Search found 411 matches

by lazylarry
Tue Apr 17, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: How to pay for travel? Redeem CC points vs cash vs apply for new card?
Replies: 3
Views: 454

How to pay for travel? Redeem CC points vs cash vs apply for new card?

So am planning a longer trip this year (domestically) for about $300-400. Wondering if people have experience with the following options and which is cheapest: 1) Using a non-travel CC (e.g. I have a chase sapphire) and redeem those points for travel. 2) Buy straight up using old credit card 3) Appl...
by lazylarry
Tue Apr 03, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: silly tax question on trad 401k to roth 401k conversion
Replies: 5
Views: 465

silly tax question on trad 401k to roth 401k conversion

Converted portion of a traditional 401k to Roth 401k,got a 1099-r (box 7, code g, taxable amount $5k) and read through the very exciting IRS manual but still didn't quite understand where I should put the converted portion. I know I should be paying tax on the $5k, so I put in it box 15b, but not su...
by lazylarry
Mon Mar 26, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 433

Re: Newbie Asking for Portfolio Advice

1 - Not in anything except the taxable account. I'm sure you realize that you will hit long term capital gains tax there (15% taxation on sales). I would follow your ISP and your plan for changing asset allocation. Now is fine - I would just make an ISP with what you plan your asset allocation to b...
by lazylarry
Mon Mar 26, 2018 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Asking for Portfolio Advice
Replies: 7
Views: 433

Re: Newbie Asking for Portfolio Advice

1 - Not in anything except the taxable account. I'm sure you realize that you will hit long term capital gains tax there. I would follow your ISP and your plan for changing asset allocation. Now is fine - I would just make an ISP with what you plan your asset allocation to be now and going forward. ...
by lazylarry
Sun Mar 25, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are there exemptions for filing local and state taxes?
Replies: 1
Views: 205

Are there exemptions for filing local and state taxes?

I'm aware of exemption that allows you not to file taxes if you make under the standard deduction, but are there are any ways that you wouldn't have to file local and state taxes if you have some earned income? E.g. for someone who is a dependent and making <$5k.
by lazylarry
Sun Mar 25, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Hire an accountant?
Replies: 14
Views: 809

Re: Hire an accountant?

I think a lot of folks here are DIYers, so I think most people with relatively uncomplicated returns don't use accountant. But those with more complex investments (e.g. businesses or self-employment), I think they often do use accountant. I'd probably use accountant until you understand enough to do...
by lazylarry
Wed Mar 21, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: How/when to sell high-cost funds with capital gains?
Replies: 12
Views: 1111

Re: How/when to sell high-cost funds with capital gains?

I have been in a similar situation. I would not hesitate to get rid of them as quickly as possible within a couple of limitations. 1) Don't liquidate so much that you pay a higher capital gains tax rate. 2) Keep an eye on what the gains might do to any tax breaks or benefits you might have that are...
by lazylarry
Tue Mar 20, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) vs. Roth IRA
Replies: 24
Views: 952

Re: Roth 401(k) vs. Roth IRA

As others have said, there are advantages to both. trad 401k + Roth IRA is probably the best option. However, recognize that $3000 in a Roth does not equal $3000 in a traditional. Roth 401k might be a good option if you are maximizing your retirement accounts and expect your tax rate at retirement t...
by lazylarry
Mon Mar 19, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Why shouldn't I day-trade in Roth IRA and HSA investment account?
Replies: 24
Views: 1697

Re: Why shouldn't I day-trade in Roth IRA and HSA investment account?

I actually encourage you to do it with a small portion of money. Write down what you predict the market will do and then invest as such. Look back at your predictions and then you will see how unpredictable things are. People who "predict" the markets usually just make a lot of predictions, one or t...
by lazylarry
Wed Mar 14, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Add Small Cap to International?
Replies: 11
Views: 935

Re: Add Small Cap to International?

I do believe the ETF and mutual fund both have the same ER (e.g. VXUS and VTIAX).

