Search found 111 matches

by deskjockey
Wed Feb 21, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Money Market now at 1.5%
Replies: 15
Views: 1872

Capital One 360 Money Market now at 1.5%

I was just checking my account and discovered the interest rate has gone up.
by deskjockey
Sun Feb 18, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help with downloading Vanguard UTMA 1099-B data to Turbotax
Replies: 2
Views: 138

Re: Help with downloading Vanguard UTMA 1099-B data to Turbotax

Thanks--I hadn't thought of that. It makes sense. It's not a lot of info, thankfully, so it won't take long for me to enter it.
by deskjockey
Sun Feb 18, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help with downloading Vanguard UTMA 1099-B data to Turbotax
Replies: 2
Views: 138

Help with downloading Vanguard UTMA 1099-B data to Turbotax

I am in the process of doing taxes and need to file returns for both our children, who will have unearned income from their Vanguard UTMA accounts. This is the first time we're filing for them, and I'm at a loss as to how I can have Turbotax download the 1099-B data directly from Vanguard. I noticed...
by deskjockey
Sat Feb 17, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Really need an advice: sell the house or rent it out
Replies: 40
Views: 2162

Re: Really need an advice: sell the house or rent it out

I'm in a similar boat as you are, but more than a year in to being an accidental landlord. My advice given your goal of not living in the house again in 6 years--sell. If you rent it out (at a loss) for six years, you will not be eligible for the capital gains exclusion and will have to pay capital ...
by deskjockey
Fri Feb 16, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Just wondering if you do this...
Replies: 10
Views: 1693

Re: Just wondering if you do this...

Yes, I save for multiple goals: college for the kids, new cars, home remodels, etc. Pretty much everyone here does, whether explicitly or implicitly. As for alternative investments, no, I don’t muck around with those. I did have REITs for about a decade, but divested myself of them to simplify our p...
by deskjockey
Fri Feb 16, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Optimal pre/post-tax saving combination
Replies: 2
Views: 259

Re: Optimal pre/post-tax saving combination

Yes, it can be “solved” easily enough (and there are several spreadsheets that will do it for you), but it depends on other variables, too, such as how close your income level is to the next highest and lowest tax brackets, what your expectations of future income are, which savings vehicles are avai...
by deskjockey
Mon Feb 12, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 67
Views: 7916

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

I downloaded my forms from Vanguard, but Turbotax is refusing to import them from Vanguard. It claims that the forms will only be available starting 16 February. :annoyed
by deskjockey
Mon Jan 29, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

Not included, he shows this exactly: Total Taxes $7,715, Tax Penalty $6,892 (Which should be zero that is wrong), Fed Tax Rate 12%, State Marginal Rate 2.45% Good question, not sure why they are so low, i'll have to ask. [...] Yes and Yes, looking directly at my statement me at age 67 $2927, 70 $36...
by deskjockey
Mon Jan 29, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 1053

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

I, like others, tend to disagree with the way the article looks at the situation. In general, when I hear of folks trying to include their pension or SS in their portfolio, it feels like a way to justify higher stock allocations more than anything else. Which, frankly, is not the way to go about it....
by deskjockey
Mon Jan 29, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

Thanks, Makes sense. I'm going to check out that calculator. Regarding the Monte Carlo, he did include the below only for his What If scenario. Can you help me interpret based on what you said, I'm still a little confused. I know the numbers (8.74) are not realistic but just to get an understanding...
by deskjockey
Mon Jan 29, 2018 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

Nutshellml--I took a quick look at the PDF and saw a few things amiss. The biggest one is that all of the graphs and tables use "hard" numbers based on the "average returns" for the portfolio. That is misleading, as it shows a nice, even rise in the value of the proposed portfolio the advisor wants...
by deskjockey
Sun Jan 28, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

Nutshellml--I took a quick look at the PDF and saw a few things amiss. The biggest one is that all of the graphs and tables use "hard" numbers based on the "average returns" for the portfolio. That is misleading, as it shows a nice, even rise in the value of the proposed portfolio the advisor wants ...
by deskjockey
Sun Jan 28, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.
Replies: 65
Views: 4551

Re: Allocation Dilemma - Bonds or No Bonds, retiring 8 years @ 50y/o, w/ $ lasting to 90s.

