Search found 599 matches

by KlingKlang
Tue Apr 17, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - doing the 3-funds with a tilt
Replies: 16
Views: 922

Re: Portfolio review - doing the 3-funds with a tilt

Given that you are both medical professionals keep in mind that in 2018 for MFJ the Roth phase-out starts at $189,000 and you are ineligible to contribute at $199,000 adjusted gross income.
by KlingKlang
Tue Apr 17, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 30
Views: 2743

Re: Account for Adult Children Allowing Parent Some Control

Tell your adult children that you are going to set up an account in their name and you will fund it.....but that it is for long-term purposes (as you determine) and they are not to worry about it. Open an account in their name at your brokerage company - the one you use for your other brokerage bus...
by KlingKlang
Mon Apr 16, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 27
Views: 1784

Re: Help with my mom's investments, please.

So, should I just wait the 27 or so days to get her back into VTSAX, or is there some other fund I should consider immediately? Lots of other choices, two that I would have no hesitation recommending: VFIAX 500 Index Admiral (Large stock) VTCLX Tax-Managed Capital Appreciation Admiral (Large and mi...
by KlingKlang
Mon Apr 16, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 13
Views: 1541

Re: Question about Savings Bonds

First, I think the best thing to do is put them all in a Treasury Direct account to avoid holding any paper securities. (This was some advice up above in this thread.) Then you will see exactly what you have and have the option to redeem them, send the proceeds to your bank account, put them in ano...
by KlingKlang
Mon Apr 16, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 13
Views: 1541

Re: Question about Savings Bonds

5.) Why do you have to report the interest on Schedule B? Isn't there just a spot on the 1040 that's like line 2 or something that asks for interest income? Why can't you just put it there where it's supposed to go? Like why also do you have to report it on this Schedule B too? It sucks because I l...
by KlingKlang
Sun Apr 15, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can't afford health insurance -- options?
Replies: 23
Views: 2471

Re: Can't afford health insurance -- options?

Go to HealthCare.gov and check on their eligibility for both Medicaid and ACA coverage in your state.
by KlingKlang
Fri Apr 13, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 13
Views: 1541

Re: Question about Savings Bonds

1.) The $50 printed on the bond is basically a marketing gimmick by Uncle Sam, it just makes it look like you were given a bigger gift than you were. The official answer is that each EE bond has a guaranteed doubling period (currently 20 years, shorter for older bonds) so that is double the $25 purc...
by KlingKlang
Fri Apr 13, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you buy muni and i-bond funds?
Replies: 8
Views: 389

Re: Where do you buy muni and i-bond funds?

Thanks. How often do you buy? I Bonds earn interest based on the month and year of their purchase so there is no advantage to purchasing them more than once a month, usually during the last week. You are limited to obtaining $10000/year I Bonds using this method. I Bonds (in paper form) can also be...
by KlingKlang
Thu Apr 12, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $23,000 in EE US savings bonds in Treasury Direct?
Replies: 4
Views: 495

Re: What to do with $23,000 in EE US savings bonds in Treasury Direct?

Tax implications - Federal income tax on savings bonds is reported on Schedule B as interest income for the tax year in which they were redeemed. If you use them to pay educational expenses or have been declaring interest income all along (this is uncommon) post again for the details. They are free ...
by KlingKlang
Mon Apr 09, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 64
Views: 4302

Re: [When is going out to a restaurant worth it to you?]

- When we have a coupon, Living Social or Groupon I don't want to hijack this thread, but has anyone else had the experience of going to a restaurant with a Living Social, Restaurant.com, or Groupon certificate, discount coupon, or gift card and gotten the Thing that just crawled out from under a r...
by KlingKlang
Mon Apr 09, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Purepoint now 1.6%
Replies: 13
Views: 1649

Re: Purepoint now 1.6%

Just got my 1.75% email.

I've really been impressed with PurePoint. Plus they sent me a holiday card in December.
by KlingKlang
Mon Apr 09, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: I'm 34 and Need Investing Help
Replies: 8
Views: 1232

Re: I'm 34 and Need Investing Help

Great advice so far! One option that hasn't been mentioned yet for tax advantaged savings is United States Series I Savings Bonds. They pay interest at a (currently small) fixed rate plus the rate of inflation. They allow you to shelter interest income for between 1 and 30 years. Their redemption va...
by KlingKlang
Mon Apr 09, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 7803

Re: Cash flow problems - best way to handle?