Also, if you want better to see the stock style , consider using:
http://portfolio.morningstar.com/Rtport ... Entry.aspx

It will give you a good general idea.
by lazylarry
Wed Mar 14, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 22
Views: 2566

Re: Credit card question - get Uber's new 4%er?

I think it just depends how much effort you want to put into it. For someone like me (and I'm sure other Bogleheads) who spends <$10000 a year on purchases, these cards are not going to wildly impact anything - maybe $500 back at most. I don't mind it though and there is no disadvantage. I use the f...
by lazylarry
Tue Mar 13, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Credit card question - get Uber's new 4%er?
Replies: 22
Views: 2566

Credit card question - get Uber's new 4%er?

So I have a couple of 10+ year old credit cards (one with rotating 5% and another with 1%), along with a 5 year CC (3% at grocery stores) and a 1 year CC (2% flat). I was debating getting the new Uber credit card with 4% cash back at restaurants/bars, 3% at hotels. I imagine I spend maybe $2500-$400...
by lazylarry
Tue Mar 13, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait to do Backdoor Roth until after 4/15?
Replies: 9
Views: 1088

Re: Should I wait to do Backdoor Roth until after 4/15?

I'm not sure - I think you might have 60 days after the end of the year (which you are out of this timeframe anyhow) https://www.taxact.com/support/1330/2016/roth-ira-conversion-from-an-ira-distribution-must-be-by-end-of-tax-year I didn't see anything there about that. Could you the specific part? ...
by lazylarry
Mon Mar 12, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Realigning Accounts - CD/MMF/?
Replies: 2
Views: 355

Re: Realigning Accounts - CD/MMF/?

How liquid do you need it to be, and for what? Seems too risk-averse at your age. But if you are truly feeling that you need liquidity, I think going with a CD is probably your safest bet. Particularly if you don't need the money soon, I would go with a 5- year CD with the thought that perhaps you c...
by lazylarry
Mon Mar 12, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait to do Backdoor Roth until after 4/15?
Replies: 9
Views: 1088

Re: Should I wait to do Backdoor Roth until after 4/15?

I'm not sure - I think you might have 60 days after the end of the year (which you are out of this timeframe anyhow) https://www.taxact.com/support/1330/2016/roth-ira-conversion-from-an-ira-distribution-must-be-by-end-of-tax-year If you are concerned about forms, you can amend/extend your tax return...
by lazylarry
Mon Mar 12, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to bond funds
Replies: 3
Views: 554

Re: Alternatives to bond funds

yes I would read the other thread - yield and return are two different things. http://quotes.morningstar.com/chart/fund/chart?t=VBTLX®ion=usa&culture=en_US Vanguard appears to have a 2.6% yield. Your desired allocation depends on how much risk you can take and what your needs will be during retir...
by lazylarry
Mon Mar 12, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: mega backdoor Roth 401k practical issues
Replies: 14
Views: 1959

Re: mega backdoor Roth 401k practical issues

Very curious, where did you net out here? I'm looking to do the same. Actually ended up being a lot easier decision, as I just got sort of lazy about it. You do have to pay taxes on any gains during the time of conversion, taxed as ordinary income. I ended up converting about 8k with $300 gains (I ...
by lazylarry
Sat Mar 10, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage diversification?
Replies: 6
Views: 570

Re: Brokerage diversification?

-It helps me feel more secure in case there's a major problem with either Fidelity or Vanguard for some reason.
-Fidelity offers a good VISA credit card (2% cashback) while Vanguard's expense ratios are a wee bit better
-Makes my tax returns more exciting
by lazylarry
Sat Mar 10, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to approximate VTSAX with my 401k choices
Replies: 30
Views: 1531

Re: Best way to approximate VTSAX with my 401k choices

Here's the exact allocation if you're interested:

https://www.bogleheads.org/wiki/Approxi ... ock_market

But yah, as other's have said, probably just easiest to go 50/50 for large-cap growth/value.
by lazylarry
Sat Mar 10, 2018 10:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 78
Views: 11687

