Search found 932 matches

by feh
Fri May 27, 2016 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Why is social security paying so low?
Replies: 49
Views: 5556

Re: Why is social security paying so low?

misterno wrote:If your wife is not working they pay her 50% of your SS check

If your wife is working but her SS check is less than your 50%, then they pay her 50%

So working wife pays into SS for nothing


You still seem to be thinking about SS as something it isn't.
by feh
Fri May 27, 2016 7:52 am
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 182
Views: 21868

Re: guaranteed 5% vs stocks?

I have yet to receive any one of my cards so far in less than two weeks (3 netspends, and I am waiting now for my first Brinks). Then figure another couple of working days to get test deposits processed after activating your account and then a day or so to deposit money, assuming it is ready to go....
by feh
Thu May 26, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why is social security paying so low?
Replies: 49
Views: 5556

Re: Why is social security paying so low?

Now that I am thinking, SS also pays 50% of your SS check to your spouse also assuming she never worked in her life. I think it is a very good deal :) You need to keep in mind that SS is not a retirement account; you won't be "getting back" money you paid into the system. Don't expect tha...
by feh
Thu May 26, 2016 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 155
Views: 7308

Re: What's Your Credit Card Rewards Strategy?

I am unwilling to churn or use different cards for different categories of purchases.

We have 2 cards which provide 2% back on all purchases: Fidelity and Priceline.
by feh
Thu May 26, 2016 1:18 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 182
Views: 21868

Re: guaranteed 5% vs stocks?

simmias wrote:I'd go in this order:
1-5 (tie) Netspend, Brinks, WU Netspend, Ace Elite, Insight
6 HEB Netspend
7 Mango
8 Paypal


Could somebody please provide a link for the Insight card?

Thanks.
by feh
Thu May 26, 2016 11:52 am
Forum: Investing - Theory, News & General
Topic: Bernstein says emergency fund part of your "asset allocation?"
Replies: 59
Views: 4716

Re: Bernstein says emergency fund part of your "asset allocation?"

I am retired, and of course I use all assets as part of my overall AA. Cash is simply a part of the FI portion of the AA. I try to keep things as simple as possible. I am transitioning from accumulation to decumulation. While I have never considered our EF as part of our portfolio, I think once I'm...
by feh
Tue May 24, 2016 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rebuilding our house for $1.5M: Bad Idea Financially?
Replies: 91
Views: 8000

Re: Rebuilding our house for $1.5M: Bad Idea Financially?

TL;DR: Looking for feedback on if rebuilding our house is a terrible. Specifically if I’m thinking about the financial aspect the right way. I'm not gonna give you advice on whether it's something you can afford or not. I will tell you that there's no way I would spend $1.5M on a house. Absolutely ...
by feh
Thu May 19, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 27 y/o, need some career advice
Replies: 42
Views: 2349

Re: 27 y/o, need some career advice

Fair points, you are correct. My company provides great benefits, i agree. The point I'm trying to get at is that my base salary should be higher based off my skill set and what i produce for the company. I'm looking for a base of 120-130k , which would keep me content. Total compensation is what y...
by feh
Tue May 17, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: What % do you have in alternatives? REITs, commodities, etc.)
Replies: 67
Views: 3545

Re: What % do you have in alternatives? REITs, commodities, etc.)

neomutiny06 wrote:Alternatives, which I am defining as REITS, commodities, and perhaps sector funds.

What percentage of your portfolio includes them? Some experts say 0% is fine, not a necessary asset class. However, some have 10-15% in REITS, 5% in commodities, etc.


Zero.

Do tilt to SV, though.
by feh
Tue May 17, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 182
Views: 21868

Re: guaranteed 5% vs stocks?

In response to this thread, I have set up 3 Netspend accounts and deposited $5K in each, and it has been anything BUT simple. Without going into details, I ran into multiple snags along the way and spent a lot of time with several phone calls. Now I am at the point of trying to set up automatic dep...
by feh
Mon May 16, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: private health insurance: broker or no?
Replies: 2
Views: 328

private health insurance: broker or no?

I need to obtain health insurance for my family; for the first time in my adult life, I won't be using something provided by my employer. My question is - do brokers provide any useful service? Or are they just middle men taking their cuts? Would it be better to deal directly with the health insuran...
by feh
Tue May 10, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: liquid cash in retirement: keep 2-3 years of expenses?!
Replies: 17
Views: 2666

Re: liquid cash in retirement: keep 2-3 years of expenses?!