You haven't given enough information about your financial situation to offer specific advice, so this will just be general comments on your post. You need to learn to distinguish between 'needs' and 'wants'. Summer camp for the kids is a want not a need. There will always be unexpected expenses or "...
by KlingKlang
Sat Apr 07, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy??? [Excess W-4 withholding, got large tax refund]
Replies: 31
Views: 3468

Re: Am I Crazy???

Way back in the late 70s, early 80s I helped my then CPA brother-in-law during tax season. This was before individuals used PCs and internet to complete tax forms. I remember a client who had a $6-8k refund, and advised him to lower his withholding. At that point bank CD interest was 7-10% and mort...
by KlingKlang
Fri Apr 06, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: [When is going out to a restaurant worth it to you?]
Replies: 64
Views: 4302

Re: [When is going out to a restaurant worth it to you?]

"When is going out to a restaurant worth it to you?"
A. When it makes my wife happy.
B. When I can try something new that we really don't have the equipment/ingredients/knowhow to make at home.
C. Goto A
by KlingKlang
Wed Apr 04, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Hypothetical situation investing on property vs market
Replies: 21
Views: 1287

Re: Hypothetical situation investing on property vs market

Are there any other expenses besides the HOA? Utilities, maintenance, insurance, property taxes, management?
by KlingKlang
Wed Apr 04, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: medical appointments and start of new employer insurance
Replies: 14
Views: 658

Re: medical appointments and start of new employer insurance

Yes, I understand about being covered. But I am concerned with actually being in the new insurer's system soon enough as to be able to even print an ID card on May 1. The radiologist and the primary care will want all those details such as ID number, group number, etc. Anyone actually have experien...
by KlingKlang
Sun Apr 01, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio check
Replies: 10
Views: 621

Re: Portfolio check

Once you have reached 6 to 8 months expenses in your money market/savings account you may want to consider starting contributions to a total stock market fund (example VTSAX) and/or Series I US Savings Bonds. Otherwise I think that you are doing great.
by KlingKlang
Sun Apr 01, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 8
Views: 484

Re: Investment Advice

I would not stop investing in your tax deferred accounts. If you do so you will permanently lose your ability to make these contributions for the years that you skip, increase your taxes because of the loss of your contributions, and further increase your taxes because of the loss of your mortgage i...
by KlingKlang
Sat Mar 31, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: Why does it seem there are so many bad/poor 401K plans?
Replies: 36
Views: 3515

Re: Why does it seem there are so many bad/poor 401K plans?

Back in the 1990's our mid-size company's HR manager (who used to be the president's administrative assistant when they were starting out) visited our branch office to explain our new 401(k) plan. Someone asked why they had chosen the company that they did to administer the plan. She was actually du...
by KlingKlang
Sat Mar 31, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: These 3 Admiral Shares Funds?
Replies: 11
Views: 1403

Re: These 3 Admiral Shares Funds?

Thanks, but how would I never need to rebalance when LifeStrategy Moderate has fixed assets of 60/40?? I am 55 now, so 60/40 is ideal for my risk tolerance, but as I say hit 60, I may want to go to to closer to a 50/50 mix. It seems like the 3 fund portfolio of VTSAX, VTIAX, VBTLX would allow more ...
by KlingKlang
Fri Mar 30, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1510

Re: 401k vs Traditional IRA

The 55 exemption to early withdrawal penalty is an IRS rule. If you leave your job, you always have the option of withdrawing your money from your 401k (or rolling it over to an IRA). Your employer doesn't have to offer you the ability to do partial withdrawals, which negates most (all?) of the ben...
by KlingKlang
Fri Mar 30, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5215

Re: Should I loan my child money for college?

For those suggesting that I shouldn't 'borrow for/in retirement', I should point out that (1) best case scenario, she pays the money back, with interest, so it's really not the same as borrowing for retirement, and (2) worst case, if it doesn't get paid back, then although it would probably require...
by KlingKlang
Thu Mar 29, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1510

Re: 401k vs Traditional IRA

If you leave your job after you turn 55 you can make withdrawals from your 401(k) without the 10 percent early withdrawal penalty, whereas you have to wait until you are 59 1/2 for the Traditional IRA. I know that there are exceptions for the tIRA but you don't have to worry about them with the 401(...
by KlingKlang
Thu Mar 29, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 20
Views: 1388

Re: Rollover to Vanguard requires brokerage account?

I just did a direct rollover from an old 401(k) at Fidelity to my Vanguard old-style mutual fund tIRA account 2 weeks ago. Like the OP when I tried to do it through the Vanguard website I kept running into the open a new brokerage account dialog. Finally I called Vanguard and they told me that there...
by KlingKlang
Thu Mar 29, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Sound Strategy RE: Taxes / Retirement ?
Replies: 8
Views: 740

Re: Sound Strategy RE: Taxes / Retirement ?

