Search found 1124 matches

by furwut
Tue Jan 17, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Have GEICO auto, asked for quote online, $150 less
Replies: 16
Views: 1390

Re: Have GEICO auto, asked for quote online, $150 less

You probably caught this, but when initially obtaining an on-line quite from Geico, the parameters included higher deductibles, less comprehensive and less liability coverage than we currently held. Adding in comparable parameters changed the quote substantially. Tim THIS and Depending on the infor...
by furwut
Sun Jan 15, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 62
Views: 4971

Re: Flafship Reps

I wont miss my Flagship rep. But I will miss the free TurboTax I have received for the past 10(?) years. The only real perk of Flagship. I think that's gone now anyway isn't it? I wonder if Vanguard hasn't used its pool of experienced Flagship Advisors to fulfill its need for Personal Service Advis...
by furwut
Sun Jan 15, 2017 5:40 am
Forum: Investing - Theory, News & General
Topic: Do you manually do bookkeeping for all your investments by yourself?
Replies: 17
Views: 1772

Re: Do you manually do bookkeeping for all your investments by yourself?

Isn't true that every investment provider is required to keep track of the cost basis shares purchased after 1/1/2012 (i.e., covered shares) for you?

I've always left the bookkeeping up to Vanguard.
by furwut
Thu Jan 12, 2017 9:14 pm
Forum: Personal Consumer Issues
Topic: Recommend a LEAKproof microwavable, fairly decent sized lunch box!
Replies: 10
Views: 921

Re: Recommend a LEAKproof microwavable, fairly decent sized lunch box!

I rode my bike to work for many years carrying my lunch in a messenger bag strapped over my back. Obviously I was very concerned that there be no leaking onto my work clothes. My solution was to buy a set of airtight stainless steel containers made by Sanctus Mundo. To keep them airtight I never put...
by furwut
Sun Jan 08, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is driving for uber worth it for side money?
Replies: 66
Views: 9875

Re: Is driving for uber worth it for side money?

Will working 8PM to 4AM on Friday and 12PM to 4AM interfere with your sleep and ability to perform your primary job? That is a lot of hours and they may be different from your regular work hours and you will also be eliminating any opportunity to rest and relax. Just wanted to stress that operating...
by furwut
Thu Jan 05, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Insurance Settlement Advice
Replies: 19
Views: 1101

Re: Auto Insurance Settlement Advice

Why don't you check with a personal injury attorney? Usually the initial consultation is free.

IMO the disruption to ones life having to go to 36 medical appointments is worth more than $5000.

Good luck :)
by furwut
Wed Jan 04, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4480

Re: On Point - Big Worries For Your 401(K) Retirement Plan

Under the 401(k) system you're made responsible for saving for your retirement. The problem is that:

A lot of people who can save don't.
And a lot of people who don't save can't.
by furwut
Tue Jan 03, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Advice on possible move. Investment vs lower mortgage
Replies: 3
Views: 550

Re: Advice on possible move. Investment vs lower mortgage

Real Estate transactions are very expensive so you don't want to be the person who changes houses as often as you might change hairstyles. Still homes are about lifestyles and if this is something you can afford you should consider it. But mhalley's warning about carrying 2 properties at once should...
by furwut
Tue Jan 03, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Choosing an Electric Company - Help!
Replies: 4
Views: 566

Re: Choosing an Electric Company - Help!

In my area the traditional power company remains responsible for distribution and billing* so, under that arrangement, the customer service aspect doesn't change. I chose to continue with them as my electricity provider as well since they alone charged a discounted rate for the first X hundred kilow...
by furwut
Sat Dec 31, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Tax Benefits of 401k when you have existing debts...
Replies: 7
Views: 592

Re: Considering Tax Benefits of 401k when you have existing debts...

Saving versus paying down debt is a question that comes up pretty often. There's probably even a Wikipedia entry on it. I think conventional wisdom would suggest contributing at least as much to the 401k to earn the maximum employer match. As for the next dollar I don't think it's so much a matter a...
by furwut
Sat Dec 31, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4499

Re: Is it safe to use debit cards? Anybody here have one compromised?

I've actually never had a credit card (I'm 26) and have always just used a debit card. After reading these threads though, I'm considering getting one. Does Ally offer increased fraud protection for their credit card compared to their debit card? Is this worth doing? It would be difficult to fully ...
by furwut
Fri Dec 30, 2016 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is it safe to use debit cards? Anybody here have one compromised?
Replies: 67
Views: 4499

Re: Is it safe to use debit cards? Anybody here have one compromised?

