Search found 3994 matches

by dratkinson
Sat Dec 16, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 53
Views: 8613

Re: 2nd million is easier!

"The 2nd million is easier!" I heard this a long time ago.

To make it actionable, I stopped working on my first million... and started on the second. :)
by dratkinson
Sat Dec 16, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: IRA for SAHM whose husband exceeds income limits?
Replies: 6
Views: 735

Re: IRA for SAHM whose husband exceeds income limits?

BH IRA for SAHM whose husband exceeds income limits Backdoor Roth IRA. When income is too high, and you want to continue investing in a rIRA (Roth IRA), then investigate the "backdoor Roth IRA" concept. See: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA Note: Owning any tIRA (traditional IRA) ca...
by dratkinson
Wed Dec 13, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Tom's First Post needing portfolio help
Replies: 10
Views: 1054

Re: Tom's First Post needing portfolio help

BH Tom’s First Post needing portfolio help ... Question 1: I know retirement is a long time away, but how can I try to know what a target amount of money should be for retirement? Asked another way, am I currently on pace to retire in my mid 60s or do I need to save more/live on less? Question 2: I ...
by dratkinson
Tue Dec 12, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Kerosene Heater (for power-out emergencies)
Replies: 33
Views: 1711

Re: Kerosene Heater (for power-out emergencies)

Here are responses to some of the comments above - Rather than using a risky and potentially dangerous kerosene heater, why not install a backup generator to provide electricity to the furnace? I'm assuming since power outages are thing that you've got a propane or natural gas furnace We have oil. ...
by dratkinson
Tue Dec 12, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Kerosene Heater (for power-out emergencies)
Replies: 33
Views: 1711

Re: Kerosene Heater (for power-out emergencies)

Could research adding a direct-vent wall heater to the other room. See: http://www.google.com/search?q=direct+vent+wall+heater Ensure it can operate during a power outage. The ones using a standing pilot light + thermopile + millivolt thermostat should be able to. (This is the way a standing pilot l...
by dratkinson
Sat Dec 09, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 38
Views: 2642

Re: Whole House Surge Protector still works with breaker off?

How did they leave it finished under your panel?
--In a small, neat hole in the wall?
--In a small, neat hole in the wall, dressed up by a flush mount panel? If so did they use the Eaton part, or did they make one on-site?
by dratkinson
Thu Dec 07, 2017 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help with automating all month-to-month bills
Replies: 10
Views: 979

Re: Help with automating all month-to-month bills

I prefer paper statements for visibility and ease of management, and as a paper trail for our dependents and heirs. I set up ABP (automatic bill payment) plans with each trustworthy creditor. ABP pays by ACH pull. --Some creditors accept ABP payment by CC, so use a 2% Citi card. --All CCs set up on ...
by dratkinson
Tue Dec 05, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Making Best Use of Being in 15% Income Tax Bracket This Year
Replies: 22
Views: 2966

Re: Making Best Use of Being in 15% Income Tax Bracket This Year

--May owe state tax on capital gain harvest.
--Roth conversion taxed as ordinary income.

Greatest long-term benefit would seem to come from Roth conversion.
by dratkinson
Tue Dec 05, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Fisher Investments
Replies: 14
Views: 1956

Re: Fisher Investments

TravelGeek wrote:
Mon Dec 04, 2017 9:02 pm
euroswiss wrote:
Mon Dec 04, 2017 8:00 pm

agreed - someone has to pay for all those glossy brochures.....
Right, I must have gotten at least $10 worth of marketing material in the mail over the years. Unsolicited.
Finest brochures I've every shredded. They eventually stop.
by dratkinson
Sat Dec 02, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: US Tax Law Question- Safe Harbor for Estimated Quarterly Payments
Replies: 9
Views: 953

Re: US Tax Law Question- Safe Harbor for Estimated Quarterly Payments

I think if you pay any extra owed with form 4868 (Automatic Extension of Time to File), then you are okay. Which means you could do an early draft of your tax return(s), compute the amount owed and send it in with form 4868, and watch it get deducted from your checking account. Then file your federa...
by dratkinson
Sat Dec 02, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Funds creeping into non tax efficient accounts
Replies: 6
Views: 671