In general, I agree with the thought that it doesn't make sense to have a bucket of 2-3 years in cash. However, I think there is at least one situation where it makes sense...an early retiree who is living off of taxable accounts only (no pension, no SS). For tax efficiency, that taxable account is ...
by feh
Tue May 10, 2016 11:24 am
Forum: Investing - Theory, News & General
Topic: Don't stay the course
Replies: 118
Views: 16411

Re: Don't stay the course

edge wrote:Sometimes (once or twice a generation) the market is insanely overvalued or undervalued relative to historical norms and action is warranted.


+1

If we were to see PE ratios like we did in 1999, I think I would reduce our equities 10-20%.
by feh
Mon May 09, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: End of Golden Era for Investors...?
Replies: 58
Views: 8383

Re: End of Golden Era for Investors...?

I guess what I'd really like to hear are just some of the more experienced and wiser investors comment as to what it would have made them do with their money upon being faced, at age 28, with the macroeconomic and investing environment that McKinsey posits is a near-inevitability in the next 20 yea...
by feh
Wed May 04, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Short visit to Toronto
Replies: 33
Views: 1886

Re: Short visit to Toronto

In other words - driving and traffic in downtown Toronto is similar to Chicago and NYC. Congested and lots of taxis. We had a visitor from Toronto in our office just yesterday, and he illuminated us on the traffic of Toronto. I had no idea it was so horrific. His comments made it sound worse than e...
by feh
Sun May 01, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: tax shelter for passive income?
Replies: 6
Views: 838

Re: tax shelter for passive income?

Perhaps reconsider your $60K LLC membership flow through. I'm not following how you're getting a $60K K-1 statement and not getting the money. I have a small stake in the LLC. I have no say as to what the company does with profits; they may be distributed, or they may be invested back into the busi...
by feh
Sat Apr 30, 2016 7:52 am
Forum: Personal Finance (Not Investing)
Topic: tax shelter for passive income?
Replies: 6
Views: 838

tax shelter for passive income?

Hi folks. Before I get to my question a couple comments: 1) I know this is a first-world problem and 2) I'm not looking to evade taxes, just avoid them. Early retirement is coming soon, and I was very much looking forward to being one of those folks that pay zero taxes . However, I am a member of an...
by feh
Fri Apr 29, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 105
Views: 8156

Re: Selling in May and Walking Away?

chicagoan23 wrote:I am thinking of moving equities down from about 75% of my portfolio to maybe 60%....Just wondering if others are thinking along those same lines.


Absolutely not.
by feh
Wed Apr 27, 2016 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my spouse
Replies: 34
Views: 3433

Re: Help me convince my spouse

Interesting to see several users argue in favor of the advisor. I am very new here, but I thought the prevailing opinion was that using an advisor is akin to throwing money away. At any rate, these response have made me rethink my position. Maybe Vanguard will turn out to be a perfect compromise. I...
by feh
Wed Apr 27, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on life-cycle finance retirement planning
Replies: 15
Views: 2068

Re: Wade Pfau on life-cycle finance retirement planning

Pfau's recommendations remind me of Jim Otar's, who recommends SPIAs much more heavily than most of the investing community.

It would seem to me this makes early retirement more difficult; you'd need a bigger pile of money at the start, no?
by feh
Wed Apr 27, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 4031

Re: Why not ETFs?

One advantage of ETFs that I've encountered is tax loss harvesting. Many mutual funds have a minimum holding period (60/90 days) that can prevent one from selling them at a loss. This is now 30 days for Vanguard, which matches the wash sale period that would prevent you from going back into the sam...
by feh
Wed Apr 27, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: Why not ETFs?
Replies: 57
Views: 4031

Re: Why not ETFs?

One advantage of ETFs that I've encountered is tax loss harvesting. Many mutual funds have a minimum holding period (60/90 days) that can prevent one from selling them at a loss.

That being said, the vast majority of our portfolio is in mutual funds.
by feh
Mon Apr 25, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to a tax free state with good weather need advice
Replies: 97
Views: 8493

Re: Relocating to a tax free state with good weather need ad

uncaD wrote:Consider states like Arizona and Colorado that have (low-ish) income taxes but have much lower property taxes than states with no income taxes like Texas and Florida.