Would love to hear what others have to say about this. I have heard it is a nightmare if one is compromised. This is my only checking account. Use a credit card unless there is a special reason to use debit - like qualifying for the interest rate on a rewards checking account. Banks are required to...
by furwut
Fri Dec 30, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth to open a Roth IRA with my tax bracket?
Replies: 18
Views: 1439

Re: Is it worth to open a Roth IRA with my tax bracket?

Yes, consider opening and making a Roth IRA contribution.

A Roth IRA whose growth will be tax free beats a Non-Deductible IRA whose growth will be taxed at your income tax rate when distributed.
by furwut
Fri Dec 30, 2016 4:14 pm
Forum: Personal Consumer Issues
Topic: Zipcar?
Replies: 9
Views: 1155

Re: Zipcar?

Congratulations on the car-free decision. I went car-free 2003 and haven't regretted it yet. Here's a link to Zipper's FAQ's on insurance: http://www.zipcar.com/how#faqs-insurance-policy Unlike a traditional auto renter where the car is inspected upon return the only way an outfit like Zipcar has to...
by furwut
Wed Dec 28, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: Most sustainable vehicle
Replies: 44
Views: 2668

Re: Most sustainable vehicle

livesoft wrote:Bicycle.


Hands down the winner.
by furwut
Tue Dec 27, 2016 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare.Gov did not pass info to Ins Co
Replies: 5
Views: 765

Re: Healthcare.Gov did not pass info to Ins Co

I went through this 2 years ago. Enrolled in November with the understanding I would get advanced credits but the exchange never paid the insurance company until September of the following year. In my case I paid the full premium the first 2 months as I was worried about the policy getting cancelled...
by furwut
Tue Dec 27, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: After contributing Trad 401K to company match, then on to Roth 401k or Roth IRA?
Replies: 7
Views: 310

Re: Does it make sense to contribute to Roth 401K instead of Roth IRA?

The conventional wisdom is to max out your contributions on a pre-tax basis first.

Edited for clarity.
by furwut
Sat Dec 24, 2016 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Required Manditory Distribution from Inherited IRA at Christmas
Replies: 7
Views: 682

Re: Required Manditory Distribution from Inherited IRA at Christmas

I do the same thing. My RMD is scheduled for Dec 24th and I have a repeating calendar entry to confirm it on the 26th. Watty does bring up a good point though. The last week of the year may be personally busy and distracting such as to allow an error to go unnoticed. And trying to get the custodian ...
by furwut
Tue Dec 20, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to the USA one year ago, how to build credit?
Replies: 12
Views: 824

Re: Moved to the USA one year ago, how to build credit?

Try googling building credit :happy One suggestion is to obtain a secured credit card. I think these cards typically have a low credit limit like $500 and the bank will hold that amount of your money in reserve in the event you don't make a payment. After awhile you'll "graduate" to a true...
by furwut
Mon Dec 19, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1375

Re: ACA (ObamaCare) - MAGI prediction

With my state run exchange one has to submit documentation of income to qualify for advanced tax credits. Yes, same here, no issue with that. One simply creates the needed document and uses the online marketplace Application upload documents function --- it works in any state, any browser, any devi...
by furwut
Mon Dec 19, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1375

Re: ACA (ObamaCare) - MAGI prediction

I submitted my application on November 9th. After a month I called to check on the progress only to be told my application had been lost. So I've sent another application in and have my fingers crossed that it won't take until September 2017!!!!! Don't understand the above ... it takes no more than...
by furwut
Mon Dec 19, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1375

Re: ACA (ObamaCare) - MAGI prediction

tbradnc wrote:...then 2 months ago I realized enough capital gains to fill up the 0% capital gains space.


I'm choosing to fill the remainder of my 0% tax space with a Roth conversion. I think thats a better bang for the buck unless you actually need those capital gains to meet spending needs.
by furwut
Mon Dec 19, 2016 8:41 am
Forum: Personal Finance (Not Investing)
Topic: ACA (ObamaCare) - MAGI prediction
Replies: 15
Views: 1375

Re: ACA (ObamaCare) - MAGI prediction

It looks like 2016 capital gains distributions will be about $4k, so I'm paying much more in premiums and out-of-pocket expenses than I would have been if I predicted correctly. ... Is it possible to retroactively change my insurance for 2016? If you had recognized earlier in the year that your inc...
by furwut
Sat Dec 17, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion vs. Premium Tax Credit
Replies: 8
Views: 759

Re: Roth Conversion vs. Premium Tax Credit

This link may be of interest: Optimizing Obamacare vs Minimizing Taxes presents a classic trade-off. On the one hand, it would be nice to maximize Obamacare subsidies. Easy! Simply don’t generate a lot of income. On the other hand, we want to minimize taxes. We do this by offsetting income with stan...
by furwut
Sat Dec 17, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 8632

Re: Retirees: How much cash do you keep?