I plan on retiring early [or at least being financially able to do so]: 1. Is it wrong to view a taxable account as part of my retirement package/portfolio? 2. I understand fund placement/tax efficiency/cap gains as well as asset allocation [ thanks BH ! ] So, my plan as of now [say, 20 years from ...
by KlingKlang
Wed Mar 28, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 3925

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Half the cra(p) you-she thinks she needs from Bed Bath and Beyond, she wont! There is absolutely no reason for someone to show up at their dorm with all brand new purchases. First look around your own house for spare appliances, storage items, towels, ect. (See The Brave Little Toaster ). Check wit...
by KlingKlang
Sun Mar 25, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 5260

Re: Anxious about age, career, and housing costs

I've been single my whole life (not even a pet) and I'm a minimalist so I generally haven't needed much space. Most of my apartments have been in the 600-800 square foot range and my current one is 600. As I mentioned earlier, though, it would be nice to have the home gym space and a private yard f...
by KlingKlang
Fri Mar 23, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 58
Views: 4951

Re: Costco Kirkland Brand Liquor

Would someone post a list of which states Costco is allowed to sell liquor in? Ohio is not on that list.
by KlingKlang
Tue Mar 20, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2135

Re: Is a Model Release normal for wedding videography?

This seems like an extension of the terms that our wedding photographer had us sign - basically we only received the number of prints that we paid for and the negatives and all rights to the images stayed with the photographer. I agree with the previous advice, if you don't want to see video from yo...
by KlingKlang
Wed Mar 14, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2354

Re: Pay cash or go crazy (and take 2.5% loan and invest

Are there any other manufacturer's or dealer's incentives that you can get if you pay cash rather than taking out a loan? Rebates usually fall into this category.
by KlingKlang
Wed Mar 14, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Review of my full portfolio - am I on the right track?
Replies: 14
Views: 1327

Re: Review of my full portfolio - am I on the right track?

Given that VG Target Retirement 2050 is only 10.12% in bonds 40% seems excessive. VBTLX is fine as your only bond fund. Keep your bond allocation inside your 401(k). On the other hand 2% in cash or $14k may be low for an emergency fund. 6 to 8 months of expenses might be better. You could also look ...
by KlingKlang
Wed Mar 14, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 46
Views: 4045

Re: simplifying my financial life -- should i get rid of treasury direct?

I agree with all of the responses on what a hassle dealing with the Treasury Direct website is, calling them is even worse. Besides everything previously mentioned they also make you run the gauntlet if you want to switch your linked bank account(s). Interestingly Legacy Treasury Direct still mails ...
by KlingKlang
Mon Mar 12, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Big Work Trip - Looking for Ideas
Replies: 15
Views: 1454

Re: Big Work Trip - Looking for Ideas

I think that Singapore is the perfect introduction to Asia for English speakers plus the greatest foodie destination on the planet. You can see the entire island with a moderate amount of walking using the light rail system (MRT). Worthwhile destinations are the Botanical Gardens, Cultural Gardens, ...
by KlingKlang
Thu Mar 08, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: structured vs. unstructured time in retirement
Replies: 18
Views: 2217

Re: structured vs. unstructured time in retirement

To each his own, obviously some people are happier when they have a schedule to follow than others. Congratulations on meeting so many of your original goals. The rigid schedule that you propose sounds like more work than going to work would be to me. You might as well accept that great offer and ge...
by KlingKlang
Thu Mar 08, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Switching to online bank. Keep brick/mortar bank account open?
Replies: 54
Views: 2954

Re: Switching to online bank. Keep brick/mortar bank account open?

I use Huntington with an interest bearing checking account as our B&M bank and PurePoint for online savings. I cash 30 year old paper Savings Bonds in on the first of every month and Huntington handles this flawlessly. Since I'm there anyway I also use the checks from my Vanguard MM account to withd...
by KlingKlang
Thu Mar 08, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Retired-Credit Card Income Update Request
Replies: 10
Views: 776

Re: Retired-Credit Card Income Update Request

According to the notices that I receive it is only required for increasing your credit limit. I assume that includes both automatic and requested increases.