Re: Funds creeping into non tax efficient accounts

The short answer. You could use a Fidelity target date retirement funds in your tax-advantaged accounts. They will manage/rebalance themselves. And Fidelity's TSM and TBM (if in a low tax bracket), or a municipal bond fund (if in a higher tax bracket), in taxable. The long answer. We'd need to know ...
by dratkinson
Sat Dec 02, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: I'm new and need some advice/guidance
Replies: 5
Views: 352

Re: I'm new and need some advice/guidance

Hello I've never invested before and every time i try to read something about it my mind starts shutting down. Can someone explain to me in simple step by step instructions how I can invest about $200K to generate about 2-3% of guaranteed interest? Thanks so much! 2-3% over the short term and guara...
by dratkinson
Fri Dec 01, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Placement and Tax Efficiency
Replies: 19
Views: 1242

Re: Bond Placement and Tax Efficiency

BH Bond Placement and Tax Efficiency ... Thanks for your thoughts and experience, dratkinson . I'll look into the muni funds. It seems there are a good number of taxable bond options (including VWLTX/VWITX), so I'll have to sort through them and figure things out. Do/did you personally hold most of ...
by dratkinson
Thu Nov 30, 2017 8:34 pm
Forum: Investing - Theory, News & General
Topic: VWIUX recent share price decline [Vanguard Intermediate-Term Tax-Exempt]
Replies: 16
Views: 1522

Re: VWIUX recent share price decline [Vanguard Intermediate-Term Tax-Exempt]

VWIUX is trading at ~midpoint of its 52week range, so it doesn't appear to be "on sale". I use it as the last/largest tier of my formal EFs, so the opportunity to buy more on-sale would be nice. I suppose muni tax policies could change, if... --Every state would agree to give up the ability to borro...
by dratkinson
Thu Nov 30, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Placement and Tax Efficiency
Replies: 19
Views: 1242

Re: Bond Placement and Tax Efficiency

Another vote to skew your tax-advantaged space to equities for greater long term growth. Why? More tax-sheltered growth is better than less. Let your retired self worry about the problem of going into retirement with more money. To make up any TA bond shortfall, can add a national municipal bond fun...
by dratkinson
Tue Nov 28, 2017 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7671

Re: Divs and Cap Gains are killing me

BH Divs and Cap Gains are killing me OP, you don't have a problem until your distributions push you into the next higher tax bracket. :) I joined the forum with a similar problem, except my distributions were pushing me into next tax bracket. A forum review explained how to invest for total return (...
by dratkinson
Tue Nov 28, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Discovered debt
Replies: 63
Views: 7609

Re: Discovered debt

Clarifying information on cost basis. --Taxable. The $300K in taxable has the highest cost basis because you've been paying taxes on those contributions/earning every year. Meaning, that when sold, your taxes will be lower on any amount withdrawn. Could sell the highest cost shares to further reduce...
by dratkinson
Sun Nov 26, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 26
Views: 2830

Re: where should I put my direct deposit?

I've reworked above into a more complete answer.
by dratkinson
Thu Nov 23, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: where should I put my direct deposit?
Replies: 26
Views: 2830

Re: where should I put my direct deposit?

BH where should I put my direct deposit? The short answer. Your stated problem is that you want to save aggressively, but worry about the stress caused from your monthly financial workload and low checking account balance. The answer to your problem is to work less and carry a higher checking accoun...
by dratkinson
Thu Nov 23, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 38
Views: 2642

Re: Whole House Surge Protector still works with breaker off?

@F150HD. A few years back, I installed a SP device like yours in my first circuit breaker panel (workshop service entrance). Bought from HD and remember it being an inexpensive easy homeowner install. I leave the panel cover open so I can see the green light when I walk by. I think it has already sa...
by dratkinson
Wed Nov 22, 2017 9:22 pm
Forum: Personal Consumer Issues
Topic: Whole House Surge Protector still works with breaker off?
Replies: 38
Views: 2642

Re: Whole House Surge Protector still works with breaker off?

