Search found 640 matches

by KlingKlang
Sun Jun 17, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 16
Views: 2108

Re: I-bonds look pretty bad right now

With the increased standard deduction there are going to be a lot of people paying 0%, 10%, or 12% marginal tax rates instead of 22%. I'm currently at 0% myself due to ACA income limitations. Also I'm enjoying the cash flow from my 30 year old (Series EE) savings bonds.
by KlingKlang
Sun Jun 17, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: VOHIX vs VMMXX for fixed income in Ohio
Replies: 4
Views: 308

Re: VOHIX vs VMMXX for fixed income in Ohio

How about if we add in another choice: Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) Expense 0.20% SEC yield 2.32% (vs VOHIX in a taxable account) VUBFX will probably not decline as much as VOHIX in a bond bear market, at the cost of a lower yield and being subject to state taxation. ...
by KlingKlang
Sun Jun 17, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 53
Views: 3706

Re: How much (green) cash at home for emergency ?

A few thousand might be handy to pay (bribe) someone with boat to get you out of the second floor of your house and then get someone with a Jeep to get you through the foot deep water to somewhere dry with the power on. After that all you need is your normal amount of pocket cash, ATM card, and cre...
by KlingKlang
Sun Jun 17, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: VOHIX vs VMMXX for fixed income in Ohio
Replies: 4
Views: 308

Re: VOHIX vs VMMXX for fixed income in Ohio

I live in Ohio and own both VOHIX and VMMXX, but they serve different purposes as pieces of my after tax bond and cash allocations respectively. By having the dividends from the bond fund and my tax-managed stock funds deposited into the money market fund I can easily rebalance by buying more shares...
by KlingKlang
Sun Jun 17, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 53
Views: 3706

Re: How much (green) cash at home for emergency ?

A few thousand might be handy to pay (bribe) someone with boat to get you out of the second floor of your house and then get someone with a Jeep to get you through the foot deep water to somewhere dry with the power on. After that all you need is your normal amount of pocket cash, ATM card, and cred...
by KlingKlang
Sun Jun 17, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA question
Replies: 3
Views: 155

Re: Rollover IRA question

Unrealized losses inside of an IRA make no difference in taxation, the only thing that matters is the amount that you are withdrawing. Assuming that all of the original contributions were deductible, on a $6400 withdrawal you will be paying 0.37*$6400 = $2368 in federal taxes and 0.10*$6400 = $640 i...
by KlingKlang
Sun Jun 17, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Need advise with the first investment
Replies: 12
Views: 453

Re: Need advise with the first investment

I agree that Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) ER 0.15% is perfect for a taxable account. If you wish to invest in fixed income an additional option for tax advantaged savings is United States Series I Savings Bonds. They pay interest at a (currently small 0.3%) fixed ra...
by KlingKlang
Sat Jun 16, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Back to Treasurys...
Replies: 17
Views: 1956

Re: Back to Treasurys...

As long as you have a Treasury Direct account you may want to consider picking up your $10,000/year of Series I US Savings Bonds. Need to hold for one year in order to redeem and five years to avoid 3 month interest penalty. Current rate is 2.52%. Free from state and local income taxes.
by KlingKlang
Tue Jun 12, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5785

Re: Vaguard - You'll need to sign up for security codes soon

While my wife is quite adept with smartphones and computers, she will not tolerate time on investments. I am an authorized agent on her account, it all appears with my log in and all is good. We have multiple accounts, TIRA, Roth, Taxable X2, and a JTROS Ditto on the multiple accounts. How much eff...
by KlingKlang
Tue Jun 12, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5785

Vanguard - You'll need to sign up for security codes soon

I just received an email from Vanguard Flagship Services addressed to my wife with the message "You'll soon be required to sign up for security codes". My wife won't touch a computer or a smartphone. I use my email address for both of our accounts. Will I get in trouble with Vanguard for using my ph...
by KlingKlang
Tue Jun 12, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 59
Views: 5635

Re: Boring Job

There is only so much I can do since I am new to the field and my tasks are scheduled throughout the day for longer periods of time then it takes me so I can't tell my boss that I finished something early or else it looks bad Why does it look bad to tell your boss you can complete a task more quick...
by KlingKlang
Tue Jun 12, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: How to choose among these income funds?
Replies: 6
Views: 528

Re: How to choose among these income funds?

So as I understand it by this time next year you will have the following annual income streams: $33K Social Security (inflation adjusted) $33K Qualified annuities (probably not inflation adjusted) Even though you seem to be soured on annuities one method of getting your extra $10K/year is to buy a s...
by KlingKlang
Sun Jun 10, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Moving to a house from a condo
Replies: 7
Views: 644

Re: Moving to a house from a condo

This pretty much duplicates our experience from 35 years ago - I thought that my two bedroom townhouse condo with a 15 minute commute time, lack of yard maintenance, and ability to walk almost everywhere was ideal, my new (non-working) wife had lived in detached single family homes her entire life a...
by KlingKlang
Sat Jun 09, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11022

Re: Are you including SS in your planning model? Are the benefits really that high?