I only get these notices from my VISA cards, Discover keeps increasing my credit limit automatically.
by KlingKlang
Mon Mar 05, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Etiquette of hanging up on live telemarketers
Replies: 77
Views: 3567

Re: Etiquette of hanging up on live telemarketers

When I used to answer the phone, I would give it to my daughter. She was 2-3 years old when we did that. It would frustrate the heck out of the callers with her babbling. Not bad, but I would worry that she would make a noise that sounded vaguely affirmative and you would end up with a ton of unord...
by KlingKlang
Fri Mar 02, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect website and 1099-INT taxable bonds
Replies: 7
Views: 966

Re: TreasuryDirect website and 1099-INT taxable bonds

Here is what the TD says on their website https://www.treasurydirect.gov/indiv/help/TDHelp/help_ug_265-TaxLearnMore.htm TreasuryDirect provides you with a detailed listing of all your taxable transactions, as well as an online , printable IRS Form 1099 for each calendar year. You may access this in...
by KlingKlang
Fri Mar 02, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 287
Views: 19654

Re: free dinner investing seminar

I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to attend. Obviously I never have any luck. I received three more invitations today but they have all been shredded....
by KlingKlang
Thu Mar 01, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Selling treasury bonds
Replies: 2
Views: 251

Re: Selling treasury bonds

If these are Series I (not "1") US Savings Bonds then as long as they are held in a Treasury Direct account linked to a bank account they can be redeemed (not sold) any time after they are one year old. The redemption amount will be direct deposited into your bank account in a few days. Just log int...
by KlingKlang
Wed Feb 28, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Why have Emergency Funds?
Replies: 54
Views: 4101

Re: Why have Emergency Funds?

Minor rant: I wish that people would stop saying that "cash yields nothing". Current yields are comparable to that of the SP500 and rising rapidly. Cash in a savings or MM account has gone up by 16% over the past twelve months? Are you sure about that? Yield is not the same thing as total return.
by KlingKlang
Wed Feb 28, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Why have Emergency Funds?
Replies: 54
Views: 4101

Re: Why have Emergency Funds?

Sheepdog has almost 5000 posts. Maybe at least a hint on what to search for? /forum/viewtopic.php?t=25126 Thank you for the link. For posters like AlohaJoe who start history at 2010 of course everyone would be better off investing 100% in equities. When you are in Sheepdog 's situation of watching ...
by KlingKlang
Mon Feb 26, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Balance
Replies: 6
Views: 581

Re: Balance

Always good advice. One article that I read today on another site advocated saving 70% of your income in order to retire in 9 years. While living below the poverty level in your 20s in order to retire in your early 30s is doable, the calculations assume that you will maintain that same lifestyle for...
by KlingKlang
Mon Feb 26, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1029

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

If you are eligible for a deductible Traditional IRA it is very handy for fine tuning your taxable income (including your ACA MAGI) because you have until April of the next year to make your contribution. Edit: I see that you have already contributed the maximum to your IRAs. You can still recharact...
by KlingKlang
Mon Feb 26, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me simplify my portfolio (gradually)
Replies: 5
Views: 523

Re: Help me simplify my portfolio (gradually)

I see nothing wrong with your plan (I also make allocation changes very slowly). On the other hand I see nothing wrong with a six fund portfolio for a married couple. How many types of accounts do you have? We (wife and I) have 2 tIRAs, 2 Roth IRAs, 2 after tax, and 1 401(k). I actually deliberately...
by KlingKlang
Mon Feb 26, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What is your credit score?
Replies: 38
Views: 1742

Re: What is your credit score?

Fell into the high 700's once I paid off my mortgage. Apparently FICO doesn't like someone who is 100% debt free. I continue to use a CC for all my monthly expenses and pay it off in full every month. Same here. Mine has been pegged at 796 for years. The comments say that to raise it I need to take...
by KlingKlang
Sun Feb 25, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Simple question regarding caring for elderly parents
Replies: 16
Views: 2326

Re: Simple question regarding caring for elderly parents

Hi sandys, Welcome to the forum! Basically my qualifications are that I am helping out my mother and mother-in-law, both of whom are 90 and both of whom are still insisting on living in their (separate) homes. I agree that .1% interest bank accounts make no sense. Right now you can get online FICA i...
by KlingKlang
Thu Feb 22, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1471

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

Are you going to be renting out these properties or using them personally? If you rent them out you have just gotten yourself a new job of being a landlord. If they are for your personal use you have just exchanged income producing assets for expense producing assets - property taxes, coop fees, ins...
by KlingKlang
Wed Feb 21, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 37232

Re: What UN-frugal thing do you do?

Use Verizon for our family cell phone service. We still only get two bars at our house, with all other services we get none.

P.S. Never go to a Verizon Authorized Retailer named Victra.