OP--Another fed here, also considering early retirement (55 or 50, if we make our number). To help answer your question, I think we need to step back a bit to get to the root of the argument. He is telling you to ditch bonds (or reduce them significantly) so as to goose your expected returns. That's...
by deskjockey
Sat Jan 20, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: New tax bill allows 529 use for K-12 tuition
Replies: 6
Views: 661

Re: New tax bill allows 529 use for K-12 tuition

Sounds very odd you get a higher deduction by opening multiple "funds". Are you sure those limits aren't per beneficiary, taxpayer, etc? It is odd, but true. Virginia's 529 law specifies that the tax deduction is for each account *(yes, account, not beneficiary or contributor), and the way VA529 im...
by deskjockey
Thu Jan 18, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 142
Views: 7693

Re: Short Commute or Nicer House?

As others have said, this decision hinges on your personal desires and personality. Do you hate being stuck in traffic (at any time of day)? Does commuting leave you anxious and/or tired on a routine basis? If so, you probably would be better off with option 1. If you don't mind sitting in traffic a...
by deskjockey
Mon Jan 15, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3222

Re: PTO policy after international business travel

Five days off is definitely too much to ask for. Uncle Sam, for example, doesn't give its employees any time off after returning from a short (less than a month) trip across multiple time zones. If you want to use up some of your vacation time, you can do that in many cases, but that's about it (and...
by deskjockey
Sat Jan 13, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 11514

Re: IRS announces new withholding tables for 2018

At the time of this post, the IRS has taken down the withholding tables from their site. https://www.irs.gov/pub/irs-pdf/n1036.pdf Not sure what you mean--they're still on the IRS site as of when I'm typing this post, as is the press release announcing them: https://www.irs.gov/newsroom/news-releas...
by deskjockey
Mon Jan 08, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7805

Re: How much are you putting in a 529?

I put in 70k when my baby was about 6 months. My ? Is can this $ be used for k12/elementary education worldwide/overseas or limited to the US. We r US expats living overseas. If it’s allowed, will put in another 15k this yr. I read the law, it does nt state it’s not allowed for overseas schools but...
by deskjockey
Mon Jan 08, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7805

Re: How much are you putting in a 529?

We put $8,000 into 529s for each of our two kids every year, and have done so since birth. This gives us a nice tax benefit in VA, since we use the Invest529 plan. We've got about $185K in their accounts as of now and plan to fund it until we have enough to fully pay for in-state attendance at UVA....
by deskjockey
Sat Jan 06, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7805

Re: How much are you putting in a 529?

We put $8,000 into 529s for each of our two kids every year, and have done so since birth. This gives us a nice tax benefit in VA, since we use the Invest529 plan. We've got about $185K in their accounts as of now and plan to fund it until we have enough to fully pay for in-state attendance at UVA. ...
by deskjockey
Wed Jan 03, 2018 2:19 am
Forum: Investing - Help with Personal Investments
Topic: Help! Made a mistake setting up Ally CDs-any repercussions?
Replies: 4
Views: 936

Re: Help! Made a mistake setting up Ally CDs-any repercussions?

Thanks, folks! I ended up on hold with Ally for 70-some minutes (apparently everyone was trying to get in on the CD deal), but in the end they were able to cancel the ACH transfers from their end. I also checked with Capital One to ensure that any ACH requests that would reate an overdraft would be ...
by deskjockey
Tue Jan 02, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Made a mistake setting up Ally CDs-any repercussions?
Replies: 4
Views: 936

Help! Made a mistake setting up Ally CDs-any repercussions?

I set up a couple of CDs at Ally a few minutes ago, but in doing so, I screwed up and set up an immediate ACH pull instead of not funding the CD immediately. The reason I wanted to wait is that the money is coming from Vanguard into a checking account at Capital One, and will not arrive until Thursd...
by deskjockey
Fri Dec 29, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 31767

Re: Ally Bank 11 month [No-Penalty CD]

I believe you can open the new CDs and take up to 10 days to fund them and still get the locked in rate. So, i will plan to open them Jan 2, and hope my checking account gets opened by Jan 12, otherwise i will convert them paying the $10 for the extra transactions... I just checked Ally's rules on ...
by deskjockey
Fri Dec 29, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 171
Views: 21242

Re: TurboTax Prices

Amazon now has Turbotax Premier for $54.99 for both the CD and download. That's the best price I've seen from a trusted vendor. I just bought my copy.
by deskjockey
Mon Dec 25, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Is mid-Jan 2018 too early to count on new 529 laws?
Replies: 7
Views: 1197

Re: Is mid-Jan 2018 too early to count on new 529 laws?

Thanks. I'm not sure if we would have contributed this year...but that's true, if we were going to, it would be a wash. It's more for cashflow purposes as we now have a new bucket of money to draw from, so as not to deplete our day to day capital, and that bucket can then be refilled anytime later ...
by deskjockey
Mon Dec 25, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: ? Can use 529 for foreign/overseas secondary school?
Replies: 2
Views: 452

Re: ? Can use 529 for foreign/overseas secondary school?