I believe Vanguard's recommendation is 1 - 2 years. I keep 2 - 9 months cash on hand. When the amount gets down 2 months I take a distribution to raise it back up to 9 months. PS At this point I have no monthly income. I do have several years of expenses in CDs which I consider part of my fixed inco...
by furwut
Fri Dec 16, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting - 401k rollover vs taxable
Replies: 2
Views: 253

Re: Tax gain harvesting - 401k rollover vs taxable

If I had the available cash to pay the taxes due I think I would favor converting the 401k all the way to the top of the 15% tax bracket and skip the capital gains harvesting.
by furwut
Thu Dec 15, 2016 7:24 am
Forum: Investing - Theory, News & General
Topic: One fund for a person in retirement
Replies: 8
Views: 1573

Re: One fund for a person in retirement

Once you've achieved one fund nirvana I recommend you enroll in Vanguard's RMD service.
by furwut
Mon Dec 12, 2016 9:36 pm
Forum: Personal Consumer Issues
Topic: Automated Vacuums - time savings?
Replies: 9
Views: 1050

Re: Automated Vacuums - time savings?

user5027 wrote:Be careful with pets. I heard a story about a pet that had diarrhea and the roomba spread it all over the floor. :oops:


Most disconcerting.

Time for this: https://youtu.be/tLt5rBfNucc
by furwut
Mon Dec 12, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA MAGI and tax loss harvesting
Replies: 12
Views: 955

Re: Help with ACA MAGI and tax loss harvesting

You'll have to move quickly to get the rollover and conversion done by the end of the year!
by furwut
Sun Dec 11, 2016 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA MAGI and tax loss harvesting
Replies: 12
Views: 955

Re: Help with ACA MAGI and tax loss harvesting

Does your 401k have a Roth option and does it allow in plan conversions?
by furwut
Tue Dec 06, 2016 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Beneficiary Ira RMD
Replies: 6
Views: 606

Re: Beneficiary Ira RMD

If you have an HSA eligible HDHP (High Deductible Health Policy) you could invest money there.
by furwut
Tue Dec 06, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Health Benefits Program A Good System?
Replies: 31
Views: 2143

Re: Is Federal Health Benefits Program A Good System?

Re: Are federal employees healthier? Somewhere someone may have that data. I recently read a few articles pointing out that having only sporadic access to health care, often due to unaffordable health insurance, does result in a marked decrease to one's overall health. Within the ACA individual mark...
by furwut
Sun Dec 04, 2016 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Monthly automated transactions [brokers who offer them]
Replies: 7
Views: 561

Re: Monthly automated transactions [brokers who offer them]

It appears brokerages don't want to deal with the fractional shares issue. Take a look at Capital One Financial Share Builder service. https://www.capitaloneinvesting.com/main/investing/tools.aspx P.S. Have you considered that by focusing on buying individual securities you may be creating a portfol...
by furwut
Sat Dec 03, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Monthly automated transactions [brokers who offer them]
Replies: 7
Views: 561

Re: Monthly automated transactions [brokers who offer them]

I don't know about buying individual stocks but Vanguard (and I'm sure nearly all mutual fund providers) supports automatic investment from, for example, a checking account.
by furwut
Sat Nov 19, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: how much to save for retirement
Replies: 30
Views: 3819

Re: how much to save for retirement

should I account for social security in my calculations? I agree with klang - at this point no need to nail that figure down. Also check out The White Coat Investor . With the size of your school loan debt you definitely want to research loan forgiveness programs. This site will probably have some ...
by furwut
Sat Nov 19, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: how much to save for retirement
Replies: 30
Views: 3819

Re: how much to save for retirement

Personally I believe in aggressively saving around 15 - 25% of gross income. With your income you may well be able to save an even higher percentage! Having a high savings rate from the get go makes it a habit and doing so for a decade or two can give one the option of working, going part-time or ev...
by furwut
Sat Nov 19, 2016 2:33 pm
Forum: Investing - Theory, News & General
Topic: How a friend legally front-ran the market and made millions
Replies: 29
Views: 5047

Re: How a friend legally front-ran the market and made millions

I'm skeptical that individuals can repeatedly and successfully front run the market. Anybody can get lucky though. A really interesting read is Flash Boys: A Wall Street Revolt which is about how high frequency trading firms have spent millions to gain just a few milliseconds trading advantage over ...
by furwut
Sat Nov 19, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 6156

