Search found 3107 matches

by dodecahedron
Tue Aug 08, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan for Nanny
Replies: 7
Views: 1227

Re: Retirement Plan for Nanny

Perhaps this is semantic but I think the best thing you can do is help her set up her own Solo 401K. It would be up to her to contribute, not because you "expect" anything. She is an independent contractor. The IRS is unlikely to agree with aristotelian. "Nannies" generally provide care in the chil...
by dodecahedron
Sat Aug 05, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: Roth conversions after start of SS benefits (for low expense couples)
Replies: 16
Views: 1470

Re: Roth conversions after start of SS benefits (for low expense couples)

This is a useful thread. Thanks for starting it. This simple example illustrates some helpful ways to look at things. As a low-expense widow in her early 60s who is also planning substantial QCDs once I reach 70 1/2, my situation is somewhat different because I don't expect to have as much "hea...
by dodecahedron
Fri Aug 04, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7072

Re: Study: Who Sold Stock During the 2008-9 Crash?

The vast majority of these studies are suspect because they don't have purchase data, only sales. What you did with the cash is much more important? Did you leave it in cash, invest in another fund, TLH, etc? Agreed. I would have loved to see the original 3-D chart not just for sales, but also purc...
by dodecahedron
Thu Aug 03, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: 2016 Backdoor Roth contribution deadline
Replies: 9
Views: 475

Re: 2016 Backdoor Roth contribution deadline

Wow - great info! I just set up a Solo 401K at Fidelity (in order to roll my tIRA into Solo 401K so I can convert non deductible tIRA to Roth). I heard that I can't have both SEP IRA and Solo 401K at the same time, is that right? You can have both an SEP-IRA and a Solo 401k but it won't increase th...
by dodecahedron
Thu Aug 03, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

I have 2 questions for folks who own one: 1) Aren't there cheaper alternatives to this product? I believe $50 7-in-1 devices exist with the exact same program options. I paid $69 for my IP, thanks to BH alert that it was on sale on Amazon Prime Day in 2016. There may be cheaper knockoffs but I like...
by dodecahedron
Thu Aug 03, 2017 6:58 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

Put oats, water, and a bit of salt in a pyrex glass dish sitting on top of the steamer rack. Put top on, press a few buttons, go out for a short early morning walk and come back to wonderful oatmeal. I think the IP is quicker than the Zoj. My Zoj starts indicating 65 minutes, but the fuzzy logic kn...
by dodecahedron
Thu Aug 03, 2017 6:52 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

And also: Why is the cleanup so much easier? Isn't there the same "oatmeal inside the pot/container" problem? Cleanup is so much easier because the oatmeal doesn't touch the Instant Pot. The only thing touching the Instant Pot is water. The oatmeal cooks in a single serving glass Pyrex bo...
by dodecahedron
Thu Aug 03, 2017 12:00 am
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

The instant pot, and possibly the paving of the lawn guy's paradise, seem suited to the next edition of the Andrew Tobias book. Thanks for reminding me of that awesome book. My husband (also an economist) and I both memorably read that book early in our relationship. It came out while we were in gr...
by dodecahedron
Wed Aug 02, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: 2016 Backdoor Roth contribution deadline
Replies: 9
Views: 475

Re: 2016 Backdoor Roth contribution deadline

One final ray of hope: if you had any self-employment income in 2016, you can establish and contribute to an SEP-IRA all the way up to October 16, 2017. Wow - great info! I just set up a Solo 401K at Fidelity (in order to roll my tIRA into Solo 401K so I can convert non deductible tIRA to Roth). I ...
by dodecahedron
Wed Aug 02, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: 2016 Backdoor Roth contribution deadline
Replies: 9
Views: 475

Re: 2016 Backdoor Roth contribution deadline

One final ray of hope: if you had any self-employment income in 2016, you can establish and contribute to an SEP-IRA all the way up to October 16, 2017. Note that, for those with eligible self-employment income, an SEP-IRA can be an even better deal than a traditional or Roth IRA. The amounts you ar...
by dodecahedron
Wed Aug 02, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: 2016 Backdoor Roth contribution deadline
Replies: 9
Views: 475

Re: 2016 Backdoor Roth contribution deadline

Also, note that technically there is no such thing as a "backdoor Roth contribution ." To execute a backdoor Roth, what you do is 1) contribute to a (nondeductible) traditional IRA and then subsequently 2) convert your traditional IRA to a Roth IRA. So if you have already done step 1, i.e....
by dodecahedron
Wed Aug 02, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: 2016 Backdoor Roth contribution deadline
Replies: 9
Views: 475

