Search found 216 matches

by fantasytensai
Wed Mar 29, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 34
Views: 1313

Re: Max Out 0% Promo Credit Card

There are plenty of banks that will let you do this (I can think of 1 off the top of my head that will let you do $5k) but it's really not worth it. OP I would definitely not do this. Your card issuers do routinely pull you credit and if they see it drop significantly they could increase your inter...
by fantasytensai
Wed Mar 29, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Max Out 0% Promo Credit Card
Replies: 34
Views: 1313

Re: Max Out 0% Promo Credit Card

Hi, I wanted to know what your opinion is on this... I have a $10K credit limit on a cashback card with 0% interest till 2018. I'd like to use it to fund a new bank account I opened. I was thinking I'd max out the $10K (maybe with $100-$200 left in available credit) and wait till 2018 to pay it off...
by fantasytensai
Tue Mar 28, 2017 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for late 20s couple with 100k cash
Replies: 14
Views: 1015

Re: Strategy for late 20s couple with 100k cash

Just added the template to my original post, our income is too high to invest in IRA, we just have 401k and brokerage + checkingaccount, nothing else Google or search this forum for backdoor Roth conversion. You can still take full advantage. As for AA, it is completely up to your risk tolerance at...
by fantasytensai
Tue Mar 28, 2017 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4243

Re: Daughter maxed out credit cards, needs help from me

My opinion will probably be in the minority. I do not and would not loan money to my children, family, or friends. I gift with no strings attached where my gift will be a blessing. Maybe this is an appropriate instance? You can decide that. There seems to be boundary issues between the boyfriend (s...
by fantasytensai
Tue Mar 28, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4243

Re: Daughter maxed out credit cards, needs help from me

It sounds like you already have a well-thought out plan. Here is my $.02. 1. If you want to focus on financial education, then I would draft a formal loan document. 2. I would not make this loan interest free, something like 1% would be a good lesson. Just speaking from experience, 25-year-old me wo...
by fantasytensai
Tue Mar 28, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting an apartment to my cousin--Incur gift tax or not?
Replies: 7
Views: 711

Re: Gifting an apartment to my cousin--Incur gift tax or not?

If you inherited several, and they still have years to appreciate, your estate might go up more than you think. If your Mom's estate is still open... could you sort of refuse this one asset and have it go directly to your cousin as next in line? Or is that too late or too risky (other relatives). D...
by fantasytensai
Tue Mar 28, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: An Alternative to ER...
Replies: 2
Views: 586

Re: For those that are considering early retirement...

So many "oy" as I was reading that article. I won't lie, I envy a man who goes to work happy.

Will still aim to retire by 45.
by fantasytensai
Mon Mar 27, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Why are international and US stocks down today?
Replies: 53
Views: 3099

Re: Why are international and US stocks down today?

I just made my annual IRA contribution on Friday. I don't time contributions, I just make 1 annual order when I find the time before April 15. Anyway, this morning I see stocks are looking to be down around 1% so far because of what seems to me to me to be a non sequitur. The insinuated correlative...
by fantasytensai
Mon Mar 27, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3401
Views: 864176

Re: U.S. stocks in freefall

Uncle Pennybags wrote:I knew it; I felt it in my bones........sell,sell,sell....NOW. :oops:


Can't tell if serious.
by fantasytensai
Fri Mar 24, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Point taken....maybe I do need to just back off a little and stop being so affixiated on minute details. You are absolutely right...so what if the government gets a 5000 interest free loan from me for a year...it's not a big deal I guess? This would be so much easier without a type A personality. Si...
by fantasytensai
Fri Mar 24, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Your terminology is a bit confusing to me. You started w/ estimated taxes but then are walking about withholding in your last post. If you really are withholding, why not do it all by withholding. That way it is not critical when you pay. If you had enough late income, you could even withhold all o...
by fantasytensai
Thu Mar 23, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to minimize increases for apartment rent?
Replies: 18
Views: 1360

Re: How to minimize increases for apartment rent?