The short answer. Your SP is installed and working correctly. Your SP is mounted INSIDE your breaker panel. Your problem is with the aesthetics of the installation; you can change that. The long answer. Sounds like your breaker panel is mounted in a finished wall and electrician (and you) didn't wan...
by dratkinson
Tue Nov 21, 2017 7:19 pm
Forum: Forum Issues and Administration
Topic: Forum polls (restoration of capability using 3rd-party service)
Replies: 2
Views: 474

Re: Forum polls (restoration of capability using 3rd-party service)

The effect would be the same. Here's the site owner's decision: Subject: Polls Disabled After consultation with the Advisory Board, I have disabled polls on this site . The general problem with self-selecting polls is that the results only tell you only about those who chose to respond to the poll....
by dratkinson
Tue Nov 21, 2017 5:29 am
Forum: Forum Issues and Administration
Topic: Forum polls (restoration of capability using 3rd-party service)
Replies: 2
Views: 474

Forum polls (restoration of capability using 3rd-party service)

I sometimes see folks lamenting the loss of the forum's polling capability. I recently stumbled across a free internet polling service. Wondered if an OP linking to one would be acceptable for forum use? See: http://www.google.com/search?q=free+poll No agenda other than to restore a lost capability ...
by dratkinson
Mon Nov 20, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4149

Re: Help with Understanding How to Handle Bonus

... As to the car purchase, my plan was to buy a 2-3 year old Camry. I don't believe that same kind of financing is available for a used car. Am I correct? I did plan on buying from a dealer, so I assume they'd finance it if I wanted. But I thought the really nice financing terms were only availabl...
by dratkinson
Sun Nov 19, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 12995

Re: The valet smashed my Tesla into a brick wall!

Showing my ignorance. Thought the safety features on modern cars allowed them to stop themselves before they hit something. (TV ad: inattentive driver motoring along, vehicle in front stops, modern car stops itself, surprised driver and child smile at each other.) Sorry for your loss. In for the ride.
by dratkinson
Sat Nov 18, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4149

Re: Help with Understanding How to Handle Bonus

... So it sounds like a good compromise and our best course would be to open and fund Roth IRAs up to the max we can for 2017 (given the phaseout). And I understand we can do this by the April filing deadline and have it count as 2017 contributions. We can still pay off the loans by next month and ...
by dratkinson
Thu Nov 16, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?
Replies: 23
Views: 1703

Re: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?

Oh wow so Vanguard payed the 95 dollar fee for you? Do you ask if they will pay it for you? Or if in an in king transfer, would the money come out of my Pepsi stock? Like they wouldn't take a share of my hundred would they? Again, If I Recall Correctly ;), after the transfer completed we noticed 1)...
by dratkinson
Thu Nov 16, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 4149

Re: Help with Understanding How to Handle Bonus

BH Help with Understanding How to Handle Bonus. Hi all, I just found out yesterday that I'll be getting a sizable bonus (35k). ... We currently each contribute the minimum to our 401k accounts to get the match. ... Can someone help me understand the math for using the room in our 401ks to reduce our...
by dratkinson
Wed Nov 15, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?
Replies: 23
Views: 1703

Re: Do I need to talk with my FA at Edward Jones because I want to transfer my stock to Vanguard?