Re: 2016 Backdoor Roth contribution deadline

Unfortunately, you have missed the boat for making a 2016 IRA contribution, whether traditional or Roth. As this IRS webpage makes clear, the deadline for 2016 IRA contributions was April 18, 2017. Even though you may have successfully submitted Form 4868 to request an extension for filing your Form...
by dodecahedron
Wed Aug 02, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

I've been wanting to make my entire backyard (its small; 400 sqft or so) a paverstone patio for years now. Then I can fire the lawn service. The yield on that investment is 16.8% per year in saved lawn fees. That's how I'm justifying the expense to myself anyway Ha! I am currently doing a bunch of ...
by dodecahedron
Wed Aug 02, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Re: Best "investment tip" I have gotten from Bogleheads

What are your favorite recipes? Soups of all kinds: butternut squash and sweet potato with ginger, curried split pea, all kinds of ways to do lentils, 15 bean soups. Supereasy to whip up a batch of soup, which I store in single serving covered glass pyrex dishes in the fridge to be reheated or free...
by dodecahedron
Wed Aug 02, 2017 8:39 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 44
Views: 6004

Best "investment tip" I have gotten from Bogleheads

As a card-carrying economist, I construe the word "investment" more broadly than most folks, and it therefore hit me today that the suggestion to acquire an Instant Pot (electronic pressure cooker) , something that never would have occurred to me had I not seen enthusiastic endorsement her...
by dodecahedron
Fri Jul 28, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403(b) company is the least horrible?
Replies: 13
Views: 994

Re: Which 403(b) company is the least horrible?

Deleting any that mention "annuity" or "life insurance" gets you to American Century Services LLC Mutual Funds 1-800-345-3533 Faculty Services Corp. 1-845-297-0300 Foresters Financial (First Investors) Mutual Funds 1-800-423-4026 FTJ Fundchoice, Inc Investment Advisory Services ...
by dodecahedron
Thu Jul 27, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Vanguard QCD Process
Replies: 6
Views: 460

Re: Vanguard QCD Process

See also this article by Michael Kitces, which strongly suggests that you want to have a record of WHEN the charity cashed your QCD check: m Writing a check payable to your charity of choice from an account within your IRA would seem to give you better access to the records of when the charity cashe...
by dodecahedron
Thu Jul 27, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Vanguard QCD Process
Replies: 6
Views: 460

Re: Vanguard QCD Process

See the discussion on this forum thread , which includes a link to a Kiplinger article suggesting that if your IRA (at Vanguard or any other custodian) includes a fund with check-writing privileges (e.g., a money market account), you can simply make QCDs by writing checks drawn on that fund in your ...
by dodecahedron
Thu Jul 27, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: CD Rates so much higher than bonds?
Replies: 14
Views: 2030

Re: CD Rates so much higher than bonds?

Another thing that has not been mentioned yet is state taxes. With cds you pay it with treasuries you don't. I don't know much of anything about treasuries. Is this true if you own a treasury fund or do you have to own treasuries directly for this to be true? Some state and local governments prorat...
by dodecahedron
Fri Jul 21, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4439

Re: Please explain Capital Gains tax after retirement

Anyone who thinks that the IRS instructions are the best way to understand how capital gains are taxed Might want to take a look at this delightful page:

https://app.cs.amherst.edu/~djvelleman/irs.pdf
by dodecahedron
Thu Jul 20, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: SS survivor's benefit for my spouse
Replies: 15
Views: 1095

Re: SS survivor's benefit for my spouse

ETA: This page (m) from the SS site states " Widow or widower, full retirement age or older -- 100 percent of the deceased worker's benefit amount;" This book (m) says pretty much the same thing (page 6). ETA: Yes, the m program agrees with my take on this, says: 1.Fred will file for his ...
by dodecahedron
Thu Jul 20, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: Can anyone convince me I need international stock in my portfolio?
Replies: 162
Views: 8377

Re: Can anyone convince me I need international stock in my portfolio?

Thirty years is, in fact, not a lot of history. Diversification is the one free lunch of investing. I wouldn't want to pick a hot sector that outperformed, either. So, I buy the world. But this assumes that all businesses in the world are equivalent as far as productivity, efficiency, and profitabi...
by dodecahedron
Wed Jul 19, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is this market timing? (with charitable giving)
Replies: 12
Views: 820

Re: Is this market timing? (with charitable giving)

Further thought: if you are planning to give $100 per year of appreciated securities directly to typical moderately sized charities (rather than a large DAF), you are going to create a significant amount of administrative cost for them each year because they have to pay staff to do the bookkeeping, ...
by dodecahedron
Wed Jul 19, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Is this market timing? (with charitable giving)
Replies: 12
Views: 820