It sounds like you're getting a very good deal if you're on the low end when compared to other places. One nice thing about my lease is I don't have to pay extra per month for my two cats. I only had to make one pet deposit since both of my cats were spayed and declawed when I adopted them. I see o...
by fantasytensai
Thu Mar 23, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Thanks for that info. Also, I am not paying the full amount that they want me to pay on the 1040-ES, which is why this is not as simple as just "follow the directions". I did my own calculations, and I am only paying just enough every quarter to meet 110% of my 2016 tax liabilities. The w...
by fantasytensai
Thu Mar 23, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

I make quarterly payments under 110% safe harbor as my tax obligation generally goes up each year. I take that tax amount and pay 1/4 of it at each quarterly due date. The fact that the dates are not exactly 3 months apart does not mean you have to prorate the amounts or do anything tricky. I just ...
by fantasytensai
Thu Mar 23, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Re: Quarterly Tax Payments Planning to Avoid Refund and Penalties

Thanks for that info. Also, I am not paying the full amount that they want me to pay on the 1040-ES, which is why this is not as simple as just "follow the directions". I did my own calculations, and I am only paying just enough every quarter to meet 110% of my 2016 tax liabilities. The wh...
by fantasytensai
Thu Mar 23, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments Planning to Avoid Refund and Penalties
Replies: 22
Views: 1213

Quarterly Tax Payments Planning to Avoid Refund and Penalties

Hi, I am structuring my 2017 tax estimate payments so that I can avoid getting a tax refund, but at the same time avoid paying any underpayment penalties. I decided the best way to do this is using the "110% of 2016 tax" safe harbor that's available for both federal and state taxes (NY), s...
by fantasytensai
Thu Mar 23, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 4629

Re: Vehicles as a percentage of net worth

Is it really that much of a sin to borrow money to pay for a car? I almost always qualify for a <2% loan, sometimes even 0% for x number of months. Wouldn't that be worth it?
by fantasytensai
Tue Mar 21, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inlaw Suddenly Wants Financial Security in 60's..
Replies: 31
Views: 5293

Re: Inlaw Suddenly Wants Financial Security in 60's..

I tell this to my parents, half-jokingly, that if they invest their retirement funds with low cost index funds, and the market crashes and they need to stay with us for a few years, I would welcome them 100%. However, if they want to invest their funds with a fancy suit at Edward Jones, if they run ...
by fantasytensai
Mon Mar 20, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1588

Re: How much cash to withdraw when retiring

I need to (and I am currently) reading up on converting 401(k) to Roth IRA. I did not previously know it was possible.
by fantasytensai
Sun Mar 19, 2017 1:43 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1588

Re: How much cash to withdraw when retiring

First, a preliminary question - for long term capital gains to be 0%, does the taxable income have to be less than $75,900? As in, if your taxable becomes $75,901, it jumps all the way to 15%? I know the normal brackets are progressive but idk about capital gains. If so, then I guess $75,899 is the...
by fantasytensai
Sun Mar 19, 2017 1:14 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1588

Re: How much cash to withdraw when retiring

Here is a good link to understand the tax treatment of capital gains vs regular income. http://fairmark.com/general-taxation/your-tax-bracket/ Dan Great info. Thanks! I copied and pasted the below from the link you provided. If my ordinary income puts me in the 15% tax bracket, can I receive an unl...
by fantasytensai
Sun Mar 19, 2017 12:55 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1588

How much cash to withdraw when retiring

I am helping my parents plan retirement. They are not SS age yet, so their current pension is ~$50,000 pretax per year. They have a fully paid off house and not many expenses, so I want to find out the optimum way for them to withdraw from their investments for tax purposes. First, a preliminary que...
by fantasytensai
Sat Mar 18, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Chart to Convince my parents to drop EJ
Replies: 4
Views: 365

Chart to Convince my parents to drop EJ

Hi, I am also trying to convince my parents to drop their financial advisor at Edward Jones. They always say that "oh, but our portfolio is doing great!" I want to show them that for the past 8 years, a monkey with a wrench could have gotten positive results in the stock market. Can anyone...
by fantasytensai
Thu Mar 16, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%
Replies: 60
Views: 5795

Re: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%

Is there a reason for a young, non risk-averse person to invest in CDs, especially a 7 year CD? I think this CD will be good for me in 30 years, but as of right now I just don't see it being helpful to me. I'm 28. Let's say your asset allocation targets 70% stocks. The other 30% could be something ...
by fantasytensai
Thu Mar 16, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%
Replies: 60
Views: 5795

Re: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%

Is there a reason for a young, non risk-averse person to invest in CDs, especially a 7 year CD? I think this CD will be good for me in 30 years, but as of right now I just don't see it being helpful to me. I'm 28.
by fantasytensai
Wed Mar 15, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Redneck/All American Bank
Replies: 17
Views: 2181

Re: Redneck/All American Bank

I keep looking at this bank trying to see the downside... other than the name. I could stash $35k for the Mrs and another $35k in my own separate account and earn 1.25% and the funds would be totally liquid in the event an investment opportunity comes along. This seems more advantageous than a one ...
by fantasytensai
Wed Mar 15, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9571

Re: $464.12 dinner bill last night. No regrets.