Oh wow so Vanguard payed the 95 dollar fee for you? Do you ask if they will pay it for you? Or if in an in king transfer, would the money come out of my Pepsi stock? Like they wouldn't take a share of my hundred would they? Again, If I Recall Correctly ;), after the transfer completed we noticed 1)...
by dratkinson
Wed Nov 15, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice as to how to invest in a taxable account
Replies: 11
Views: 1512

Re: Looking for advice as to how to invest in a taxable account

Thank you for the information - I had an image in my head of two roth accounts a year for the next 20 years :) As I first mentioned just enough knowledge to end up doing something stupid :D The post tax contributions that my wife can make into her 401K max out at $20K per year. Those are shown as c...
by dratkinson
Wed Nov 15, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Identity Theft Credit Score
Replies: 13
Views: 1200

Re: Identity Theft Credit Score

Former roommate should be criminally prosecuted for identity theft. Your friend should press to get it started.
by dratkinson
Tue Nov 14, 2017 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice as to how to invest in a taxable account
Replies: 11
Views: 1512

Re: Looking for advice as to how to invest in a taxable account

BH Looking for advice as to how to invest in a taxable account Retirement investing. See Wiki topic: https://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement See Wiki topic: https://www.bogleheads.org/wiki/Three-fund_portfolio See forum discussion: https://www.bogleheads.org/forum/...
by dratkinson
Tue Nov 14, 2017 5:36 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 5073

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

No. At least, not any more. But I still have my Excel detail sheets devoted to tracking each so my "by tax year" accounting will work. Example. My MET (demutualization) shares detail sheet got renamed to "x Met" after I sold all to simplify my investments. By looking through my Excel workbook, all o...
by dratkinson
Sun Nov 12, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 255
Views: 26345

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

Sidebar. Recall the creation of the IEX exchange (to get around the front running witnessed by other exchange dark pools) being described in the book "Flash Boys". Interesting read.
by dratkinson
Thu Nov 09, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 255
Views: 26345

Re: [Yahoo Finance no longer works - Alternatives to download securities quotes]

My workaround has been to set up a "My Watchlist" for my mutual funds on Yahoo Finance. It doesn't provide much info other than NAV. But it has an "Export" button which opens up a simple .csv file in Excel. I then copy/paste the NAVs into my main Excel spreadsheet. I tried it about 7:30 EST tonight...
by dratkinson
Tue Nov 07, 2017 5:12 am
Forum: Investing - Help with Personal Investments
Topic: How to say goodbye to my last individual stock
Replies: 11
Views: 1549

Re: How to say goodbye to my last individual stock

Had some MET stock from the demutualization. Cleaned it out in 2015 and felt like a fool when it was up in the next month. Felt like a genius in the next year when it was below where I sold.

I'm glad it's gone.
by dratkinson
Tue Nov 07, 2017 5:03 am
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 3587

Re: Car battery?

I posted a similar topic back in July. I have had like 3 batteries in less than five years. From the many comments I received I concluded my batteries were not lasting due to my change in commuting status. When I commuted 100 miles a day, my original battery lasted 10 years. But since I retired bac...
by dratkinson
Sun Nov 05, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: How does a conversion to a Roth IRA affect cap gains tax rate?
Replies: 8
Views: 791

Re: How does a conversion to a Roth IRA affect cap gains tax rate?

Married filing jointly. My wife and I have a taxable income before any capital gains or Roth IRA conversion of $62,000 (wages, interest, etc.). We have converted $18,000 to a Roth IRA from a Trad IRA this year (basis for the TIRA was $0). We have taken a total of $42,000 in capital gains. My questi...
by dratkinson
Fri Nov 03, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 255
Views: 26345

Re: Excel Macro using Yahoo Finance- not working

My old PC doesn't work with newer websites (Google docs,...), but did work with Gummy's macro. In the past, I use to copy/paste website tabular data directly in Excel with good results, so went looking. Found I could create a "Custom Portfolio" at www.ino.com and copy/paste its data into Excel. Yest...
by dratkinson
Wed Nov 01, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: [Yahoo Finance no longer works - Alternatives to download securities quotes]
Replies: 255
Views: 26345

Re: Excel Macro using Yahoo Finance- not working

1 Nov 2017 Gummy's macro didn't work today. Rebooted and tried again. No Joy. Assuming temporary outage, will try again tomorrow. Looked and didn't immediately find a Yahoo web page to explain their current download instructions. Question. Does anyone have that web page link? Question. If Yahoo has ...
by dratkinson
Wed Nov 01, 2017 6:38 pm
Forum: Personal Consumer Issues
Topic: Aeroseal for Duct work
Replies: 10
Views: 827