Re: Early retire considering Self-Insurance for healthcare

furwut, Yes, you are correct. But, if the goal is to avoid paying ACA penalty and spend as little as possible on "insurance", it might work well enough. KlangFool I don't see how really. The suggested sharing amount, in lieu of a premium, is just the start. If there are large claims then ...
by furwut
Sat Nov 19, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 6156

Re: Early retire considering Self-Insurance for healthcare

I believe low-cost alternative do exist. And, you do not have to pay ACA penalty either. Below is one of the alternative. http://libertyhealthshare.org/3-program-options KlangFool FYI - this is not real insurance but is, rather, a faith based pool. The ability and willingness of such organizations ...
by furwut
Sat Nov 19, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Highly compensated Employee
Replies: 41
Views: 5154

Re: Highly compensated Employee

Options seem limited. Suck it up or seek employment elsewhere. Thats about the size of it. Of course if you wife does change jobs be sure to indicate the dissatisfaction with the 401k limit. I was limited by the HCE for many years where I worked. My salary always just hovering above. I too thought ...
by furwut
Sat Nov 19, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 6156

Re: Early retire considering Self-Insurance for healthcare

Even in the present day, the largest federal program subsidizing health insurance for working age Americans is the exclusion of employer-provided insurance from taxable income, a provision that dates back to 1942 ... To me, people keeping their own money is not a subsidy. Taking some people's money...
by furwut
Sat Nov 19, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Early retire considering Self-Insurance for healthcare
Replies: 83
Views: 6156

Re: Early retire considering Self-Insurance for healthcare

GIven this health insurance question, I am curious if you also self-insure your car (at least your collision) and your home? If you have a loan lenders require you carry insurance to protect their interest. Once you own your home free & clear you may be able to drop insurance altogether. Some t...
by furwut
Mon Nov 14, 2016 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll my traditional IRA into current 401K?
Replies: 4
Views: 252

Re: Should I roll my traditional IRA into current 401K?

should I roll the traditional IRA into my current 401K (available funds have very good ERs) so I can contribute to a Roth via the backdoor? If you are already maxing out your 401k and your plan allows a roller then yes. having money in a Roth provides some flexibility down the road with income dive...
by furwut
Sun Nov 13, 2016 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRA withdrawal Equal Roth Conversion for Zero Tax?
Replies: 10
Views: 808

Re: IRA withdrawal Equal Roth Conversion for Zero Tax?

Would these 2 items be equal in terms of the tax impact ? If they are Not equal, how are they different, again, purely from a "taxable event" point-of-view ? Unless there is a need to meet spending needs wouldn't one prefer to do the Roth conversion? Going forward you've lessened any futu...
by furwut
Sun Nov 13, 2016 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?
Replies: 70
Views: 7522

Re: Wealthy aunt is willing to allow me borrow $$ for medical school. How to best approach this?

There is less risk if OP finances medical school thru loans first and then, upon graduation and start of residency, reconsiders the Aunt's offer. Think how terrible it would be if the OP was to incur $200,000 of debt from the Aunt but then, maybe to unforeseen circumstances, not be in a position to ...
by furwut
Fri Nov 11, 2016 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: 50% Increase in my Long Term Care Policy
Replies: 23
Views: 2689

Re: 50% Increase in my Long Term Care Policy

Taking out a LTC insurance policy can be described as a bet where its Heads they Win and Tails I Lose.
by furwut
Sun Nov 06, 2016 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have more than one taxable account at Vanguard?
Replies: 5
Views: 695

Re: Is it possible to have more than one taxable account at Vanguard?

I have 2 taxable accounts at Vanguard. They are titled John Doe -1 and John Doe -2. I currently do not have any assets in John Doe -2. Ask your VG representative to create an additional account.
by furwut
Wed Nov 02, 2016 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth -- shell game with a 401(k)
Replies: 14
Views: 1425

Re: Backdoor Roth -- shell game with a 401(k)

Wouldn't you potentially owe taxes on gains you've made on the second IRA (e.g, $15,000) account that you've held for the "last several years".
by furwut
Tue Nov 01, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Proof of income for ONLY Roth IRA Conversions (ACA 2017)
Replies: 7
Views: 1109

Re: Proof of income for ONLY Roth IRA Conversions (ACA 2017)

Thanks for the discussion. I'm facing the same issue with my state exchange. My plan is to incur capital gains sometime in December to raise my income for 2016 to qualify for a premium tax credit when I file taxes in April. For 2017 I'd like to get the tax credit upfront as my premium has, otherwise...

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