Being a Boglehead is not about saving every penny. Spend when it's appropriate to do so, and don't spend when it is not. This was more than appropriate. Also, steak, lobster and wine for 4 for less than 500 at a fancy restaurant is not a bad deal at all, especially if the steak is truly top-notch. S...
by fantasytensai
Thu Mar 09, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Open bond fund now or wait till Fed rate increase next week
Replies: 15
Views: 1241

Re: Open bond fund now or wait till Fed rate increase next week

Hekla wrote:Is it not already being priced in? How much more could it drop? :twisted:


It's still dropping pretty hard.
by fantasytensai
Thu Mar 09, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Open bond fund now or wait till Fed rate increase next week
Replies: 15
Views: 1241

Re: Open bond fund now or wait till Fed rate increase next week

I would usually advise against market timing (which this is), but given that bond funds have been dropping like hot potatos over the past couple of weeks, I would actually say why not. Wait until the day of the fed hike, and then put it in.
by fantasytensai
Thu Mar 09, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17189

Re: Sitting on cash....Waiting for a crash

I hate to play the devil's advocate here, but what is pragmatically wrong with waiting for a crash? For the sake of simplicity let's say that all the funds will be in VTSAX, which currently stands at $59.16. Let's say llessac15 holds to his cash and miss out on the market rise, and the market rises...
by fantasytensai
Thu Mar 09, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17189

Re: Sitting on cash....Waiting for a crash

I hate to play the devil's advocate here, but what is pragmatically wrong with waiting for a crash? For the sake of simplicity let's say that all the funds will be in VTSAX, which currently stands at $59.16. Let's say llessac15 holds to his cash and miss out on the market rise, and the market rises...
by fantasytensai
Thu Mar 09, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17189

Re: Sitting on cash....Waiting for a crash

I hate to play the devil's advocate here, but what is pragmatically wrong with waiting for a crash? For the sake of simplicity let's say that all the funds will be in VTSAX, which currently stands at $59.16. Let's say llessac15 holds to his cash and miss out on the market rise, and the market rises ...
by fantasytensai
Tue Mar 07, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14756

Re: How Much in Your Emergency Fund And Is It Used?

$360k in iBonds ($365k after federal return hits) $10k in a 5 year 2% Ally CD $50k in cash (but over the summer will pay somewhere in the $35k area for tuitions) ------- $420k total Back when iBonds could be cashed in 6 months, I'd use them when it was time to buy anything big like a car. I just pa...
by fantasytensai
Wed Mar 01, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: Market up but VTSAX down???
Replies: 21
Views: 2057

Re: Market up but VTSAX down???

jebmke wrote:
livesoft wrote:And 60.11 it is.

and we have just under 22 hours to figure out what to do with that little tidbit of info. :idea:


Steak dinner?
by fantasytensai
Wed Mar 01, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance on a diamond engagement ring
Replies: 27
Views: 2045

Re: Insurance on a diamond engagement ring

I also insured my engagement ring. I was asked by my broker to submit all sorts of information. This was a Tiffany ring so they have an individual pamphlet with specific detail about each ring, so I sent that to him along with the purchase receipt. He said if there is a claim, they will use the purc...
by fantasytensai
Wed Mar 01, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X....Again?
Replies: 10
Views: 359

Re: Filing 1040X....Again?

Ok I think I will wait until early April to file another 1040x. Fishmonger thanks for the advice but given my personality I think I would wake up every day at 3 am for the next 5 years thinking about this if I just leave it. I will spend the month of March going over everything I remember doing in 2...
by fantasytensai
Wed Mar 01, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X....Again?
Replies: 10
Views: 359

Re: Filing 1040X....Again?

I would wait until early April and then file an amendment. Or make a payment for credit to your 2016 account and then file an amendment in October to neaten everything up. Mailing an amendment isn't a huge deal. All you would need is the 1040X and a copy of the Schedule B. Just curious, what was th...
by fantasytensai
Wed Mar 01, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X....Again?
Replies: 10
Views: 359

Filing 1040X....Again?

Thanks in advance for the suggestions. I recently filed a 1040X after I received a 1099 DIV for a small amount of dividend payments (less than $200, owed about $30 extra in taxes). State amendment was easy, I was able to efile it. For federal however, I had to print out a package and mail it in to I...
by fantasytensai
Tue Feb 28, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh, why is buying a new car so painful?
Replies: 64
Views: 7145

Re: Ugh, why is buying a new car so painful?