The tax reform law does not specify one way or the other, so we will likely need to wait for IRS guidance to clear that up. Given the current guidance on using 529s for colleges and universities overseas, I would suspect the rules will significantly limit your ability to pay for a foreign private sc...
by deskjockey
Sat Dec 23, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Using 529 for grade school- help with strategy
Replies: 45
Views: 3888

Re: Using 529 for grade school- help with strategy

If you live in Virginia, cash-flowing private school tuition through several Virginia 529 accounts may be a very good way of reducing your state taxes. Since you get a $4,000 deduction per account (NOT per child), you can open several accounts (Virginia has two stable value options, so you could ope...
by deskjockey
Fri Dec 22, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21397

Re: Do you see a meaningful change in your income with new Tax Bill?

The calculators I've used predict we'll save about $9K under the new tax laws. Sweet! I'll be plowing that into taxable and 529s for private school.
by deskjockey
Fri Nov 17, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 9555

Re: Has used furniture dropped in value dramatically?

As far as my sailboat is concerned, perhaps the worst piece of pass down furniture one could possess, well, they are going to be prying that out of my cold, dead fingers. If you don't think they'll want the boat, why not ask to have them bury you in it? Might kill two birds with one stone, so to sp...
by deskjockey
Wed Sep 20, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4786

Re: Buying nightguards (teeth grinding)

I'm currently using a generic store-bought mouth guard. It does the job and I still sleep well. That said, it is bulky and somewhat uncomfortable. Once it wears out, I think I'll upgrade to a customized-by-mail mouth guard. These are pricier that a store-bought one (about $80-150 online) but promis...
by deskjockey
Sun Sep 17, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4786

Re: Buying nightguards (teeth grinding)

I'm currently using a generic store-bought mouth guard. It does the job and I still sleep well. That said, it is bulky and somewhat uncomfortable. Once it wears out, I think I'll upgrade to a customized-by-mail mouth guard. These are pricier that a store-bought one (about $80-150 online) but promise...
by deskjockey
Tue Sep 12, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Large portable generator vs. permanent natural gas generator for home
Replies: 67
Views: 5008

Re: Large portable generator vs. permanent natural gas generator for home

I realize this a subjective question but how is the noise from whole house generators? I've heard a couple running in my area, probably in monthly test mode, and they were loud. I guess that's the tradeoff to have everything operating normally. Mine is pretty quiet when you're in the house--I have ...
by deskjockey
Tue Sep 05, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Did Charmin UltraSoft TP become "UltraThin"?
Replies: 61
Views: 4604

Re: Did Charmin UltraSoft TP become "UltraThin"?

We picked up Costco's Kirkland brand TP this last time and we are not impressed. Real thin, not soft, prone to the "brown finger poncho" effect. I do think we are all rather spoiled here in the first world... You'd think, but not all of the first world has access to quality TP. In the UK, TP is, we...
by deskjockey
Tue Sep 05, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple 529s?
Replies: 8
Views: 812

Re: Multiple 529s?

Depending on your state and whether you get a tax break, it may be a good idea to open more than one, even if you only have one kid. For example, in Virginia, you can deduct up to $4,000 saved per child per account , so if you are saving a lot per child, you can open multiple accounts and increase y...
by deskjockey
Fri Aug 18, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 11004

Re: Non-fiction bucket list

A World Lit Only by Fire and The Glory and the Dream , both by William Manchester. The first is a very good introduction to the Middle Ages, and the second is an excellent narrative history of mid 20th century America. I'm sure that A World Lit Only by Fire is very interesting and enjoyable, but mu...
by deskjockey
Fri Aug 18, 2017 10:05 am
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 11004

Re: Non-fiction bucket list

A World Lit Only by Fire and The Glory and the Dream , both by William Manchester. The first is a very good introduction to the Middle Ages, and the second is an excellent narrative history of mid 20th century America. Traffic , by Tom Vanderbilt. This is a very thought-provoking overview of transp...
by deskjockey
Wed Aug 16, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 89
Views: 25409

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

Proposal 7— A shareholder proposal to institute transparent procedures to avoid holding investments in companies that, in management’s judgement, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights. While I certainly don't condone genocide,...
by deskjockey
Wed Aug 16, 2017 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 7547

Re: please help...am I overextended - first home

What kind of RE contract allows you to back out within 10 days? Is it contingent on financing or inspection? You might not be able to back out for other reasons. My realtor said that the ball is my court, I have 10 days to back out and it could be for something as simply as the dog next door barks ...
by deskjockey
Tue Aug 15, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 7547