Re: [Virtual online chapter - Master thread]

For the upcoming meeting's agenda: Can we try to tie in a virtual group meeting with a recorded session from the 2018 Boglehead conference? Sure we can, we can definitely put it up for a vote. Let me know if you'd prefer one in particular. I'm not sure how the video quality would be though, so woul...
by lazylarry
Thu Mar 08, 2018 9:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: pittsburgh pa [Local Chapter]
Replies: 8
Views: 1562

Re: pittsburgh pa [Local Chapter]

Hi ,
Wondering if this chapter is still active? Or if any bogleheads in the Pittsburgh/Western PA region?
by lazylarry
Wed Mar 07, 2018 9:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 78
Views: 11687

Re: [Virtual online chapter - Master thread]

For those of us that live a few time zones away from the U.S will there be a way to replay it? Unfortunately not for next time but that is def something we can consider in the future if presentors/participants are agreeable. I would like to join virtual discussions. I just emailed a request to the ...
by lazylarry
Sun Mar 04, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Market Fund... Should I sell off some?
Replies: 19
Views: 2248

Re: Emerging Market Fund... Should I sell off some?

Unfortunately (or maybe fortunately) nobody knows the future. I used to invest in EM until I realized that I knew relatively nothing about it and did not have the knowledge or time to truly understand it. I would sell it, drop it from your IPS, and rebalance to your IPS.
by lazylarry
Sun Mar 04, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting Setup
Replies: 13
Views: 988

Re: Tax Loss Harvesting Setup

I am getting ready to start taxable investing this year and I am pondering how I will do tax loss harvesting. To be sure, I am already fully using 401k and IRAs, so taxable seems to be the next best place to contribute to. Questions: 1. I want to pick up as much capital losses as I can up to the ma...
by lazylarry
Sat Mar 03, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable allocation review
Replies: 6
Views: 438

Re: Taxable allocation review

Congrats on finishing residency! That AA is fine, but as others said, simpler may be better. I would say that it is more critical to save. I'm assuming you're making Roth /backdoor Roth IRA contributions. Also, do you have 401k and can you make mega backdoor contributions or have a sep/simple ? All ...
by lazylarry
Wed Feb 21, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: Telling Tales: Value, Size, Int'l, REITs (2017 update)
Replies: 25
Views: 2617

Re: Telling Tales: Value, Size, Int'l, REITs (2017 update)

First time looking at Tell Tale charts, very interesting and nice job siamond! Wondering though: If these are made upon yearly aggregrate returns, then wouldn't there be bias towards funds that did well initially? For example, if both TSM and SCV went up 50%, but TSM had $4000 and SCV had $8000 at t...
by lazylarry
Wed Feb 21, 2018 9:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 78
Views: 11687

Re: [Virtual online chapter - Master thread]

Sorry just saw this - it's a online conferencing software
https://zoom.us/

And as FiveK said, please email me at virtualbogleheads@gmail.com and I will add you to the emailing list with instructions for the next meeting. We're still deciding a date - dependent on presentor availability!
by lazylarry
Sun Feb 18, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Large/Small/Mid cap correlation
Replies: 5
Views: 555

Re: Large/Small/Mid cap correlation

Mid- and small-cap blend indexes tend to correlate very highly with the S&P 500. The BH 3-fund portfolio recommends VTI if you have access to it, but VOO is a perfectly acceptable substitute. I guess this depends on what you call correlate highly. Do they correlate closer compared to gold over a 10...
by lazylarry
Sun Feb 18, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Expected return of US vs International, basic question
Replies: 33
Views: 2273

Re: Expected return of US vs International, basic question

I think this might clear up some things: https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp which explains why people around the world don't just start switching to international and separately but related: https://www.investopedia.com/terms/e/efficientfrontier.asp why investing full...
by lazylarry
Wed Feb 07, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Wash Sale question
Replies: 24
Views: 1478

Re: Wash Sale question

This may be dumb, but as livesoft hinted, this only applies if it is a capital loss and you are actually deducting this from your taxes (or offsetting capital gains).
by lazylarry
Tue Feb 06, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: I need a TLH (Tax Loss Harvesting) "System" - Suggestions?
Replies: 5
Views: 719

Re: I need a TLH (Tax Loss Harvesting) "System" - Suggestions?