First, can that possibly be correct? Am I really going to get 20k a year in benefits? My wife has higher earnings and we are the same age. 40k a year in benefits? Like I said, I hadn't spent much time looking at SS and I never include it in my planning. Because, holy crap, if we really do get those...
by KlingKlang
Wed Jun 06, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What If Your Plan Fails?
Replies: 46
Views: 4006

Re: Larry Swedroe: What If Your Plan Fails?

Using the same data from his prior work, which you’ll recall covers 21 countries over the 115-year period 1900 through 2014 How many of these countries maintained their governments and currency systems without catastrophic dislocations over this time period? Monte Carlo Simulation is useless at pre...
by KlingKlang
Sat Jun 02, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5631

Re: Need advice on 1st international vacation

ugaDAWGS09 wrote:
Sat Jun 02, 2018 3:30 pm
My wife and I are looking to plan our first international trip. We are looking for a 7-10 day vacation in a safe area where English will be commonly spoken.
Would Canada be too obvious of a suggestion?
by KlingKlang
Wed May 30, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: My mind exploded
Replies: 79
Views: 4548

Re: My mind exploded

A graduation present is meant to be spent. Nuff said. This takes me (way) back because I always resented the attitude of my parents and grandmother that 'When we give you a gift it's still ours to tell you how to use it and we can take it back any time we want'. When I was in elementary school my m...
by KlingKlang
Sat May 26, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: new total world bond fund instead of total bond market in my 3 fund portfolio
Replies: 7
Views: 1321

Re: new total world bond fund instead of total bond market in my 3 fund portfolio

thanks no 401k why I thought taxable In this particular situation I would definitely recommend that you start a taxable investment account, the reason being that if you limit your retirement investing to a Roth IRA the $5500/year limit will probably keep you from meeting your goals. Vanguard Total ...
by KlingKlang
Thu May 24, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: About to retire and at an almost total loss.
Replies: 15
Views: 5013

Re: About to retire and at an almost total loss.

Lots of good questions and advice so far. A question of my own concerning your expectations that the business will continue to generate cash flow for the foreseeable future: How dependent is your business on you being the person running it? How many hours a week do you spend managing it? Are you the...
by KlingKlang
Wed May 23, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12254

Re: how do you tip on wine at a restaurant

Go to a really nice restaurant, tell the waiver what you think you'll want as an entree, and ask for a recommendation for an appetizer and bottle of wine to complement it correctly. He or she will be very familiar with the dishes and will be able to tailor the meal to your preferences. This sounds ...
by KlingKlang
Tue May 22, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5018

Re: Buy an old farmhouse?

One more thing to consider. Does the property have any ponds or creeks near the house that would attract the pre-schoolers? I live in an area with a lot of ponds and every year or so a young child wanders off and drowns in a pond. Kids love water. No saying you shouldn't buy because of the water, b...
by KlingKlang
Tue May 22, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 5018

Re: Buy an old farmhouse?

In addition to all of the previously mentioned concerns make sure that there will be no problems with people from the state park wandering onto your property. Is it fenced?
by KlingKlang
Tue May 22, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1208

Re: French hotel amenities...

You are very likely to have a bidet in the bathroom. For the other items can you check with the hotel's website?
by KlingKlang
Sun May 20, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 47
Views: 4215

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

Now I'm confused. Why is it showing only 21.5% in bonds and then 50.1% in short-term reserves? Did she open up a brokerage account and leave half of the funds in the settlement fund (Vanguard Federal Money Market Fund)? You can check the details of all of her holdings on the "Balances and holdings"...
by KlingKlang
Sun May 20, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Simplifying to a target retirement fund?
Replies: 9
Views: 703

Re: Simplifying to a target retirement fund?

You currently have an exceptional portfolio consisting of four different ultra low cost funds in four accounts (six funds in total). The three different funds in your tIRA give you the ability to rebalance your overall US stock/International stock/Bond allocation with no tax consequences. Personally...
by KlingKlang
Sat May 19, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12401

Re: Helping Adult Children (but not too much)

Congratulations to you and your daughter. Sounds like you did a fine job of raising her and that she is off to a good start. Is she still living at home? If not she needs to make sure that she is not spending too high a percentage of her income on housing. If she is she should be contributing someth...
by KlingKlang
Fri May 18, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

Yes, the cliff is indeed a cliff - and there are two of them. You lose out if your income is too low or too high. The following is a link to an excellent article. It's three years old but you can adjust the numbers easily enough by looking up the latest federal poverty level (FPL). https://rootofgoo...
by KlingKlang
Fri May 18, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help: Early Retirement, ACA Subsidies, Asset Location
Replies: 18
Views: 985

Re: Need Help: Early Retirement, ACA Subsidies, Asset Location

This is an interesting problem (which I also have to deal with) because it involves keeping the ACA MAGI within a relatively tight range rather than just minimizing taxes. All of the tax minimization strategies involving the use of the IRS Qualified Dividends and Capital Gain Tax Worksheet or tax-ex...
by KlingKlang
Fri May 18, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Possibility of EE bond rates changing?
Replies: 8
Views: 801

Re: Possibility of EE bond rates changing?