Re: Aeroseal for Duct work

Might want to worry about it if some of your ducts/heating/cooling units are in an unconditioned space (attic or sub-floor). My house has central heat, and evaporative cooling (swamp cooler). All of my heat ducts are inside the house envelope, inside a heated basement, so don't really care if it lea...
by dratkinson
Tue Oct 31, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Replenishment
Replies: 14
Views: 1876

Re: Emergency Fund Replenishment

... That's an impressive amount of work that that would take. I thought the main concern was tax efficiency but with this level of work the main concern is value of your time. Reading more about it, working that aggressively at pursuing bonuses and special offers probably isn't worth it- if you got...
by dratkinson
Mon Oct 30, 2017 4:09 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Replenishment
Replies: 14
Views: 1876

Re: Emergency Fund Replenishment

Thanks to everyone for the thoughts and replies. Some reactions and ideas: ... The short answer. In the beginning (new investor, low total investments, don't yet have "enough"), it's simpler to keep your EFs separate from your (taxable) retirement investments. Refill your EFs with new money and red...
by dratkinson
Sat Oct 28, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Replenishment
Replies: 14
Views: 1876

Re: Emergency Fund Replenishment

The short answer. In the beginning (new investor, low total investments, don't yet have "enough"), it's simpler to keep your EFs separate from your (taxable) retirement investments. Refill your EFs with new money and redirected distributions, not by selling investments. The long answer. Our EFs are ...
by dratkinson
Thu Oct 26, 2017 6:57 pm
Forum: Personal Consumer Issues
Topic: This credit union pays 2.5% up to 50K
Replies: 14
Views: 2849

Re: This credit union pays 2.5% up to 50K

look around there are few that are paying 5% for a little effort... and it's stable. Care to share which banks offer this 5%? Did a quick search but didn't find anything. The Brinks and Netspend debit cards are linked to 5% savings accounts. But! maximum balance is $5K/account. Assuming each accoun...
by dratkinson
Thu Oct 26, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Hello from a late starter
Replies: 9
Views: 1527

Re: Hello from a late starter

Read "Managing a Windfall" in the Wiki: https://www.bogleheads.org/wiki/Managing_a_windfall Continue reading in the Wiki (link under "Quick links", screen top). Read the introduction ("Getting started" topics) and all else that interests you. Finish the BH's guide. Above provided background informat...
by dratkinson
Wed Oct 25, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Declaring Tutoring Income
Replies: 16
Views: 2517

Re: Declaring Tutoring Income

Additional tax owed. Can also send in additional tax owed with form to request extension of time to file taxes.
by dratkinson
Wed Oct 25, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Whats this "Tax-Exempt Fund"?
Replies: 6
Views: 1071

Re: Whats this "Tax-Exempt Fund"?

Search Wiki for recommended "books" (search term). Read the recommended bond books. I read the ones by Swedroe, and Thau. Why read more than one bond book? Where experts agree, that is the central route. Where experts disagree, those are optional routes. While waiting for your books, search Wiki for...
by dratkinson
Wed Oct 25, 2017 4:02 pm
Forum: Personal Consumer Issues
Topic: Accessing a Social Security Office
Replies: 20
Views: 1330

Re: Accessing a Social Security Office

Been there, done that. A scheduled appointment would have resulted in a delay of a few months. Solution. Walk-in appointment. Wait was >1 hour, but not bad considering the alternative. Staff was friendly and answered all my questions. Have used this method twice: when I enrolled in Medicare, and whe...
by dratkinson
Tue Oct 24, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: I just want to invest 200k and get 3%
Replies: 20
Views: 5359

Re: I just want to invest 200k and get 3%

The stock market is expected to earn ~7% long term. So could invest in TSM index fund and expect >3%. But you pay tax on annual dividends, and capital gains when selling. Treasury products are state tax exempt, but taxed on federal return. Could use the tax code to boost your return. I found a singl...