-So one option is to have stock alerts that are watching your mutual funds (use one or multiple stock prices (based on cost basis) for which you have a large number of stocks) . You then wait until you get a notification of a 10% drop in your stocks, and sell said stock and buy back a relatively equ...
by lazylarry
Sat Jan 27, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for something with slightly higher yield/risk than online savings
Replies: 17
Views: 1409

Re: Looking for something with slightly higher yield/risk than online savings

If you are not planning to touch the money, then a 5- yr CD is better than a corporate bond fund imho. Also I would throw in money markets as people find these useful too.
by lazylarry
Sun Jan 21, 2018 1:05 pm
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4457

Re: Buying a car?

Thanks all for the info...super helpful... a few questions though: Congrats on buying a new vehicle. Hold up though. The definitive advice on buying a new car comes from here. https://www.bogleheads.org/forum/viewtopic.php?t=124638 (please read) The e-mail blast tactic is most commonly used on new c...
by lazylarry
Sun Jan 21, 2018 12:29 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on 65 year old's portfolio
Replies: 19
Views: 2427

Re: Opinions on 65 year old's portfolio

I agree with other posters regarding pension and conversions. Would look into i-orp, it can model for you the best times to convert. Your IRA is massive (congrats), which also means you are going to get hit with very high taxes due to RMDs. Using bankrates calculator, it looks to be starting at 60k ...
by lazylarry
Sat Jan 20, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in 2018 - makes more sense now?
Replies: 4
Views: 718

Re: Roth conversion in 2018 - makes more sense now?

1 - I've just googled things. 2- The decision to convert should be based on how much you plan on having in your IRA and your income tax at retirement. For instance, if you expect to have $50k of taxable income when you are retiring, then it could make sense to contribute at the 22% income tax bracke...
by lazylarry
Fri Jan 19, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4457

Re: Buying a car?

So I decided to buy a used car (Toyota Corolla 2016) and took the advice of others - email dealers and basically ask for the best offer, telling them the current best offer you have. I told them I'm ready to buy ASAP (maybe there are 4 dealers with cars in competitive price ranges near me). However,...
by lazylarry
Sat Jan 13, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing out of target funds?
Replies: 8
Views: 801

Re: Rebalancing out of target funds?

Hi guys and thank you for your responses. I read the wiki page so what I am getting is this: Total international stock index is most optimally placed in taxable, total bond index is most optimally placed in pre-tax Ira, and total us stock index is most optimally placed in Roth IRA. Does that about ...
by lazylarry
Sat Jan 13, 2018 11:32 am
Forum: Local Chapters and Bogleheads Community
Topic: [Virtual online chapter - Master thread]
Replies: 78
Views: 11687

Re: [Virtual online chapter - Master thread]

Been a while since our last meeting , but first meeting of the year on: January 24th @ 8pm FiveK is presenting on prioritizing investments. Shoot me an email if you are interested and not on the listserv: virtualbogleheads@gmail.com It's going to be good, so hope to see all there! A little preview: ...
by lazylarry
Sat Jan 13, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing out of target funds?
Replies: 8
Views: 801

Re: Rebalancing out of target funds?

+1 grabiner Hi all, I recently changed jobs and just rolled over my 401ks to vanguard. I had initially had a rollover IRA and Roth IRA of about $1000 but now have about $17k in each. Would now be a good time to move to admiral share indexes? I also have a brokerage account with vanguard containing a...
by lazylarry
Sat Jan 13, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 71
Views: 4238

Re: Poll: BHs who rent - what % of gross do you spend on rent?

6% in a relatively nice area . PA cost of living is fantastic.
by lazylarry
Tue Jan 09, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4457

Re: Buying a car?

