is good to know. It is so weird that Vanguard sends out the list of tax free interest by state, but maybe other states allow pro rata. The 1st 2 responses are exactly opposite on whether TurboTax directly fills out the NJ info or whether it asks wh...
by Good Listener
Thu Feb 23, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: Staying at Disneyworld
Replies: 30
Views: 3158

Re: Staying at Disneyworld

Why not just not go? Seems like such a waste of time. I suspect most of us didn't go because it wasn't open yet (me) or parents couldn't afford (me and others I'm sure). And we survived who cares why the OP wants to go? Is everyone required to share the same interests as you? Wow. My opinion is val...
by Good Listener
Thu Feb 23, 2017 8:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 64
Views: 10510

Re: Vanguard opens special offices for $1 million clients

Good listener I agree I could have used a different term,but what pct of people in the USA have a million dollars in a brokerage firm?Personally,if I lived in a city and Vanguard opened an office that I was not allowed in because I only had 300K or 700K in Vanguard,I would be offended and switch to...
by Good Listener
Thu Feb 23, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: International or not - best & worse case
Replies: 9
Views: 1108

Re: International or not - best & worse case

Because you have 50% bonds, you're not going to have too much portfolio volatility, but adding another asset class will further smooth your returns than without it. History has shown that when International outperforms, the US lags. When the US outperforms, International lags. Sometimes they both a...
by Good Listener
Thu Feb 23, 2017 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax importing Vanguard funds
Replies: 6
Views: 714

TurboTax importing Vanguard funds

Quick question. I have always entered each individual fund from the Vanguard consolidated 1099-DIV. I am helping my daughter this weekend and she knows that it can be imported. I am sending her out of the tax return nest after this year. She wants to import it. She has both the NJ bond fund and Inte...

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