Re: Is this market timing? (with charitable giving)

Also, I don't believe any DAF's will accept $500. Gill Schwab DAF (and I believe Fidelity's DAF as well) accept contributions as low as $500. (It takes a minimum of $5K to open the account initially, but there is no minimum balance requirement and subsequent contributions can be as low as $500.) Mi...
by dodecahedron
Mon Jul 17, 2017 10:02 am
Forum: Personal Finance (Not Investing)
Topic: gaming the mortgage interest deduction
Replies: 18
Views: 2378

Re: gaming the mortgage interest deduction

Here is a good article with points to think about: m My take on this: if your parents want to help you out, then they would probably be best off selling to you at FMV (fair market value) and giving you a low interest loan rather than discounting the purchase price. Why? 1) The low interest loan does...
by dodecahedron
Wed Jul 12, 2017 11:29 pm
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4061

Re: Solar panels

Yes, I'm on net metering myself, however those with a ppa can still be hit with transmission charges. That may be the policy in other states, but apparently not in NY. I have seen actual bills for customers with PPAs and their net metering offsets both the supply and transmission charges, leaving o...
by dodecahedron
Tue Jul 11, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4061

Re: Solar panels

Last year, my total electric bill was about $1,500 and the local power company recently requested a 20% rate increase for next year, which they subsequently lowered to a 17.5% increase. Since my roof is not suitable for solar (slate roof, highly shaded by tall trees), I have been looking into a sol...
by dodecahedron
Tue Jul 11, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5055

Re: What is the advantage of deferring taxes vs paying them up front?

If you are still earning income, the question of how much to tax-defer and how much to pay taxes on remains, especially if your deductions are not very high. It is quite difficult to answer the question without an accurate crystal ball. I still earn income. I put all of my earned income into my 401...
by dodecahedron
Tue Jul 11, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: instant pot [Pressure cooker]
Replies: 34
Views: 2953

Re: instant pot [Pressure cooker]

I'm a big fan of the way my Zojirushi cooks steel cut oats, but I am a bit bothered that I don't like the results unless I start with at least a half cup of oatmeal. Is the Instant pot less finicky with smaller portions? Cooking time isn't a bid deal to me. I find smaller portions (a quarter cup of...
by dodecahedron
Tue Jul 11, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 57
Views: 4061

Re: Solar panels

Last year, my total electric bill was about $1,500 and the local power company recently requested a 20% rate increase for next year, which they subsequently lowered to a 17.5% increase. Since my roof is not suitable for solar (slate roof, highly shaded by tall trees), I have been looking into a sola...
by dodecahedron
Tue Jul 11, 2017 9:37 am
Forum: Personal Consumer Issues
Topic: instant pot [Pressure cooker]
Replies: 34
Views: 2953

Re: instant pot [Pressure cooker]

I love mine. I use it daily for steel cut oatmeal, soups of all kinds, and my latest is cooking frozen pieces of boneless/skinless chicken with salsa or broth (super fast, moist, and delicious without need for advance defrosting). Stainless liner is super easy to clean. Can saute right in same pot b...
by dodecahedron
Thu Jul 06, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: HSA contribution question
Replies: 6
Views: 568

Re: HSA contribution question

I was under the impression that the amount is prorated. Is that not true? I'm 99% sure it's prorated. The divorce would be a Qualifying Event for updating your insurance, and at that point you would update your contributions to the new lower level. Detailed instructions for proration are in the IRS...
by dodecahedron
Thu Jul 06, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: HSA contribution question
Replies: 6
Views: 568

Re: HSA contribution question

Hello! I understand that the HSA annual max for someone under 55 years is 3400 if single and 6750 if married. No. The limits do not depend on filing status. The contribution limit is $3,400 for a taxpayer (married or single) with *individual* self-only qualifying high deductible health insurance co...
by dodecahedron
Tue Jul 04, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5055

Re: What is the advantage of deferring taxes vs paying them up front?

Deferring taxes give you the use of the money you would have otherwise paid in taxes. Also, you may never have to pay the tax at all if you die owning the appreciated asset. Gill Other ways you might never have to pay the taxes on your deferred capital gains include donating the appreciated shares ...
by dodecahedron
Tue Jul 04, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: High Income, High Debt, Low Life Expectancy
Replies: 21
Views: 4620

Re: High Income, High Debt, Low Life Expectancy

Note that if your spouse continues to work after your death and earn anything like the current amount, that will disqualify the spouse collecting benefits notwithstanding fact that the surviving spouse is caring for a young child. (The child will get benefits but not the working widow[er].)
by dodecahedron
Tue Jul 04, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: vanguard fixed annuity vs favorite nonprofit annuity
Replies: 9
Views: 982

Re: vanguard fixed annuity vs favorite nonprofit annuity

Typically the non-profit annuities provide significant funding to the non-profit (i.e. the payout to you is lower). Yes, by law they must be structured in a way that gives at least some (actuarial expected present discount value) funding to the charity, but they also give you a current upfront tax ...
by dodecahedron
Mon Jul 03, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy this house?
Replies: 50
Views: 4339

Re: Should I buy this house?