Our retirement state will be CO. Good weather, low (but not no) state tax.
by feh
Wed Apr 20, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Any problems with netspend
Replies: 25
Views: 2524

avoiding inactivity fee

A couple questions regarding avoiding the inactivity fee:

- activity needs to occur at least every 90 days, correct?
- is there a minimum amount for the transaction to "count"?
- does it matter if the transaction is a debit or credit?

Thanks!
by feh
Tue Apr 19, 2016 11:39 am
Forum: Investing - Theory, News & General
Topic: What is "wrong" with having more funds in a portfolio?
Replies: 70
Views: 4289

Re: What is "wrong" with having more funds in a portfolio?

The answer is I had been burned in the past with investing all of my money in a few (five or fewer) individual stocks, mostly IPOs and startup companies and other very speculative investments, and as you can imagine, it didn't turn out so well. After being scared out of investing for a few highly p...
by feh
Mon Apr 18, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 50
Views: 5122

Re: What expected % return should a longterm investor use?

David Jay wrote:I use 9% for my stock allocation and 4% for my bonds (I want to be conservative).


That doesn't strike me as conservative...
by feh
Mon Apr 18, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 4812

Re: How Did You File Your Income Taxes for 2015?

Had used TaxAct the last several years; switched to TT this year because Fidelity gave it to me for free.

Filed electronically.
by feh
Fri Apr 15, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: BEST Portfolio Tracker
Replies: 33
Views: 2607

Re: BEST Portfolio Tracker

I've not used Morningstar before, but I'm curious and may use it to track our portfolio. Does anyone know if I need to manually add reinvested dividends? Or will Morningstar's software handle that? I update the number of shares manually after dividends/cap gains are reinvested. Not sure if there is...
by feh
Wed Apr 13, 2016 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds before end of the month?
Replies: 20
Views: 3839

I Bonds before end of the month?

Anybody know what the next variable rate will be on I Bonds? The new rate goes into effect May 1st, correct?
by feh
Thu Apr 07, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: Concrete or Asphalt driveway?
Replies: 35
Views: 2709

Re: Concrete or Asphalt driveway?

We have lived at our home for 22 years with a 1/3 mile long gravel driveway. One item on our wishlist is to pave it and we are in the process of getting quotes. Based on them, the cost for concrete is about 10-15% higher than asphalt. Given the hilly and curvy terrain, a friend (that paves using as...
by feh
Thu Apr 07, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Owe on state taxes - send in voucher?
Replies: 8
Views: 686

Re: Owe on state taxes - send in voucher?

We owed $8 on my state taxes this year - I've never owed before. There was a voucher that I could have printed out at the end of doing my taxes that said "mail in with your payment." But somewhere else on the document it said something along the lines of it not being needed if you submitt...
by feh
Mon Apr 04, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 8152

Re: When is it ok to splurge?

Detroittl wrote:
I really want this boat but it would set me back 100k and a few years of early retirement. Am I crazy or stupid or both ?


IMO, this would be a terrible purchase.
by feh
Fri Apr 01, 2016 7:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 623527

Re: U.S. stocks in freefall

These huge gyrations in market this year are good reminders to always stay invested. ........... Getting tempted to sell this rally and wait for corrction ? I don't understand how you can make those two statements in the same paragraph. The first statement is theory/ideal choice. Second statement i...
by feh
Thu Mar 31, 2016 1:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 623527

Re: U.S. stocks in freefall

prettybogle wrote:These huge gyrations in market this year are good reminders to always stay invested.
........... Getting tempted to sell this rally and wait for corrction ?


I don't understand how you can make those two statements in the same paragraph.
by feh
Wed Mar 30, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Updates on the status of Linux
Replies: 70
Views: 4594

Re: Updates on the status of Linux

Been running linux at home (and work) for 20 years now.

Might want to give Linux Mint (with the Cinnamon desktop) a try. Very easy for newbies; you can run it from the DVD without installing anything to see what you think.

https://www.linuxmint.com/
by feh
Wed Mar 30, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: taxes: capital loss carryover question
Replies: 8
Views: 534

Re: taxes: capital loss carryover question

livesoft wrote:It will depend on whether the $5K in mutual funds capital gains distributions are long-term or short-term. This is because mutual fund short-term capital gains distributions are not treated as short-term capital gains.

So let us know.