The toughest part, in my experience, is that the dealerships rarely posts email addresses online. You HAVE to call. So I resorted to going in to a bunch of dealerships like a spy and asking for business cards and then leaving.....and that sucks because sometimes the salespeople leave the dealership ...
by fantasytensai
Tue Feb 28, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: Mom & Pop investors piling in. Bad Sign/Good sign?
Replies: 36
Views: 6697

Re: Mom & Pop investors piling in. Bad Sign/Good sign?

Just saw this story on bloomberg. https://www.bloomberg.com/news/articles/2017-02-28/bullish-mom-and-pop-behind-u-s-stock-market-rifling-off-records From the Article: After years of snubbing the asset class in favor of fixed income, retail investors are showing pent-up demand for stocks amid an esc...
by fantasytensai
Sun Feb 26, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid paying penalty for getting too much of a refund?
Replies: 9
Views: 1119

Re: How to avoid paying penalty for getting too much of a refund?

Hope everything works out for you. I have a question if you don't mind. The payroll deduction for HSA is not deductable because it was never figured into the AGI right? I mean, it still has the tax benefits, you just can't "double dip", right?
by fantasytensai
Fri Feb 24, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 2065

Re: Rebalancing -> Market Crash and rebalancing

My willingness to sell bonds at a loss to buy stocks would be directly correlated with my proximity to retirement. At age 28 I would not hesitate to sell bonds at a loss during a crash to rebalance. At 58, not so much. fantasytensai, 1) How old are you? 2) When do you assume you will retire? KlangF...
by fantasytensai
Fri Feb 24, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing -> Market Crash and rebalancing
Replies: 42
Views: 2065

Re: Rebalancing -> Market Crash and rebalancing

My willingness to sell bonds at a loss to buy stocks would be directly correlated with my proximity to retirement. At age 28 I would not hesitate to sell bonds at a loss during a crash to rebalance. At 58, not so much.
by fantasytensai
Fri Feb 24, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: new study on Investor behavior being disconnected from financial theory and reality
Replies: 89
Views: 5603

Re: new study on Investor behavior being disconnected from financial theory and reality

Not an expert in psychology, but I believe the preference for dividend comes from the euphoria associated with immediate benefits, as opposed to long term benefits. Same reason why people prefer to have one sandwich now rather than 2 sandwiches tomorrow.
by fantasytensai
Fri Feb 24, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Ally 1.25 APY 13 month CD
Replies: 3
Views: 1062

Re: Ally 1.25 APY 13 month CD

akblizzard wrote:It looks like this is new as of today...Ally has a 13 month CD available at 1.25 APY. I didn't see this already here, sorry if it's already been posted.


In another thread there is a Purepoint CD for 1.40 APY for 12 months.
by fantasytensai
Fri Feb 24, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 47
Views: 5722

Re: PurePoint 1.25% online savings $10K min

If this is a no-hoops savings account, it appears to be a no-brainer.

Also, 1.4% for a 12 months CD is arguably even better.
by fantasytensai
Fri Feb 24, 2017 11:07 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 21ST HEARTDAY, JACK BOGLE
Replies: 24
Views: 1370

Re: "Vanguard founder Bogle and surgeons gather for a heart-transplant reunion"

Great read....appreciation after the fact (21 years, in fact) shows the true face of a man. My best wishes for this man.
by fantasytensai
Fri Feb 24, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Father runs an empire at age 80; not my business?
Replies: 18
Views: 4057

Re: Father runs an empire at age 80; not my business?

If you really, really don't care about the money or the business, then my suggestion is to act that way and let the chips fall wherever they might. Money comes between family, and strangely, the more money the family has, the more that money comes between them. Rich and powerful men tend to develop ...
by fantasytensai
Fri Feb 24, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Are there any good funds with <$1,000 minimum purchase requirement?
Replies: 6
Views: 413

Re: Are there any good funds with <$1,000 minimum purchase requirement?

Ok thanks guys. It will take another 2.5 months for me to reach 2500...thanks for the advice.
by fantasytensai
Fri Feb 24, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Are there any good funds with <$1,000 minimum purchase requirement?
Replies: 6
Views: 413

Are there any good funds with <$1,000 minimum purchase requirement?

Hi all, so I have taken your advice and started to save into my wife's HSA account. Her HSA is with Fidelity, and so far only has $1,000 in it. There are some great funds in Fidelity, but most require at least $2,500 minimum (for some odd reason, VBTLX is available for $2,500 minimum). The only fund...

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