Re: please help...am I overextended - first home

Wow, thank you for sharing that Happy to help. You may want to go ahead and make a rough estimate of your home maintenance expenses before deciding to take the plunge. Here's one idea for how to do so: https://www.thebalance.com/home-maintenance-budget-453820 It's your call, ultimately, and you'll ...
by deskjockey
Tue Aug 15, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 7547

Re: please help...am I overextended - first home

I agree with others who've said you will be overextended. The budget you cite will be very, very tight--just a little bit of extra stress will break it. In effect, you would be one or two unexpected expenses away from getting into a debt spiral (or worse). Think about it that way: If your car dies o...
by deskjockey
Sun Aug 13, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: TSP only vs TSP and Vanguard IRA
Replies: 19
Views: 1870

Re: TSP only vs TSP and Vanguard IRA

OK, back after re-reading the posts above and a few more resources. We're definitely disqualified from deducting tIRA contributions based on income limitations . It seems that after I max the TSP at $18k (and $24k after 50), I'll need to calculate modified AGI to see if we're above or below the mAG...
by deskjockey
Wed Aug 09, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: Time to leave our dentist??
Replies: 54
Views: 7064

Re: Time to leave our dentist??

This is a timely thread for me. My old dentist retired a couple of months ago and last week I went to see one of the dentists who bought his practice. The new dentist said he saw a cavity that needed filling. Granted, I've been living in a city where the water is not fluoridated for the past year, b...
by deskjockey
Wed Aug 09, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to file a gift tax return?
Replies: 26
Views: 2233

Re: Do I need to file a gift tax return?

Didn't I already say that if you are running business and taking various depreciation and associated tax benefits etc, then that is completely different than disposing or selling private property to private individual at "fair" or below "fair" market price when both the buyers and sellers are using...
by deskjockey
Wed Aug 09, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to file a gift tax return?
Replies: 26
Views: 2233

Re: Do I need to file a gift tax return?

thangngo wrote:Do you file joint return with your wife? If so, you both have 28,000 threshold.
Yes, we file a joint return.
by deskjockey
Wed Aug 09, 2017 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Do I need to file a gift tax return?
Replies: 26
Views: 2233

Do I need to file a gift tax return?

It just dawned on me that I might have been required to file a gift tax return for 2016, but I'm not sure. Here are the particulars: I gifted my car to my parents last year. The fair market value at the time was $24,500 (according to both KBB and my local county tax authority). The transaction was r...
by deskjockey
Tue Jul 25, 2017 1:23 am
Forum: Local Chapters and Bogleheads Community
Topic: Suggestions for the Wiki
Replies: 401
Views: 209030

Re: Suggestions for the Wiki

On a separate note, I found this handy calculator at Vanguard that allows you to do a quick and dirty comparison at to whether to keep money in a UTMA or move it over to a custodial 529 account. It takes into account the kiddie tax, tax-free 529 disbursements, and the expense ratio of the UTMA and ...
by deskjockey
Mon Jul 24, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 4438

Re: Pay yourself first.

We have most of our savings taken out via payroll deduction and have contributions to our 529 plans automatically deducted from checking. For taxable savings, I manually move amounts over after bills are paid because our monthly expenses are variable enough to make automated withdrawals hard to pull...
by deskjockey
Sun Jul 23, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Retired and Lost :( Thrift Savings Plan Question
Replies: 9
Views: 2176

Re: Retired and Lost :( Thrift Savings Plan Question

First thing you need to do is read up on the TSP's required minimum distribution (RMD) rules--bottom line, you don't have to withdraw ALL of your TSP money when you turn 70.5. What happens is that, at that point, TSP requires you to start taking RMDs (just like IRAs and 401ks do). These RMD are a po...
by deskjockey
Sun Jul 23, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: When doing retirement planning, do you count your spouse's savings?
Replies: 42
Views: 4712

Re: When doing retirement planning, do you count your spouse's savings?

As you can see, there are many different opinions on the topic. My personal take, if you combine your finances, do joint planning. If you keep finances separate (either completely or to some degree), plan separately. If you're thinking divorce is a possibility, plan for the worst case--look up the l...
by deskjockey
Sun Jul 23, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: When to switch from Roth 401k to traditional 401k
Replies: 21
Views: 1720

Re: When to switch from Roth 401k to traditional 401k

What do Bogleheads consider a "substantial pension"? For instance, I will be eligible for an active duty pension beginning at age 53. At age 50, I will begin collecting a pension from a previous employer. Both pensions would equate to approximately $60-70K per year, combined. Would a $60k pension b...