The cap gains were long term. The losses were short term.
by feh
Wed Mar 30, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: taxes: capital loss carryover question
Replies: 8
Views: 534

taxes: capital loss carryover question

Let's say I had $20K in capital losses in 2015. And $5K in capital gains (as a result of mutual fund distributions, not from selling anything).

$3K can be deducted from 2015 income.

Question - what amount do I have left to use in future years? $17K or $12K?
by feh
Wed Mar 30, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 6291

Re: What is your current Cash to Investment ratio?

chicagoan23 wrote:For those who are at less than 1% or so in cash--what do you use for emergency savings?


1% of our portfolio is our emergency fund.
by feh
Wed Mar 30, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 6291

Re: What is your current Cash to Investment ratio?

Varies a bit over time, but usually close to 1%.
by feh
Wed Mar 30, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 8425

Re: Investing Young + LBYM = No Corp Ladder

And what I've concluded is that, very simply... a good career, a spouse with the same, investing early and often, and always LBYM... means I really don't need to concern myself with that sort of stress and pressure. I'm a good example of this path. Been writing software since graduating college 28 ...
by feh
Tue Mar 29, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: TIPS Anyone?
Replies: 92
Views: 7392

Re: TIPS Anyone?

edit--let me clarify that last statement. If I were in the last few years of my accumulation stage, planning on retiring and needing to withdraw from my portfolio. I would certainly consider starting a TIPs ladder. I bought into a TIPS fund last year in anticipation of retirement (this year or next...
by feh
Sun Mar 20, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: K-1, TurboTax vs TaxAct
Replies: 3
Views: 306

Re: PSA: K-1, TurboTax vs TaxAct

There are three options for calculating the DAPD. 1. The Small business simplified overall method, 2. the simplified deduction method and 3. the Section 891 method. You'll have to read the instructions to see which you qualify for. You get to pick the method on Form 8903. I would go into Form Mode ...
by feh
Sun Mar 20, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: K-1, TurboTax vs TaxAct
Replies: 3
Views: 306

PSA: K-1, TurboTax vs TaxAct

I've been using TaxAct for several years now. I am a member of an LLC, so I have to enter data from a K-1. As a Fido customer, I was given TurboTax for free this year, so I entered our taxes in both systems to see if they came out the same. Turns out TT handled the deductions related to Domestic Pro...
by feh
Tue Mar 15, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 486

Re: mechanics of a back door roth

DSInvestor wrote:
If you do not do any conversions in 2016 or do not consume all IRA basis in 2016, then the IRA basis carries forward to 2017 and beyond to help reduce the taxable amounts of conversions and withdrawals in the future.


Gotcha. Thanks for the info!
by feh
Tue Mar 15, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 486

Re: mechanics of a back door roth

DSInvestor wrote:That carry forward of the IRA basis will allow you to convert the basis tax free in tax year 2016.


I assume this is only true if I'm eligible for a Roth in 2016, right?
by feh
Tue Mar 15, 2016 10:10 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 486

Re: mechanics of a back door roth

DSInvestor wrote:I agree with JW-Retired. You should be converting to Roth IRA not recharacterizing the contribution.


Understood. Sorry for the confusion regarding terminology.
by feh
Tue Mar 15, 2016 9:34 am
Forum: Investing - Help with Personal Investments
Topic: mechanics of a back door roth
Replies: 8
Views: 486

mechanics of a back door roth

So, I've opened an IRA an Vanguard. Funding is in progress (just cash, no funds purchased yet).

All I need to do is recharacterize it as a Roth, correct? Can I do that through the V* web site? Does the order of purchasing a fund/recharacterizing matter?

Thanks!
by feh
Thu Mar 10, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with personal taxes related to new LLC
Replies: 6
Views: 486

Re: Help with personal taxes related to new LLC

In our case, we control the LLC (my wife and her biz partner) so the K-1 would have to be generated by us. Is there software (taxact?) that helps with K-1 generation? Taxact handles the other side - income received by the members of the LLC. I can't help you with the K-1 authoring. I imagine that w...
by feh
Thu Mar 10, 2016 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a Big House as an Inflation Hedge
Replies: 67
Views: 5218

Re: Keeping a Big House as an Inflation Hedge

flyingaway wrote:Since the inflation has been very low for the past many years, people have forgotten to hedge against inflation. This might be the time to think about inflation.


That's what TIPS are for.

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