Thanks all, appreciate the advice. Super helpful, I took it to auto body shop and said just that. Would like not to buy a car - that's a big pain for me, but will resort to those websites and probably stick to Hyundai/Toyota like folks are saying. But did get a revised estimate, not sure if this se...
by lazylarry
Tue Jan 09, 2018 12:30 am
Forum: Personal Consumer Issues
Topic: Debating which credit card to get for airline travel
Replies: 22
Views: 1360

Re: Debating which credit card to get for airline travel

I think the other advice (including flyertalk forums and thepoints guy) is on point. For me, I didn't want to spend a ton of time on this - managed to get pretty good savings in college by basically going to every airlines and finding their "you get 20000 free miles if you spend $3k". Then I'd use 3...
by lazylarry
Tue Jan 09, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: When the rubber hits the road [Progressive Dementia thread with merged updates]
Replies: 106
Views: 8202

Re: The reality hits - my dementia update

That's really a bummer, hope you are able to still enjoy things even with all the memory loss. Would definitely consider exercise though (if you haven't already). It has decent efficacy in at least slowing the cognitive decline of dementia.
by lazylarry
Tue Jan 09, 2018 12:10 am
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4457

Re: Buying a car?

Thanks all, appreciate the advice. Super helpful, I took it to auto body shop and said just that. Would like not to buy a car - that's a big pain for me, but will resort to those websites and probably stick to Hyundai/Toyota like folks are saying. But did get a revised estimate, not sure if this see...
by lazylarry
Thu Jan 04, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: Buying a car? [Need help with strategy for purchasing a used car]
Replies: 40
Views: 4457

Buying a car? [Need help with strategy for purchasing a used car]

Unfortunately, I got into a minor fender bender and insurance is not picking up anything b/c it was my fault :(. Car is worth about $500 Kelly BB value (corolla 2001), but costing about $3000 to repair (grill, hood, radiator damage). So after I recovered from being very upset at getting into an acci...
by lazylarry
Mon Jan 01, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Roth IRA
Replies: 4
Views: 401

Re: Rebalancing Roth IRA

Not sure 100% what you mean.

For my Roth IRA, all the funds are listed under one account. For instance, it will show:
14000 VGTSX
5000 VTSMX

And then I can make transactions e.g.
sell 1500 of VTSMX
buy 1000 of VGTSX
by lazylarry
Mon Jan 01, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Sanity check on portfolio in retirement
Replies: 2
Views: 376

Re: Sanity check on portfolio in retirement

Would appreciate comments on my portfolio. We are retired in late 60s. Portfolio is approx. $4.1 million. Income needs are met by social security + 1% of portfolio. Below is portfolio showing % for each fund in portfolio plus split of each fund between taxable portion of portfolio & tax deferred (I...
by lazylarry
Wed Dec 27, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Allocation for 66 Year Portfolio
Replies: 7
Views: 798

Re: Tax Efficient Allocation for 66 Year Portfolio

If she needs all the funds in five years (and she is contributing yearly till then), then a stock fund may not be the right option. If she can live without it, then it's an option. I would be prepared at any time for stocks to take a 50% hit in value for a few years and use that as a barometer of wh...
by lazylarry
Mon Dec 25, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: trivial dilemna - break CD or defer Roth IRA investment
Replies: 5
Views: 405

trivial dilemna - break CD or defer Roth IRA investment

Hi, Have a interesting question that isn't too important but I'm still curious of the answer. I have 5- year 2% int CD with 4K and also 2 year old Ibond with 1k but also do not have enough in savings to contribute to my Roth IRA for 2018. It will likely be 6 mo before I can contribute to Roth IRA. S...
by lazylarry
Sun Dec 10, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 37
Views: 7217

Re: Best way to get rid of lot of land?

Hi, Just checking to see if there were any more thoughts on this. I sent another batch of mail out with no luck to other owners. I was debating emailing/mailing the HOA, but wanted to check - I haven't paid HOA fees probably in about 3-4 years (each year is $75) and maybe more. I do pay property tax...