The 20 year doubling rule has been in effect since May 2005. Fixed rate for EE Bonds issued in the six months after date: May 1, 2018 0.10% November 1, 2017 0.10% May 1, 2017 0.10% November 1, 2016 0.10% May 1, 2016 0.10% November 1, 2015 0.10% May 1, 2015 0.30% November 1, 2014 0.10% May 1, 2014 0....
by KlingKlang
Thu May 17, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 26
Views: 3305

Re: more rotten service from Vanguard [ACH transfer, fund availability]

I can write a check from my Vanguard Prime MM fund, deposit it to my bank checking account, and the funds are available the next day. Makes me glad that I decided to not use ACH anymore.
by KlingKlang
Mon May 14, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: New Job - Use High Fee 401k With Match or Other?
Replies: 31
Views: 1352

Re: New Job - Use High Fee 401k With Match or Other?

Can you explain her company's match a little more please? Year one, if she contributes 4% of her salary do they match 0.8%? Year two is it a 1.6% match, etc until they are matching a full 4%? Typically the way vesting works is that the employee receives the full match from the beginning but the com...
by KlingKlang
Tue May 08, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3695

Re: Why do so many Americans not own stocks?

Many people deem the financial markets as too risky or even a scam. My parents preferred the certain return of 5,6 or 7% they were getting from banks to the possibility of any loss in the markets. I remember once in '96 when the market was selling off my mother called me in a panic to sell everythi...
by KlingKlang
Mon May 07, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: advise on custodial account for daughter
Replies: 14
Views: 796

Re: advise on custodial account for daughter

Just wanted to note that when my daughter was young we established an UGMA/UTMA account for her at Vanguard and then used those funds for her Roth IRA when she began to earn money from employment at age 16. Everything turned out fine but I had to call Vanguard to transfer the funds each year as ther...
by KlingKlang
Tue May 01, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Vanguard Money Market Account Check wise
Replies: 15
Views: 1377

Re: Question on Vanguard Money Market Account Check wise

The only time that I write checks from a Vanguard (taxable) money market account is when I am transferring funds into my B&M checking account. This way I get a receipt from the bank and the deposit shows up as "pending" anytime I want to check on it. The check usually clears in a day or two. If I us...
by KlingKlang
Fri Apr 27, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: The Paperless Life
Replies: 45
Views: 4160

Re: The Paperless Life

Can anyone explain why it is important to save any statements outside of buys / sells and end of year tax forms? A few years ago I had a major problem with billing from my health insurance company. I had a large account credit which suddenly turned into a large amount owed accompanied by overdue th...
by KlingKlang
Mon Apr 23, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Too Much Money in Taxable Acct/House Payoff/401k
Replies: 9
Views: 1410

Re: Too Much Money in Taxable Acct/House Payoff/401k

Is the house jointly owned by both of you?

How do the student loan interest rates compare to your mortgage interest rate?

Even though you don't want to discuss it keep in mind that your wife will never be able to go back and make up contributions to her Roth IRA that she skips making now.
by KlingKlang
Mon Apr 23, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home with water damage
Replies: 21
Views: 1828

Re: Buying a home with water damage

The first thing that I would do is to get the house inspected by at least two different companies that you hire and pay for. Get this done before the house is refurbished and the damage is covered up. Since the house is still being offered at its original pre-damaged price I would get a lawyer invol...
by KlingKlang
Sat Apr 21, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 17
Views: 2635

Re: I Bonds - now or later in the year?

I signed up for a Treasurydirect account today. I plan on buying some I Bonds for the first time in May. This sounds like a great way to up my bond allocation percentage while saving some space in my Roth IRA for more total stock market etf. Rather than start a new thread I wanted to pose 2 quick q...
by KlingKlang
Sat Apr 21, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Medical alert "button"
Replies: 34
Views: 2041

Re: Medical alert "button"

Think very seriously about getting a device that has "fall detection", so IF someone falls and can't move/etc., help is started (e.g., phone call sequence, then 911... whatever is set up). RM Thanks, RM. Will certainly add the "fall detection" feature to whatever "buttons" get short-listed! Edit: G...
by KlingKlang
Sat Apr 21, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2290

Re: Question about Savings Bonds

I had one year where I declared the interest in year of maturity, but cashed it the next. You just account for that on your tax return. I'm confused. Why would you report the interest in the year of maturity but not redeem the bonds? Gill You report the interest because that's what the law specifie...
by KlingKlang
Sat Apr 21, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Question about Savings Bonds
Replies: 18
Views: 2290

Re: Question about Savings Bonds

Sorry I'm still really confused, do you mind breaking it down more for me with these questions? KlingKlang I read through your responses but I got lost trying to understand lol. Sorry thank you!! Maybe if you can number your responses based off my questions for each? 1.) Regarding #2 though, I stil...
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: 1183

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: 31
Views: 3588

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: 47
Views: 4215

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: 18
Views: 2290

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: 18
Views: 2290

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: 2691

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: 18
Views: 2290

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: 458

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: 560

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 ...