Seems odd to spend so much for a home given how few waking hours you have to enjoy it.
by dodecahedron
Sun Jul 02, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6250

Re: Should I move abroad to minimize health care costs?

What happens to Social Security if one moves abroad? What happens to it if the person changes citizenship? Yes, US citizens living overseas can continue to receive Social Security, though there are a few countries (e.g., North Korea, Cuba) where SSA can't mail checks. There are additional restricti...
by dodecahedron
Fri Jun 30, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

There are different valuation rules for paper and electronic contributions to charity, so your example of stock mailed does not translate to the electronic world. It is admitted tricky to figure out the analogous date to the "date of stock mailed" for electronic transmission. Note that Va...
by dodecahedron
Fri Jun 30, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

In the short run, the difference can often be positive news as much as negative news. If you do this more than once, the average should even out (karma). In the worst case, if something goes against you, it's only going to be a fraction of the donation and the amount you deduct is going to be a fra...
by dodecahedron
Fri Jun 30, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

By the way, the same date considerations apply to gifts of securities to noncharitable donees for the purposes of gift tax valuation. If I mail paper stock certificates to my nephew in remote Alaska today along with paperwork irrevocably relinquishing my ownership in the securities and arranging to ...
by dodecahedron
Fri Jun 30, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

Is it possible that what Ally meant to say is that they would process the transaction at today's price even if it shows up in the account at Schwab in 10 days? Not quite sure what you mean when you say that Ally "would process the transaction at today's price." You certainly do not want A...
by dodecahedron
Fri Jun 30, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

Perhaps a transfer of assets in kind is what I need to do...I was under the impression that I couldn't do that from one taxable account to another without selling the asset and incurring capital gains. I was able to do an in kind transfer of assets of Vanguard to Schwab (and the assets in question ...
by dodecahedron
Fri Jun 30, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Confusion [Donor Advised Fund]
Replies: 18
Views: 1064

Re: DAF Confusion

If you needs things to happen quickly, then you probably should hold the funds in a Schwab account for donating to Schwab Charitable. I would assume you could do the transaction electronically, and it would happen much more quickly. At least it happens quickly between Vanguard and Vanguard Charitab...
by dodecahedron
Thu Jun 29, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring an executor for my will
Replies: 72
Views: 7244

Re: Hiring an executor for my will

Talk to the charities that you are interested in leaving legacies to. One of them may be willing to accept your home as a "deferred gift," where they will automatically take possession of your home at your death but you retain the lifetime right to live there. You would get up an upfront c...
by dodecahedron
Thu Jun 29, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - deposit limit exceeded by home closing check
Replies: 24
Views: 2485

Re: Ally Bank - deposit limit exceeded by home closing check

I mean, in fairness to Ally, I don't know any other bank that accepts up to $50k by taking a picture with your smartphone. Indeed! I have accounts at Ally but I am also glad to have a (free) account at BoA, which has a brick and mortar branch a mile away from my home as well as an ATM that will acc...
by dodecahedron
Wed Jun 28, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How does a POD CD actually work when the owner dies
Replies: 19
Views: 4560

Re: How does a POD CD actually work when the owner dies

I was POD beneficiary on a 5-year Ally CD owned purchased by my late husband three years before his death and vice versa. I contacted Ally by phone and they moved his CD into my name (so when I logged into my account online I could see both the CD I had originally purchased in my name and the one he...
by dodecahedron
Wed Jun 28, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Relative Reluctant to give POA
Replies: 30
Views: 2521

Re: Elderly Relative Reluctant to give POA

There are two scenarios: 1. Someone else has POA . They can write checks, pay bills, sell assets, move money around, etc. The POA is granted by the person for whom you have it. Usually they execute it prior to becoming mentally incapacitated. Often the person who received POA won't do anything with...
by dodecahedron
Tue Jun 27, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can you transfer < $100K Admiral shares in kind?
Replies: 12
Views: 2661

Re: Can you transfer < $100K Admiral shares in kind?

Generally one can transfer any mutual fund that the new custodian allows you to hold. Most Vanguard Investor share funds will transfer. Some custodians can accept Admiral shares and sometimes allow reinvestment, but not new money buys. One should check with the custodian to get the specifics at the...